Reducing the pool of potential investors does not sound to me like a plan to make investing easier or better. These restrictions also don't seem like steps to make the markets more efficient - the proposed rule sounds like a way to make the markets way less efficient. Anyone should be able to buy - or to sell - these holdings.
I have been investing in leveraged funds for over 10 years and I am aware of the risks. Leveraged funds help my portfolio perform better with higher returns. I do not need any classes or tests or certificates to trade these funds. If you do then you should make every single investor in the market do the same.
FINRA is conducting an assessment of firms’ approaches to managing cyber-security threats. FINRA is conducting this assessment in light of the critical role information technology (IT) plays in the securities industry, the increasing threat to firms’ IT systems from a variety of sources, and the potential harm to investors, firms, and the financial system as a whole that these threats pose.
Dollars have no intrinsic value, so if any member of the public wants to gamble with them using what you call 'complex products', this should be entirely possible so as to have a level playing field with wall street. Educational materials are good. Less regulation is better, ending the federal reserve bank would be best.
SEC Approves Exemption from the Requirements in NASD IM-2110-2 and NASD Rule 2111 for Certain Regulation NMS-Compliant Intermarket Sweep Orders
Limiting LETFs to holding for one day, will greatly hinder my ability to save for retirement. I am a young investor with a long investment time horizon. Being forced out of LETFs would generate enormous capital gains that will financially ruin me. All I want is FINRA to do is to just make broker disclosures better.
First in a series highlighting colleagues working behind the scenes to help FINRA achieve our mission.
Raj Pillai is no stranger to crises. Y2K. 9/11. The Northeast blackout of 2003. Superstorm Sandy. He has worked through them all, the latter at FINRA, which he joined in 2011.
“There are different challenges with each situation. Every time, we’ve gotten better and better in terms of technology
I oppose the proposed rule as I believe it is over reaching and unnecessary. Leveraged and inverse funds are not that complex. Betting at the horse races and on sports teams would be a better target for regulation. And inverse and leveraged funds offer an important option for investors when conditions warrant the risk. I would hate to see complex rules and restrictions placed on this investment
I understand that there are predatory finance company's that'll use promising language. However, regulation isn't the answer to this problem. You need to hold the predators accountable. Our bloated government and the hundreds if not thousands of regulations will make it easier for these predators to hide behind. Bigger government is not better government, free markets
The USA is supposed to be a free country without burdensome regulations. Do not try to take away individual liberties. We already know the government as a whole is scum; what remains to be determined is whether you, the bureaucrat reading this, is any better.
Do not come in the way of investments. You already get your bribe from every transaction.
