The proposed regulations would unnecessarily infringe on my freedoms to contract privately on financial matters based on my own discretion. Leveraged and inverse funds are an important component of my trading strategies, and I should not have to disclose or satisfy any particular financial means or investment knowledge tests to enter into financial transactions in these products.
The ability for the general public to invest in various types of financial instruments and vehicles should not be restricted, and doing so would be anti-American in spirit. Let us consider and example of why this the case: the internet has helped promote the democratization of information and provided an incredibly valuable resource for individuals to learn, communicate, share ideas, create art,
It's about time that so mething was done to reign in the financial product world. Many retail investors are purchasing financial products and derivatives with no idea of the risk they are taking. Now companies profiting off of crypto coins want investors to place retirement funds in crypto currency which is completely unregulated. No unregulated financial product should be permitted as
Publication Date: February 23, 2023
Interpretations are marked in blue background beneath the rule text to which they relate.
17a-13 Quarterly security counts to be made by certain exchange members, brokers, and dealers.
17a-13(a) This section shall apply to every member of a national securities exchange who transacts a business in securities directly with or for others than members of a
The staff granted an exemption from NASD Rule 2790 in connection with new issue offering where all decisions regarding the allocation of shares in the offering are determined at the sole discretion of the issuer.February 3, 2006 Bruce E. Lee, Esq.208 North 29th StreetSuite 221P.O. Box 1222Billings, MT 59103 Re: Request for Exemption from Rule 2790 Dear Mr. Lee
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to: (1) amend Section 1 (General Information) of the Uniform Application for Securities Industry Registration or Transfer (“Form U4”) to add a new question eliciting information to identify locations as residential supervisory locations (“RSLs”); (2) amend FINRA Rule 3110.19(d) (Obligation to Provide List of RSLs to FINRA) to remove the reference to a list of RSLs and the quarterly timeframe for member firms to provide the list to FINRA and replace it with the requirement that member firms provide current information identifying all locations designated as RSLs in the frequency, manner and format as FINRA may prescribe; and (3) make conforming changes to Section 6 (Registration Requests with Affiliated Firms) of the Form U4 and amend the Form U4 Instructions to account for the new question soliciting RSL information (“RSL Question”).
I completely disagree with the imposed new regulations I shouldnt have to go through special hoops to invest in products. Leveraged products are important tools for my financial situation to achieve my goals and I should be allowed to invest in them with as much it as little as possible whenever I want. Do not limit my ability to invest in leveraged or inverse financial products. You are limiting
This regulatory change further exacerbates financial disparity in access to investment vehicles based on high and lower income earners. Consumer safety is important but not at the expense of force limiting options for investment. Whats really needed is stronger financial education, accessible regardless of means, which provides more opportunities for everyday Americans to build wealth based on
Complex products (ex: leveraged ETFs) are already limited in several wise ways. Limiting the leverage available to 3x is a good policy. However, completely gatekeeping who can access these products would simply increase inequality and unnecessarily increase costs for consumers. Gatekeeping access to all these complex opportunities would be akin to providing the unearned rent seeking through
FINRA’s Enforcement Department is conducting an inquiry with respect to forex trading.
