ACTION REQUIREDMail VoteLast Voting Date: May 6, 2004SUGGESTED ROUTINGKEY TOPICSExecutive RepresentativesLegal & ComplianceSenior ManagementNASD By-LawsExecutive SummaryNASD invites members to vote to approve amendments to the NASD By-Laws that will: eliminate two seats on the NASD Board of Governors (NASD Board) that are currently reserved for representatives of the American Stock
Please leave the leveraged and inverse funds as they are. I am presently retired and they are an important part of my investment strategy. If they were no longer available to me it would cause great financial harm to me and my family.
Thanks
It would be preposterous to restrict purchase of securities that permit me to hedge my risk.
Not sure why regulators would consider themselves as more concerned about my financial well being than I am myself.
Iam truly opposed by these proposed limitations and ridiculous tests/qualifications.
It is my free right to invest in any funds that I can obtain and afford.
FiNRA.....
Do away with this proposal.. Represent and promote financial freedom. Thank you!!!
These financial insteuments are vitally important for an informed and sophisticated investor to use for the retail investor. Perhaps vetting new investors is a better option. For any investor with years of experience, these leveraged instruments are vital and must be kept.
As an independent investor, I find this potential regulation to be insulting and diminishing. Americans have a right to invest in securities and other financial products as they deem fit. Please do not take this harmful action against our freedoms.
Taking away financial tools including leveraged funds only hurts retail investors like myself. Everyone should have the opportunity to learn, understand, and invest in these securities based on their own strategy and investment goals.
Please stop trying to regulate away the investing public's ability to make investment choices for themself. You as a body can't know the individual financial situations of the public in order to make decisions on what instruments are appropriate.
The definition of complex products is ambiguous and broad that makes it arbitrary and unworkable, thus possibly leading to unfair or discriminatory treatment of investors.
It unnecessarily restricts investors to choose products that they believe will lead to their desired financial independence and security.
I not regulators should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.
Leverage funds help me meet my financial goals.
