SUGGESTED ROUTING:*
Senior ManagementLegal & ComplianceRegistration*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
On December 13, 1991, the Securities and Exchange Commission (SEC) approved amendments to Schedule C of the NASD By-Laws relating to the premembership interview process for applicants for NASD membership. The
FINRA Requests Comment on Proposal to Require Alternative Trading Systems to Submit Quotation Information Relating to Fixed Income Securities to FINRA for Regulatory Purposes
I have an investment/finance degree and have managed investments for numerous years including stocks, bonds, options, futures contracts, etfs, leveraged etfs and inverse leveraged etfs. I do understand risks involved with leveraged and inverse funds and accept those risks. By limiting investment transactions through this regulation WILL take away market efficiency. By taking away market
Dear FINRA, As a 64 year old physician who has been investing in stocks since 1998, I feel that I am quite competent to assess the risks of my various investment choices. Aside from stocks, bonds, and similar 'paper' assets, I have investments in both real estate and collectables. As such, I feel very strongly that despite what undoubtedly are good intentions, FINRA should refrain from
I have been investing my own money from my self owned business for 50 years. I understand that these and all investments carry a risk and it is my responsibility to investigate the risk and judge what part of my assets I am able to risk. To limit my ability to invest in all products, including leveraged and inverse funds, also limits my ability to participate in the gains, when available. These
Options typically trade at 10x or more leverage depending on strike price. Leveraged and inverse funds trade from 2x to 3x and do not expire. If investors are no longer allowed to use leveraged and inverse funds, they will simply trade options which are even riskier than leveraged funds. Additionally options often expire worthless. Banning leveraged and inverse funds simply signals to investors
I am very concerned about the proposed regulations on complex products that could potentially put restrictions on the very important investment tools of leveraged and inverse funds. We as individual investors should have unrestricted access to any public investment of our choice. These investment tools provide critical means of balancing one's assets to maximize gains and minimize
As an independant investor who regularly uses inverese etfs to hedge my protfolio. I urge you to drop these considered changes. I have done extensive research into each and every asset I have bought, and don't need to be protected from complex things. I can fend for myself and fully understand the risks involved in what we do for a living. Americans in the market have enough restrictions
we need leveraged shorts to hedge positions when markets go through major corrections. please do not remove investors ability to protect their capital. thank you----Claude Saks
With over 40 years trading experience, inclusive of options, I utilize inverse ETFs as a means of insurance against unknown market events; typically limited to less than10% of total assets. These market tools are valid investments and like all tools in all disciples, when used correctly, enable individuals to complete tasks. Education NOT restriction should rule the day. We live in a free
