SUGGESTED ROUTING
Senior ManagementLegal & Compliance
Executive Summary
At its May 1994 meeting, the NASD Board of Governors approved the issuance of a Notice to Members soliciting comment on the Report of the Subcommittee on Punitive Damages of the NASD Legal Advisory Board. The Report proposes a number of approaches that the NASD might adopt for the award of punitive damages in
Yes I ask that FINRA puts limit on how much money can be invested in L&I funds, it should be no more that 20% of portfolio, brokerage should limit purchase in this funds as these are extremely high risk funds that most investors do not understand. Sending a disclosure does not help as most people do not read it or undersand the language, it should be restricted by brokerage.
Comments: We individual but educated investors should still have access to leverage and inverse funds and products because (we) educated investors do understand the risks . I do agree with signing the yearly agreement to trade these products but our access should NOT be taken away. Some of us do NOT want to work until we are 90 years old.
I oppose the regulation that requires extra testing before I can invest my own money. It is my money. I understand fully when I signed up to be my own trader. I take full responsibility. I do not appreciate the extra steps you are forcing me to do before I can invest in my future. Are there risks? Of course! However, that is for me to decide.
Leveraged products are key to the risk management of any retail investor. These new regulations and especially the high net worth requirement will only enlarge the inequality between the rich and the rest of us, who already have way less instruments and hedging opportunities to resort to. You should protect the retail investors rather than making their investing a living hell.
We as Americans has the right in invest in stocks and bonds of our choice, not regulators. Why should we have to pass a test to invest, we can do our own research and decide if it is worth the risk to invest our money. Many of us have been in the market for decades, it is not up to you what bonds or businesses we support.
I do not think this is fair for low networth investor who may not have opportunity to earn high return vs high networth investors. It is discrimination because public investment should be available to everyone without restriction or requirement to obtain any special training. You can give notice of high risk speculation but cannot regulate public investments.
I oppose any legislation restricting my right to invest in any public investments. I, not regulators, should be able to choose the public investments that are right for me and should be available to all of the public, not just the privileged. I am perfectly capable of understanding leveraged and inverse funds and their risks. I shouldn't have to go through any special process before
I am advised that I am now incapable of making my own investment decisions re leveraged or inverse investments This is quite surprising as I have been doing this for decades, with much satisfaction and no regrets I am quite content working with my own risk parameters and object to others telling me what I may or may not do, and oppose such efforts and oversight
Investors should be able to buy instruments of their choosing. The restrictions on trading in the expert markets have already ruined pricing and liquidity on many equities at the expense of small investors. Please don't continue harming investors through restrictions. Leveraged funds have many useful purposes including limiting risk through hedging and avoiding use of margin loans.
