Comment Period Expires September 13, 1999
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Executive Summary
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Executive Summary
On January 24, 1994, the Securities and Exchange Commission (SEC) approved new Section 47, Article III, of the Rules of Fair Practice that requires members entering into clearing or carrying agreements to specify the obligations and supervisory responsibilities of both the introducing and clearing
I oppose the possible rule changes to limit access to " complex products " such as leveraged ETFs.
User education is the way to go.
As long as investors are warned of the risks , the access must not be taken away from individual investors.
Not just crypto funds but businesses, rights as a parent. And so more more. You have broken so many constitutional rules. Protect this land and hold it in high estem is what you should be doing
(a) Notice to Member or Person of Suspension, Cancellation, Bar, or Limitation or Prohibition on Access to Services
(1) If a member or an associated person does not meet the eligibility or qualification standards set forth in the FINRA By-Laws or rules, FINRA staff may provide written notice to such member or person stating that the failure to become eligible or qualified will result in a
(a) A member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer's investment profile. A customer's investment profile includes,
(a) A member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer's investment profile. A customer's investment profile includes,
I oppose this rule as I should be able to invest the way I see fit. I use leveraged etfs to balance my portfolio and maximize returns for my family. These types of investments should be available for all, and not the chosen few.
The proposed rule is insane. Having invested in ProShares for many years, I am fully aware of the risks and know how to deal with them. It totally does not make sense to take the privilege away from investors.
As a retail investor and woman, I am opposed to all rules such as this, that allow the rich to invest more freely than me. I resent the insinuation that I don't understand the risk of my investments. This is an equity/class issue! Do better.
