This is an unconscionable intrusion into my financial life. How dare you assume I'm too stupid to understand or that I don't know how to manage my own money.
If there is something innately wrong with these financial instruments, then outlaw them for everyone. Otherwise, if they're legal instruments, it's my business and mine alone whether or not to invest in
Limiting access to complex financial instruments makes dangerous assumptions about the general intelligence of the American public. And unlike licensing and restrictions for automobiles or firearms, uneducated decisions regarding financial tools can only hurt the investor themselves. It is not the government's job to protect us from every bad decision we could theoretically make.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to retire the FINRA Rule 10000 Series (Code of Arbitration Procedure).
Hello SEC Well here we go again. I thought we had this matter settled a few years age when I sent my last public comment to you but apparently not. It is my understanding that the following items are being considered in order for someone to invest in leveraged and inverse funds. 1. Pass a regulator imposed test of your specialized investor knowledge 2. Demonstrate high net worth 3. Get special
Precious metals IRA frauds frequently target older workers and retirees because they typically have more money saved in their qualified retirement accounts than younger people. Before you consider rolling over your retirement plan to a gold or silver IRA, here are 10 questions you should ask.
Individual investors deserve the ability to manage their own risk and make their own investment decisions. It is preposterous to suggest that there are any real systemic threats to the financial system arising from these funds. If institutions can regularly take on risks that actually affect the broader financial system then individuals should be able to take risks that largely only impact
Summary
FINRA reminds firms to evaluate their exposure to LIBOR (formerly, the London Interbank Offered Rate), and review their preparedness to manage LIBOR’s phase-out. To understand how firms are preparing for that phase-out, FINRA surveyed a representative cross-section of member firms, including some firms with significant trading volume or positions in LIBOR-linked securities. This Notice
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend the FINRA Code of Arbitration Procedure for Customer Disputes (“Customer Code”) to clarify and, in some instances, amend the applicability of the Document Production Lists to simplified customer arbitrations administered under FINRA Rule 12800.
More regulation only produces an even great gap between those who are privileged enough to have financial advisors (and therefore access to sophisticated investments), and those who are not. Requiring a certain level of net worth is also a way to silo regular folks from taking advantage of the market. This is not right. People should be trusted to make their own financial decisions.
Hello, My name is Brandon and I am a series 7 licensed financial advisor. I believe that the current proposal 22-08 is unfair to investors, underwriters, and businesses, limiting access to investment resources for investors and financing for businesses. For businesses. The people do not need you to dictate what they can invest in. This is only going to hurt the market overall, while limiting the
