Timothy Thompson is Senior Vice President, Enterprise & Financial Solutions. More specifically, Mr. Thompson serves as the Head of FINRA’s Enterprise Risk Management (ERM) Team. ERM provides a consolidated, organization-wide view of risks that could potentially have a significant impact on FINRA’s ability to achieve its mission, strategic goals and key
Good Morning, I am writing this comment in response to your classification of LETF's as a complex product. I agree with this assertion, and additional warnings and barriers to investors using these products without prior understanding MIGHT be beneficial to "protecting" investors from themselves. However, I want to specifically advise that restrictions that prevent investors from
SummaryDay trading broadly refers to an overall trading strategy where a customer effects both buy and sell transactions in the same security in the same day to profit from movements in the price of the security. FINRA has had longstanding rules designed to limit the potential losses from day trading for both customers and members, and to ensure the risks of day trading are disclosed to customers
I oppose putting limitations on my abillity to buy from this public investment after having done my due diligence. I have educated myself and understand the risks with any investment. Let me choose.
INFORMATIONAL
INSITE Reporting Requirements
Effective Date: December 10, 2001
SUGGESTED ROUTING
KEY TOPICS
Executive Representatives
Legal & Compliance
Operations
Senior Management
INSITE
Reporting Requirements
Executive Summary
On November 27, 2001, the Securities and Exchange Commission (SEC) approved proposed National Association of Securities Dealers,
I view this proposed restriction is yet another restriction to small investors - not naive, but experienced with these products.
We know the risks - the brokerage firms have all the warnings before you can make a trade.
Tim
We oppose restrictions to our right to invest. Personally we use leveraged/inverse funds to manage our portfolio risk during financial crisis. We want to maintain our current access to these funds.
I cant understand how this manipulations of our rights comes in times when freedom is at danger, I should be able to invest in any instrument I want, Im aware of my risk, I vehemently oppose this proposed regulation
I am capable of understanding leveraged and inverse funds
and their risks.
Regulators should NOT be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.
Please refrain from from taking my ability to invest in the same funds as the wealthy. You can add disclaimers to warn people of the risk but the market should be free to all to invest in the funds they wish.
