I have worked hard my entire life to make a better future for myself and my family. If I choose to invest the money I have earned in public securities, like leveraged and inverse funds, it should be my right! I have a college degree, I am capable of understanding risks and benefits. I strongly oppose the Federal Govt inserting itself in my financial choices with the proposed regulation.
Thank you for considering this and taking a step towards transparency in the stock market and our cracking financial system
Enact the rules and close up any loopholes. This has the potential to stop a lot of shady business practices if done correctly and insulate the market from predatory financial firms.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the expiration date of the temporary amendments set forth in SR-FINRA-2020-015 and SR-FINRA-2020-027 from March 31, 2022, to July 31, 2022.
SUGGESTED ROUTING*
Senior Management
Legal & Compliance
Mutual Fund
Training
*These are suggested departments only. Others may be appropriate for your firm.
REQUEST FOR COMMENTS
EXECUTIVE SUMMARY
The NASD requests comments on a proposal to amend the NASD confirmation rule,
In mid-2024, in accordance with the industry-led shortened settlement cycle from two business days (T+2) to one business day (T+1), FINRA will implement its changes for equity trade reporting. Please see DTCC notice for details of the financial industry coordination for this project.
FINRA has updated the following specifications in anticipation of this change:
ADF FIX Specifications for
(a) Member Application Process
(1) Definitions
(A) "Associated Person"
Solely for purposes of paragraph (a) of this Rule, the term "associated person" means any: (1) sole proprietor, partner, officer, director or manager of a funding portal, or other natural person occupying a similar status or performing similar functions; (2) natural person directly
I spent over 10 yrs in the financial sector. Investing and helping others do so to prepare for the future. Preventing individuals from taking risk with great return potential because they have less money than wealthier investors, will only keep them from becoming wealthier. You will be surpressing people who are working towards fulfilling their pursuit of happiness, as guaranteed by our
Leveraged and Inverse fund are very important tools. They are not hard to understand. More important, they are necessary tools that enable me to maintain financial security at a cost I deem to be very reasonable. I oppose any restrictions on my right to invest. Full Disclosure; YES. Restrictions; NO. They are unnecessary and seem to be designed to force me to hire a professional to invest, which
As an investor I should have every right to invest in any equity or security of my choosing, free of any restrictions. Requiring additional paperwork to prove a certain net worth or financial competency is discriminatory and imposes undue burdens on my personal liberties as a member of the free market. It is my risk alone to invest in products such as leveraged exchange-traded funds, and thus
