I oppose restrictions on the public's right to trade "complex" investments. I use leverage and inverse funds on a daily basis in my investment strategies. They are not hard for the average investor to understand. Adding red tape and complexity around these instruments is not in the investing public's best interests. I request that you reject these proposed rules.
There are plenty of warnings regarding the use of leverage with stock market investing. As a manager and individual investor, the disclosure and disclaimer hoops are already plentiful. This issue is less significant than the investor confusion created by dual licensing of brokers as RIA reps and Series 7 agents. The BIC rules didn't reduce the confusion.
I oppose regulations that limit small investors ability to invest in leveraged and inverse funds. This is a basic principle of fairness. Should these vehicles only be available to high net worth individuals? There is enough special privilege already in the system that rigs the system against individual investors. This rule amounts to further theft.
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to (1) amend NASD rules to modify and expand NASD's authority to initiate trading and quotation halts in over-the-counter ("OTC") equity securities; and (2) adopt IM-6660-1 to identify certain factors that NASD may consider in determining, in its discretion
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") an extension of the effective date of amendments to NASD Rule 3010(g)(2)(A) which defines the term "branch office," and related IM-3010-1 which provides guidance on factors to be considered by members when conducting internal inspections of offices ("Uniform Branch Office
<p>NASD Rules 6950-6957 (OATS)</p>Clarification of application of the OATS rules.
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Senior ManagementCorporate FinanceGovernment SecuritiesLegal & Compliance*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
On October 28, 1992, the Securities and Exchange Commission (SEC) approved an amendment to Article III, Section 35 of the Rules of Fair Practice and Section 8 of the NASD's Government
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend NASD IM-1000-2 to toll the two-year expiration provisions for qualification examination requirements set forth in Rules 1021(c), 1031(c), and 1041(c) for certain former registered persons serving in the Armed Forces of the United States, including persons who
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend NASD IM-1000-2 to (1) clarify that the scope of the relief provided in the IM extends to any registered person of a firm who volunteers for or is called into active military duty, not just registered representatives; (2) codify the staff's existing
Comment Period Expires: February 16, 1998
SUGGESTED ROUTING
Senior Management
Corporate Finance
Legal & Compliance
Operations
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Trading
Executive Summary
On December 11, 1997, the National Association of Securities Dealers, Inc. (NASD®) Board of Governors approved the solicitation of comment on a proposed rule that would amend Rule 6530 to limit
