Executive Summary
The annual meeting of FINRA firms will take place on or about Monday, August 19, 2019, to elect one Large Firm Governor and one Small Firm Governor to the FINRA Board of Governors (FINRA Board). A formal notice of the meeting, including the precise date, time and location, will be mailed to executive representatives on or about July 19, 2019.
The purpose of this
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to exempt certain business development companies (“BDCs”) from FINRA Rule 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and from paragraph (b) (Spinning) of FINRA Rule 5131 (New Issue Allocations and
FINRA’s Member Regulation department is conducting a review with respect to products linked to the CBOE’s Volatility Index (VIX). The review will focus on the supervisory processes followed by firms to identify and mitigate sales practice risks associated with recommendations to non-institutional purchasers of VIX-linked products.
Comment Period Expires: February 24, 1997
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Executive Summary
NASD Regulation, Inc. (NASD Regulation) requests comment on the use by NASD® members (securities broker/dealer firms) and their associated persons of bond mutual fund risk ratings in sales literature given to customers. In
It is grossly unfair to only allow access to these products to large money players. Leveraged funds compromise less than 2% of my active holdings, but are useful in capitalizing on upswings that occur after large selloffs (such as the COVID selloff in March-April of 2020). When the markets enter a period of distress we should be allowed to buy the dip as aggressively as I wish. All the money I
I should be able to spend, invest and allocate my own capital as I see fit without any interference from an outside regulatory authority. All investments are risky in nature and it is my responsibility to conduct my own research on each investment. There is enough information and regulations in place to protect me as investor to allow me to make an inform decision based on the public information
Hi FINRA,
Please DO NOT restrict leveraged or inverse funds. I am a huge fan of $TQQQ because of the 3x leverage that it offers me on the shares, which are based on the Nasdaq 100. This leverage has helped me build my portfolio over the last few years and I am very grateful that a product like it exist. If you all were to restrict such product that would be very bad for the beginner investor and
I am fully capable of choosing the investments appropriate for my situation. I should have the right to invest and take risk in anything legal investment that I see fit. It is my risk, no FINRA or anyone else's risk. Anyone investing knows they are taking the risk to lose some or all of their capital. We do not need special processes or tests to take. I already signed documents with my
I'm writing in opposition of the proposed restrictions to the right to invest in leveraged ETFs. Leveraged and inverse funds are important to my investment strategies. I have 20+ years of trading experience and leveraged funds is one strategy I employ as part of my investment plan.
Capital markets in a democratic society should enable its people to choose the public investments that are
I believe the use of complex products including leveraged and inverse funds should continue to be allowed for use with retail investors for short-term purposes. Often these products can be used when volatility spikes within the markets in an effort to protect an investors portfolio. Through the use of these type of products, the investor is not required to sell specific holdings (incurring
