We, not regulators should be able to choose what we invest in. No special process such as an exam should be required. We understand and trade at our own risk. No test can change that. Leveraged & inverse funds are needed in my portfolio. They require less cash and are not subject to earnings volatility or principle changes.
before my broker would allow me to trade leveraged ETF's, I had to take a class and sign a risk disclosure form. this is more than sufficient to let me know about the risks associated with these types of investments. I should have the choice of what type of investments I own, not a government bureaucrat.
Leveraged and inverse funds are relatively high risk to investors, but most investors are capable of understanding the risks and invest the funds properly.
For equality, people who are affordable to take the risks should be allowed to trade these funds. Therefore, the entry barrier of leveraged and inverse funds should not be too high, say $50,000.
Last summer, we introduced listeners to FINRA’s Crypto Hub, an enterprise-wide strategy for keeping up with the evolving crypto asset regulatory landscape. On this episode, we have three members of the hub join us to provide an update on that work to dig into the results of a recent survey of member firms regarding their crypto asset touch points to tell us about the new spot Bitcoin ETP market and more.
February 13, 2007
Dear NASD Member:
Last year I sent a letter to members that highlighted new and existing regulations that were of particular significance to NASD’s examination program. The letter was designed to offer you guidance by identifying areas of potential examination focus, allowing you to enhance related supervisory and compliance procedures and systems at your firm. Because the
Comments:It is my considered opinion that leveraged and inverse etfs are fine. There are many trading and investment vehicles that I do not fully understand and therefore avoid. I do not believe that because I don't understand them that they should be eliminated ! I you want to protect the great unwashed I think you could start with online gambling.
ALL investments in the stock market are a GAMBLE. What is the gain?? In truth, all an investor can gain over the long run is an average dividend. Since all investing is a gamble, why target JUST leveraged stocks and funds?? If you want to stop gambling, just close ALL market trading.
TO: All NASD Members and Municipal Securities Bank Dealers
In Notice to Members 85-63, dated September 23, 1985, members were advised that Tuesday, November 5, Election Day, and Monday, November 11, Veterans Day, would not be considered business days since many banking institutions would be closed.
The NASD has been advised that most banking institutions will be open on Election Day but will
Gross Income Assessment, Personnel Assessment, and Regulatory Fee
SUGGESTED ROUTING
KEY TOPICS
Compliance
Legal
Senior Management
Gross Income Assessment
NASD By-Laws
Personnel Assessment
Regulatory Fee
Executive Summary
NASD is issuing this Notice to Members to inform members that NASD's Board of Governors has approved proposed changes to NASD's Gross
TO: All NASD Members and Municipal Securities Bank Dealers
ATTN: All Operations Personnel
The schedule of trade dates/settlement dates below reflect the observance by the financial community of Martin Luther King, Jr.'s Day, Monday, January 21, 1985. On Monday, January 21, 1985, the NASDAQ System and the exchange markets will be open for trading. However, it will not be a settlement date
