<p>Further interpretive advice to members concerning the sale of hedge funds.</p>
I strongly object to any FIRNA curbs on my ownership of "complex" public exchange traded Products, when the vendor has made adequate disclosure of the product's operation and risks. There are far more useful actions that FIRNA can take in other areas to protect investors, eg. SPACs, private equity marketing, etc.
Frequently asked questions regarding FINRA Rule 2210, filing requirements and the how to use the Advertising Regulation Electronic Filing (AREF) system.
Individual private investors should have the right to invest unhindered in inverse and leveraged stock index funds. These funds facilitate methods of trading that can be used to manage market risk, and are easier to trade than options. Investors should have this method available for investing. Please do not restrict investors access to these types of funds.
We do not need regulations limiting smaller investors abilities to take on risk. There is adequate warnings already in place for levered ETFs. Small investors already cant access many investments that the wealthy can such as private equity and venture capital. This will push more investors into taking riskier margin loans rather than a managed leveraged product.
I oppose this ruling as a retail investor because I have responsibly been trading leveraged funds for multiple years without additional risk. I feel this ruling imposes totalitarian control on my money and limits my freedom as a private citizen. If this ruling isn't stopped now, additional constraints on investing for the normal populace will continue to be incurred without reason.
I am fully capable of determining my own level of risk with investing and frankly find it insulting that the government would presume to limit my choices.
Instead of telling members of the public what they can do with their own money, perhaps spend more time reviewing what elected officials do with their money when combined with private information.
Corporate mergers and acquisitions can have a significant impact on the value of stock held by investors. But apart from the potential for sudden price changes for impacted shares, what else do investors need to know about mergers and acquisitions?
Good morning. Thank you for that introduction Louise [Guarneri], and thank you for inviting me to speak this morning.
FINRA Rule 2330 (Members’ Responsibilities Regarding Deferred Variable Annuities) establishes sales practice standards regarding recommended purchases and exchanges of deferred variable annuities, including requiring a reasonable belief that the customer has been informed of the various features of annuities (such as surrender charges, potential tax penalties, various fees and costs, and market risk); and, prior to recommending the purchase or exchange of a deferred variable annuity, requiring reasonable efforts to determine the customer’s age, annual income, investment experience, investment objectives, investment time horizon, existing assets and risk tolerance.
