Effective Date: December 15, 1993
SUGGESTED ROUTING
Senior ManagementCorporate FinanceInstitutionalLegal & ComplianceSyndicate
Executive Summary
On October 29, 1993, the Securities and Exchange Commission (SEC) approved amendments to the Corporate Financing Rule (Rule) under Article III, Section 44 of the Rules of Fair Practice to prohibit underwriters and related persons
Proposed Rule Change to Adopt Interim Form for Funding Portals Under the Jumpstart Our Business Startups Act
There is a significant gap between haves and have nots in this country.
We work hard everyday and earn the money, we should be able to invest the money without government interfering in our decision. The new rule does not help to stop the irregularities in any way, but they will curtail the rights of small investors.
This proposed rule directly interferes with an alternative and preferred way to invest in cryptocurrency funds, as opposed to directly acquiring the specific cryptocurrency itself.
It is inexplicable to me that a straight forward currency-based fund could be deemed "complex", and as such my ability to freely invest in it could become very limited or completely eliminated.
<p>Requirements of member firms to establish a schedule for and conduct inspections of Offices of Supervisory Jurisdiction and branch offices.<br/></p>
Thank you so much Lori for that kind introduction, and thank you, Mr. Chairman, for hosting this important program. I am thrilled to be here. And I want to add my welcome to Lori's and Chairman Cox's.
It's a dumb rule and may push people to more dangerous investments, like the gambling parlor we call the options market. The holdings of these etfs are made known to people and are fairly easy to understand. Instead of buying AAPL and MSFT individually, I can buy TECL with the added bonus of NVDA.
Comments:
I believe leveraged ETFs are an important part of diversifying an investment portfolio. The issuers give plenty of disclosure as to the risks inherent with these investments. In addition, there are numerous articles on the internet that discuss the risks of leveraged ETFs.
Please leave the current rules and disclosures in place and do not add additional burdens on the issuers.
It's not the place of federal regulators to decide whether an investor is "smart enough" for particular commodities, nor to impose means testing that discriminates against the less affluent. Further, such rules could impose a disparate impact on minority communities given the current wealth distribution, and village civil rights laws.
Bob Getty finds these new attempt at rules to be just more government -sticking its nose were it does not belong -butt off and stay out of peoples private lives and cut taxes and inflation -do the real job that you are paid excessively too much for inept work !!!!!!!
