Dear SEC I am appalled by your recent proposal to restrict investment in leveraged and inverse ETFs to investors with a high net worth. Particularly inverse ETFs are one the few convenient ways that smaller investors presently have to hedge their risk against a bear market. By restricting these funds to the very wealthy, your rule's primary outcome will be that high net worth investors can
Please don't interfere with these ETF'S that are leveraged. I've made very good money trading TQQQ over the years and for those that just hold it; it's compounded about 49% each year! I hold QQQX because it pays a phenomenal dividend. I also love URTY to capture small caps. There are several of the pro shares I like. Look you can lose money in anything. These last two months I
To Whom It May Concern: I am a self-directed individual investor writing to urge you in the strongest possible terms to avoid creating any new regulatory barriers to investing in leveraged or inverse funds. Your role in upholding basic investor protections is vital to the integrity of the market. While institutional investors can access a variety of financial instruments to take advantage of
Does FINRA only wish to cater to the "RICH CATS" of Wall Street? ETFs are a Godsend to smaller investors, WHOM can NOT open $1 Million + accounts with Goldman Sachs, or Morgan Stanley....and get special privileges (edges) like getting 1st dibs on new IPOs etc. NOW, inverse funds are under review so SMALL fry WILL NOT be allowed to 'short' sectors of the markets? MUST we all
Series 7 registered representatives are not required to register under Series 55 as equity traders based solely on the fact that they perform the clerical function of entering customer phone orders into the same routing system that customers could use to enter orders electronically. The Series 7 representatives, under the facts described in the letter, would not provide any advice to the customers, including advice on possible paths or methods of execution.
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Martin Luther King, Jr., Day: Trade Date-Settlement Date Schedule
The Commodity Futures Modernization Act of 2000 ("CFMA") lifted the ban on the trading of security futures, i.e., single stock and narrow-based stock index futures ("security futures"). Because they are subject to regulation both as securities and as futures contracts, security futures must be traded on trading facilities and through intermediaries that are registered with
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On February 8, 1995, the Securities and Exchange Commission (SEC) approved Rule 1120 (formerly Schedule C, Part XII of the National Association of Securities Dealers, Inc., By-Laws) of the NASD® Membership and Registration Rules, which prescribes requirements for
Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2010
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The NAC has revised FINRA’s Sanction Guidelines, which guide FINRA adjudicators in developing remedial sanctions for violations of the securities rules. These revisions were based on a review to ensure that the guidelines accurately reflect the levels of sanctions imposed in FINRA disciplinary proceedings. The revisions tailor sanctions to differentiate between types of respondents and
