FINRA Requests Comment on a Proposed Rule Set for Limited Corporate Financing Brokers
As prepared for delivery
Good afternoon. Thank you, Wayne [Abernathy], for that kind introduction and for the invitation to speak with you today. It is a pleasure to address this group, which plays such a unique role in facilitating the open discussion of important issues facing our economy and financial system.
Most of you, I assume, invest in the stock market. Many of you invest through
Restricting purchasing/selling of inverted or leveraged ETFs is pretty much equal to stoping regular people from the opportunity to earn income in stock trading. Leaving this privilage to only "professionals" or traders with huge capital will hugely increase the gap between rich and poor and will make poor suffer more.
People who doesn't understand the nature of such
All capital acquisition brokers are subject to FINRA Rule 4111.
Adopted by by SR-FINRA-2020-041 eff. Jan. 1, 2022.
Selected Notice: 21-34.
I should be able to choose the public investments that are right for me. Public investments should be available to the public. I shouldn't have to go through any special process to be able to invest in these securities. Leveraged and inverse funds are important to my investment strategy and allow me to trade broader sectors with less exposure and capital investment. I understand the
I am of the strong opinion that individual investors should be able to make their own decisions on the vehicle they choose to invest in. It should not be governed by ones net worth, passing of a test or any other qualifications..if so you are limiting the ability to invest in these instruments to the top few you are once again taking away the ability of the small investor to invest/risk their
The ability to invest how ppl want to invest it critical. I use inverse or leveraged inverse funds to mitigate my stock exposure during volatile times without having to sell stocks and pay capital gains. Eliminating my ability will cost me money as well as restrict my freedom. I strongly encourage you to scrap these unnecessary plans.
Good afternoon, Chairman Reed, Ranking Member Allard and distinguished Members of the Subcommittee. NASD is grateful for the invitation to testify regarding the regulatory consolidation of NASD and NYSE Member Regulation.
FINRA Requests Comment on Proposed Consolidated FINRA Rule Governing Discretionary Accounts and Transactions
Updated: April 18, 2017
Good afternoon. Thank you, Merritt [Fox], for that kind introduction and for the invitation to speak with you this afternoon. It’s a pleasure to be with you today and to participate in this ambitious initiative to conduct a New Special Study of the securities markets.
As all of you know, the original Special Study was a defining event in the history of U.S.
