Honestly it's fine the way it is. It's not that complex for most investors. No one should be buying things they don't understand. That goes for appliances too and we don't have to take a for those. Casinos have complex rules for some and again - no tests required.
WASHINGTON—FINRA announced today that Jessica Hopper plans to leave FINRA on February 3, after an 18-year tenure culminating in her leadership of the Department of Enforcement. During her time as Head of Enforcement, FINRA brought numerous significant disciplinary actions to protect investors and markets, including its largest-ever enforcement action; prioritized returning money to harmed
FINRA Requests Comment on Proposed Exemption to the Trading Activity Fee for Proprietary Trading Firms
Please allow individual plans to formulate their own investing rules without the government adding new laws and restrictions. Risks of investing in cryptocurrency funds such as BITO are understandable by investors such as myself. There are many public funds that are of high risk that do not incur onerous investment restrictions.
Exemptive relief is granted based on representations that: the MFP and his spouse each intended to contribute $250 to the Candidate’s campaign; the MFP had pre-cleared a $250 contribution to the Candidate according to his Firm’s policies and procedures; the Firm identified the contribution through its supervisory process; the MFP requested and obtained a refund of the contribution; the Firm directed the Associate to refrain from certain communications involving the subject issuer; and the $500 contribution by the MFP and his spouse would not have triggered a ban on municipal securities business if the MFP and his spouse had both signed the check from their joint account or if they had written separate checks.
Regulatory Obligations and Related Considerations
Regulatory Obligations
Exchange Act Rule 15c3-3 (Customer Protection Rule) imposes requirements on member firms that are designed to protect customer funds and securities. Member firms are obligated to maintain custody of customers’ fully paid and excess margin securities, safeguard customer cash by segregating these assets from the firm’s
Since 2018, FINRA’s and the Municipal Securities Rulemaking Board’s (MSRB) amendments to FINRA Rule 2232 (Customer Confirmations) and MSRB Rule G-15 have required firms to provide additional transaction-related information to retail customers for certain trades in corporate, agency and municipal debt securities (other than municipal fund securities).
This is a grossly unfair proposal. All investors should be given the same opportunities to invest. The regulator has now right to give the rich and Wall Street crowd special investment opportunities that middle class investors dont have. Such rules contribute to more economic inequality.
I believe it is up to each individual to perform their own due diligence before investing in a stock, etf, etn or mutual fund.
Leveraged and inverse funds offer opportunities to those that handle their own investments, burdensome rules and regulations will serve to limit access by the independent investors.
I use leveraged and inverse funds routinely and have done very well, so long as I hedge leveraged stock funds with leveraged bond funds. Having back-tested rules to guide the balancing is key. Please do not interfere with my attempts to improve my model.
