Series 55 Exam Grace Period Expires May 1, 2000
On April 1, 1998, NASD Regulation, Inc., amended the National Association of Securities Dealers, Inc. (NASD®) Registration Rules regarding the qualification of representatives who trade equity securities in The Nasdaq Stock Market, Inc. and/or over-thecounter. A new qualification examination was established - the Limited Representative—Equity
This is as misguided on the part of FINRA as it gets. The entire regulatory structure is built to support the "long equities all the time" theme. Decades of essentially free money have made publicly traded equities on US exchanges one of the riskiest assets in the world. When the bond market takes the printing press away from the Federal Reserve (it is not a question of if, but when),
Regulators,
I urge you not to enact any legislation that limits or impedes my ability to choose for myself which investments are appropriate for me and my family.
In particular, I am especially against any proposal that will restrict or complicate my ability to strategically trade leveraged ETF's and similar products. I have effectively used these products to enhance my own personal
Comments: Please continue to allow me access to these products such as inverse EFT's. The companies providing them have given adequate information, and I further can look up information if needed. I understand they have additional risk, however I would like to take that risk for myself and should have to right to do so. Having these products to chose from helps me to balance my portfolio to
OATS Phase III Frequently Asked Questions
After 50 years of investing including the use of leveraged and inverse funds; I believe I have the right as well as the responsibility to control my own investments. I do not need or want measures inacted that would only impair my investing. I use inverse funds to stabilize my portfolio and to offset some of my long position. I started trading these funds when I was young. That's how I
Finra, thanks for giving us a way to input our thoughts on 22-08. Leveraged etfs offer the retail investor opportunities to take positions, both long and short, that in the past were only available to large asset managers. While warning labels are justified, we should be able to make up our own decisions on when and if to use leverage and or inverse etfs. Taking a monetary loss on a losing trade
Leveraged and inverse funds are highly valued-liquid trading instruments that I find very useful for quickly getting long and or short the market and are frequently used for hedging purposes. These products provide a very effective means to manage capital at market risk and there are no other inexpensive-scalable alternatives available to retail investors. These leveraged products provide
I am against regulators limiting investors from trading leveraged and inverse funds. They provide me a useful way of hedging so I don't have to sell portions of my portfolio that have tax consequences. These funds also provide additional liquidity to markets allowing them to function. These types of funds are easy to understand so the public should not have to be accredited or pass any test
It is important to have inverse investments as they can be used in the market place to mitigate downside in long positions, thus making it possible for me to avoid trading my long positions. A regulator has no ability to perceive my need to take such mitigating positions, and it is offensive to be told that such an ability. Simply stated, public investments should be available to ALL members of
