I am against the passage of Proposed Rule #S7-24-15. I have found leveraged and inverse ETF's easy to understand and trade. The risk involved in high beta stocks can be higher. I prefer to trade long in lieu of short selling and puts. Inverse EFT's are my vehicle for being long but bearish.
The financial markets are undemocratic enough. Please do not restrict investors in favor of professional institutional investors. These instruments are used for risk management, hedging enhancing returns of smaller investors and leveling the playing field given wash sale rules, margin requirements and those who do not want to invest in options.
I strongly and vehemently OPPOSE this rule attempting to restrict my choices in investing in Leveraged and Inverse Leveraged ETFs. As an individual investor I have invested in these continuously over a 15 year period with no negative results. We know what we are doing and the SEC should not interfere with unneeded restrictions on my rights.
I oppose proposed rule #S7-24-15. It's up to me how I should or should not invest my money. As long as it is invested in things that on their own accord do not violate the law I don't want or need anybody, especially government telling me how I can or cannot, should or should not invest.
TO: All NASD Members and Other Interested Persons
The Securities and Exchange Commission has recently approved an amendment to the Interpretation of the Board of Governors, "Forwarding of Proxy and Other Materials," under Article III, Section 1 of the NASD Rules of Fair Practice.1/ This amendment, which became effective on April 1, 1985, establishes a surcharge which may be charged by
SUGGESTED ROUTING
Senior Management
Advertising
Internal Audit
Legal & Compliance
Mutual Fund
Training
Executive Summary
This Notice reminds National Association of Securities Dealers, Inc. (NASD®) members of their obligation to ensure that discussions concerning fees and expenses in mutual fund advertisements and sales literature as defined in NASD Rule 2210(a) are
(a) Arbitration Disclosure to Associated Persons Signing or Acknowledging Form U4
All capital acquisition brokers are subject to FINRA Rule 2263.
(b) Requirements When Using Predispute Arbitration Agreements for Customer Accounts
All capital acquisition brokers are subject to FINRA Rule 2268.
Adopted by SR-FINRA-2015-054 eff. April 14, 2017.
Selected
Sec. 4. (a) A person whose association with a member has been terminated and is no longer associated with any member of Corporation or a person whose registration has been revoked or canceled shall continue to be subject to the filing of a complaint under the Corporation Rules based upon conduct that commenced prior to the termination, revocation, or cancellation or upon such person
(a) Failure to Participate Below
If an appealing Party did not participate in the disciplinary proceeding before a Hearing Officer, a Hearing Panel or, if applicable, an Extended Hearing Panel, and fails to show good cause for the failure to participate, the matter shall be considered by the Subcommittee or, if applicable, the Extended Proceeding Committee, and the National Adjudicatory
(a) U.S. Hearing Location
(1) The Director will decide which of FINRA's hearing locations will be the hearing location for the arbitration. Generally, the Director will select the hearing location closest to the customer's residence at the time of the events giving rise to the dispute, unless the hearing location closest to the customer's residence is in a different state,
