April 10, 2003 2:00 P.M.
Kyra:
Hello. Good afternoon and welcome to the Regulatory and Compliance Workshop. My name is Kyra Armstrong. I'm an attorney in Member Regulation, as are Emily Gordy and Vicky Berberi-Doumar. From NASD, we also have Patricia Albrecht from the Office of General Counsel and George Walz from our Department of Member Regulation's Examination Program Group. Today
This is a ridiculous rule to keep working people poor. Some of us want a chance to be able to grow our wealth to retire early . This is class war. Right now is a very uncertain time and we need to be able to build for ourselves a better future .
The payment of a salary to a sales assistant by a registered person is not prohibited by NASD rules, nor would it require the registered person to register as a general sales supervisor under Rule 1022(g).<br/>
Proposed Rule Change Relating to the Series 28 Examination Program
Proposed Rule Change to Delay the Operative Date of FINRA Rule 6121.02 (Market-wide Circuit Breakers in NMS Stocks)
This filing was withdrawn and replaced by SR-NASD-2006-007.NASD has filed with the SEC a proposed rule change to amend Rule 2860 to: (a) revise the definition of the term "underlying index" to include all indexes underlying standardized index options and other indexes that meet certain specified criteria; and (b) allow members to calculate the position limits, in accordance with volume
After taxes, the balance is MY money. It is MY decision what to do with it and NO ONE ELSEs.
I bear the risk. If you are going to impose rules on our investment choices, then you also need to cover our resultant losses. Are you planning to do that?
Regulators, I oppose restrictions on my right to choose and invest in public investments. I do not need, or want, new rules concocted to determine what my investment options are, or, how, and when I am "allowed" to invest my own funds in public investments.
I do not support the proposed rule and believe I should retain the ability to invest in whatever investment products I desire without going through special process. This comment in particular pertains to leveraged and inverse funds which an important part of my investment strategy.
More rules for regular investors while big fish gets away with all the advantages that you can not do anything about. You will let them sell order flows, let dark pools exist, but put restrictions on common public.
