Note: Only NASD member Executive Representatives are allowed to vote. Ballots with voting instructions were distributed with the print version of this Notice.
ACTION REQUESTED
NASD By-Law Amendments
Last Voting Date: January 22, 2001
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Senior Management
Corporate Governance
NASD By-Laws
Executive Summary
The
TO: All NASD Members and Level 2 and Level 3 Subscribers
On Tuesday, March 3, 1987, 17 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,788. These 17 issues, which will begin trading under real-time trade reporting, are entering NASDAQ/NMS pursuant to the Securities and Exchange Commission's criteria for voluntary
I believe FINRAs scheme is misguided because it:
Hurts Investors: It could potentially deny you the freedom to choose investments that could
help you achieve long-term financial security.
Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary
and vague that it could ensnare a vast number of commonly used public securities and affects my ability to freely
Instructions for Completion and SubmissionThe Issuer and ADR Company-Related Action Notification Forms are available through an electronic notification system. FINRA does not accept paper, email or facsimile copies of this form. The electronic notification system allows payment by credit card or ACH. To submit a company-related action through the electronic notification system click on Corporate
To FINRA
I plead to you on my behalf & on behalf of my family. I am a "small" account holder, for the past 10 years I trade "only" these leveraged ETF's & ETN's. I mastered my own system and this is my only income. If you regulate these investments to large accounts I will be cut out of my livelihood. Finding a new
I understand that you are trying to place these restrictions on the sale of complex securities to protect consumers, and I support warning systems that prevent scams and fraud, but I think it is best to let non-accredited, private investors make their own investment decisions at the end of the day.
I urge FINRA to continue to protect the right of choice in how to best protect our investment portfolios in order to help achieve long-term financial security. My fear is that regulations could be too broad and difficult to interpret and therefore, Unworkable: The definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities
Government is never very good at fixing a broken system..
However, ..Now the Govt is trying to fix something that is not broken and will more than likely cause issues that never existed before the regulations proposed.
The outcome will likely hurt investors.
This is obviously bias and against every American who chooses to invest for their future or retirement. Investing cannot only be for the wealthiest people. Our true freedoms would be a complete falsehood. A bank savings account is a joke in American banking system!!
Dear Sirs/Madams; I believe every investor has a right to decide for themselves how they wish to invest their money and these regulations will interfere with those rights. A free and fair market system would allow for this. These regulations will be harmful to investors. Thank you
