Limiting investors choice to determine the best investments based upon their goals is unwarranted and detrimental Investors who use unique investment strategies (ie options, crypto currencies, shorts, high yield bonds, leveraged ETFs) should not have to incur an additional regulatory burden. There are many complex investments and they have been utilized by investors for decades. The
I've invested for my own account over 50 years, and served as a NASD/FINRA arbitrator over 20 years. I dealt with options, high-yield funds, leveraged ETFs, and many other products. My concerns are disclosures and suitability.
Complex products require complex rules and complex disclosures. Disclosures must have a separate summary of risks in plain language, in addition to the legal
GUIDANCE
Annual Compliance and Supervision Legal & Compliance Certification
SUGGESTED ROUTING
KEY TOPICS
Legal & ComplianceOperationsRegistered RepresentativesSenior ManagementTraining
IM-3013 (Annual Compliance and Supervision Certification)
Executive Summary
The Securities and Exchange Commission (SEC) has approved
(a) Reportable Transactions
Members shall comply with the Rule 7200B Series when reporting transactions to the System, including executions of less than one round lot. All trades that are reportable transactions will be processed pursuant to an effective transaction reporting plan. Trades that are not already locked-in trades will not be accepted by the System. Members must use an alternative
This Written Supervisory Procedures Checklist (“WSP Checklist”) outlines selected key topics as a reference tool to assist funding portal members (“FP members”) in fulfilling their compliance obligations.
(a) Applicability of Rule
A claimant may request default proceedings against any respondent that falls within one of the following categories and fails to file an answer within the time provided by the Code:
(1) A member whose membership has been terminated, suspended, canceled, or revoked;
(2) A member that has been expelled from the FINRA;
(3) A member that is otherwise defunct; or
(4) An
I am against more nanny state regulations. We as individuals need to be able to make our own decisions.
People with high net worth are also incapable of making financial decisions, they just got lucky.
If this investment is inappropriate for individual investors such as myself, then why is it even an option? Just remove it for all investors.
I am capable of making my own investment decisions and
The rule would unfair, the products provided make known their risk and reward. Relatively with other exchanges 3x is smaller compared to the British with 5x leveraged and with the Koreans up to 10x leveraged.
You are handicapping families who have finra related compliance rules from freely trading the market. We are already limited by minimal holding periods and denial of derivative products.
I would like you to do your job and enforce your rules regulations and other such items. Thank you Have a great day.
