I oppose restrictions on public investments to so-called "complex products" including leveraged and inverse funds. Preventing the general public from accessing these types of investments will subvert the ability of non-high-net-worth individuals from offsetting losses during periods of economic retraction as well as capitalizing during times of volatility with calculated risk-
ACTION REQUIRED
Fee-Based Compensation
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KEY TOPICS
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Charges for Services Performed
Fee-Based Compensation
NASD Rule 2110
NASD Rule 2430
Executive Summary
Fee-based programs typically charge a customer a fixed fee or percentage of assets
I oppose the SEC Proposed Rule #S7-24-15 for the following reasons 1. It is a form of Central Control for the "government" to impose its judgement on investors about investment vehicles that play a key role in risk mitigation for portfolio managers. 2. It is way to impose additional costs on investors and barriers to market efficiency. When markets are made less efficient people will
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Executive Summary
The purpose of this Special Notice to
On June 7, 2007, the SEC approved amendments to Rule 2790 to prohibit issuer-directed allocations of new issues to broker-dealers and to provide an exemption for issuer-directed non-underwritten offerings.
During its May 8-9 meeting, the FINRA Board of Governors approved FINRA’s 2023 Annual Financial Report and appointed new members to FINRA’s Advisory Committees.
Background
In March 2017, FINRA issued a Special Notice on its engagement programs as part of FINRA360, its comprehensive review of its operations. In response to the Special Notice, FINRA received a number of comments and suggestions regarding the usefulness of some advisory committees, their membership and their effectiveness as a vehicle for dialogue between FINRA and member firms. After
Public GovernorRetiredGovernor Since 2023Committees: Audit & Risk Committee (Chair), Compensation & Human Capital Committee, Conflicts Committee, Executive CommitteeProfessional ExperienceOwner, Derrick A. Roman LLC (2021 – present)Partner, PricewaterhouseCoopers LLP (PwC) (1985 – 2020)Current Board Service and AffiliationsIndependent Director, CommScope HoldingsBoard Observer, G-
Summary
The Securities and Exchange Commission (SEC) has approved a proposed rule change to amend FINRA Rules 2210 (Communications with the Public) and 2241 (Research Analysts and Research Reports) to conform to the requirements of the Fair Access to Investment Research Act of 2017 (FAIR Act).1 The rule change creates a filing exclusion under Rule 2210 for investment fund research reports that
When a company files for bankruptcy protection, chances are its shares will lose most, if not all, of their value. Here’s a look at what shareholders can expect and why it’s so risky to trade in the delisted shares of bankrupt companies.
