Testimony Concerning Auction Rate Securities Markets, Committee on Financial Services, U.S. House of Representatives
TO: All NASD Members and Level 2 and Level 3 Subscribers
On Tuesday, April 19, 1988, the following 11 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,994:
Symbol*
Company
Location
BMEEF
SUGGESTED ROUTING
Legal & Compliance
Operations
Systems
Trading
Executive Summary
Effective January 2, 1997, tier sizes for 762 Nasdaq National Market® securities will be revised in accordance with NASD Rule 4710(g).
For more information, please contact Nasdaq Market Operations at (203) 378-0284
I am opposed to new regulations that would prevent regular American people like me from owning leveraged securities. I am an adult, I can make my own investing decisions. I dare say I make better financial decisions for myself than the Government does. I do not believe that the SEC has my best interests in mind with proposed rule #S7-24-15. I want less government in my life. Not more.
I am an educator and will be effected tremendously if I am blocked from using triple leveraged indexes. I am a voter and perfectly capable of understanding the implications and risks that these investment tools entail. The government should not have the power over my financial investment decision making. This tool is an easy and equitable way for those of us who are not Wall Street connected to
I absolutely oppose the regulations to limit inverse or leveraged funds. I am a citizen of what used to be a free country, and really resent the government intrude on my personal financial decisions. If you want to EDUCATE people on investments, that is fine, but the final decision rests with me. I fully intend to find which legislators support such regulation, and vote against them and both fund
I find it ironic that our government proposes to restrict investments that allow citizens to protect themselves from government interventions in markets. I specifically indicate inverse bond funds. These allow investors to offset detrimental actions of government agencies, such as the expansion of the money supply by the Federal Reserve, in a very simple and inexpensive manor. Or maybe you
I hope it is not true FINRA is going to restrict trading in leveraged and inverse ETFs. I have used this vehicles for financial planning for 15 years. They just one of many invaluable tools to be used in certain situations. There are risks in EVERY investment. Leveraged funds get a bad rap, but if you study the math, it is really unjustified. Yes, they have higher fees, which can be an
I believe any additional oversight or reporting requirements in regard to short positions would be a net positive. Abusive shorting of securities has both introduced idiosyncratic risk and reduced faith in the integrity of United States financial markets.
I definitely do not want FINRA to make any changes to Proposed Rule #22-08. Public traded funds need to remain public. This almost reminds me that I may not be ELITE enough to participate in what has always been available to the public. The thought of being tested to see if I know enough about these funds is ludicrous. I don't believe that FINRA should be awarded this kind of control over
