Proposed Rule Change Relating to FINRA Rule 3310 to Conform FINRA Rule 3310 to FinCEN’s Final Rule on Customer Due Diligence Requirements for Financial Institutions
This proposed update to the outside business activities disclosure requirement sounds great! The existing rules force financial institutions to overstep monitoring of employees' personal lives. For example, someone who has a hobby of buying Chuck E. Cheese tokens in bulk and then re-selling them on eBay to collectors should not need to disclose this activity to their employer.
SUGGESTED ROUTING
Senior ManagementAdvertisingInternal AuditLegal & ComplianceMutual Fund
Executive Summary
On July 12, 1994, the Securities and Exchange Commission (SEC) approved amendments adopting Guidelines to Article III, Section 35 of the NASD Rules of Fair Practice that prohibit members from using investment company rankings in advertisements and sales literature unless
SUGGESTED ROUTING
Senior Management
Corporate Finance
Legal & Compliance
Operations
Trading
Training
Executive Summary
On December 7, 1994, in SEC Release No. 34-35059, File No. SR-NASD-94-15, the Securities and Exchange Commission (SEC) approved amendments to the NASD Free-Riding and Withholding Interpretation (Interpretation), an Interpretation of the Board of
FINRA to Require Electronic Submission of Subordination Approval Requests
Inverse and leveraged funds are a very important part of my investing. I have been able to weather the lows by using those funds and have gone beyond just preserving my initial capital. I am fully capable of using this type of strategy to manage my money when needed, and do not believe I should be regulated more than any other member of the public. This should not be another case of just the
We as individual investors should have the choice and option to decide which investments are best for us. Public investments should be available to all of the public, not just the privileged. Especially in 2022, diversity and inclusion is extremely important, allowing all people to learn and make decisions that are best for themselves, not regulators.
Leveraged and inverse funds are an important
To whom it may concern, Instead of regulators choosing which investments I can and can't use, I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public. I shouldn't have to go through any special process before you can invest in public securities. If a product is complicated, there are already rules
I have been successfully investing in leveraged ETFs for over 10 years now. I currently hold a significant position in TQQQ with unrealized capital gains that I can't afford to pay taxes on until after I retire. I need the liquidity of of an active options market on this leveraged ETF to be able to sell options against my position in times of excess volatility. I cannot afford to change
I am an individual investor who believes a person should not need to go through a special process before being allowed to invest in public securities. To invest is to be aware that markets fluctuate and carry inherent risk -- any serious investor learns this quickly. I should not have to jump through hoops or demonstrate I have an arbitrary net worth before investing in leveraged or inverse funds
