TO: All NASD Members and Interested Persons
ATTENTION: REGISTRATION AND TRAINING PERSONNEL
The passage of the Tax Equity and Fiscal Responsibility Act of 1982 ("TEFRA" or the "Act") has brought about changes in the tax law which will have an impact on the subject matter of the qualification examinations administered by the NASD. The chart at the end of this notice lists the
Is this not a free country? I should be able to choose what investments are suitable for my portfolio. Why should this investment only be reserved for a chosen few? I shouldn't have to prove myself to regulators that I am perfectly capable of making investment decisions that are in my best interest. While I've utilized these products for years, they are not my complete strategy, but a
I am not only highly interested in buying any crypto currency in existence, but already involved in crypto as an investment. There should be no special process like passing a test, to invest in public securities, including cryptocurrency funds such as BITO. I am fully capable of understanding cryptocurrency funds such as BITO and their risks.There should be no measures imposed on me, and anyone
I oppose putting restrictions on investing in inverse or leveraged ETFs. Just like any stock investment, I clearly understand the the risks involved and under certain market conditions, I need a hedge to decrease my risk. I am the best person to be making my own investment decisions and not relying on others to be making choices for me that are not in my best interest. You should also not be
I am now retired and age 76 but worked most of my career investing as a fiduciary on behalf of pensions, foundations, and endowment founds. I now invest my own IRA via ETrade and have sometimes used leveraged ETFs to manage risk. For example, since I hold some longer term corporate bonds I recently used the TBT ProShares ultrashort Treasury bond to hedge against the rise in interest rates. Please
The ability to use leveraged ETF’s allows me to hedge my downside risk without having to open an options account. The decay on these products against the ability to gain access to leverage is relatively balanced. Don’t pull retails ability to hedge downside risk on the cheap; particularly with the Fed raising interest rates until something breaks to try to create some level of demand destruction
Since the stack market is meant to operate on the principals of supply a demand. I believe that synthetic share creation through naked short selling or naked options needs technical controls enacted to prevent. Policy controls appear to be largely ineffective give the number of cases for violations listed on SEC.GOV. Given we can buy and sell shares and options why isn’t there simply an exchange
RE: Comment on FINRA Regulatory Notice 25-05: Outside Activities RequirementsTo Whom It May Concern:We appreciate the opportunity to comment on FINRA Regulatory Notice 25-05, which proposes a new rule to streamline and reduce unnecessary burdens regarding existing requirements addressing the outside activities of member firms' associated persons. As a FINRA member firm with registered
I have lost faith in the “fair and free market” these past few years have opened my eyes to see the cards are stacked against the average American. Huge funds are market makers which have them looking out for their own best interest. If they do get penalized the fines are nothing compared to the money they make cheating the system. I want transparency and just penalties for those who break the
(a) No member or person associated with a member shall accept any payment or other consideration, directly or indirectly, from an issuer of a security, or any affiliate or promoter thereof, for publishing a quotation, acting as market maker in a security, or submitting an application in connection therewith.
(b) The provisions of paragraph (a) shall not preclude a member from accepting
