As a holder of inverse and leveraged products, I SUPPORT this measure, as ProShares and other financial services company prey on us individual, "retail" investors, and take advantage of our lack of knowledge through their own manipulation and complex wording. FINRA is on the side of the consumer, and even as a consumer who holds products that are in danger of being excluded, it is for
I understand the risks of investing in leverage and inverse funds. Regulation has a place to protect investors, but measures like this would put individual investors like myself at a disadvantage. During the financial crisis of 2007-2008 I invested in long leveraged index funds and it has been one of my most successful investment decisions to date. I can say that my financial situation and
This is ridiculous, there are already disclosures and warnings most, if not all, brokerages make available to customers prior to accepting leveraged trades. Quit wasting tax payer dollars on this type of garbage. If anything, have investors take a free online education course on leveraged funds. Your [REDACTED] proposal discriminates against the poor and has no consideration for their financial
1.) Limiting investment opportunities to those with high net worth is inherently un-American and is borderline predatory on those who would be excluded from making these investment plays.
2.) Leveraged and inverse funds are crucial to my short and long term investment strategies. Information and notices are provided with these, and should continue to be. Expanding information requirements is a
Hello, I believe FINRA has the power to do the right thing. Retail investors need protection from the power and corruption of many financial institutions, with their lobbying and access to greater resources than retail traders. FINRA should enhance their regulation of harmful behaviours from these financial institutions.
Registration requirements of a member for persons responsible for actively supervising the employees of member broker/dealer (under former Schedule C, Part II, now the Rule 1020 Series).<br/>
I was a previous financial advisor. We became heavily regulated back in the day. The rules are in place and I understand, however when you infringe on peoples personal rights to invest by taking it a step further with the rules and regs already in place, now you are constitutionally wrong with the publics freedom to make fair choices on their personal investments and limiting them in this
March 9, 2009
Dear Executive Representative:
We are writing to highlight new and existing areas of particular significance to FINRA's examination program for 2009. We hope you will use the information in this letter to gain valuable insight into some key FINRA examination topics, and to help you assess your firm's compliance and supervisory programs.
Before discussing specific
FINRA Requests Comment on Concept Proposal to Require a Disclosure Statement for Retail Investors at or Before Commencing a Business Relationship
GUIDANCE
Structured Products
SUGGESTED ROUTING
KEY TOPICS
Internal Audit
Legal and Compliance
Retail
Senior Management
Derivatives
Options
Structured Products
Structured Securities
Executive Summary
As a result of a recent review of members that sell structured
products, NASD staff is concerned that members may not be
fulfilling their sales practice obligations when selling
