SUGGESTED ROUTING
Senior Management
Legal & Compliance
Trading
Executive Summary
In recent months, NASD Regulation, Inc., has observed instances of sharp price changes and increases in trading activity in stocks of low-priced companies. In response, NASD Regulation is issuing this Special Notice to Members to emphasize to its members their obligations to customers,
FINRA's proposed regulations of Leveraged an Inverse ETF's are harmful and misguided because:
1) I am a free marketer and believe that the individual's right to choose what to invest their hard earned money should be inviolate. Otherwise mal investment is likely and that is a long term moral hazard.
2) We already have too many regulations to "protect"
Why would it be a good idea to deny basic freedom, to the public securities market? These days MORE than ever, a fundamental tenant to achieving long-term financial security, should NOT be disavowed to ANYone!!! Broad, arbitrary, and vague definitions prove, execution of such an unworkable scheme, would at best, show egregious arbitrary results under ANY type, or form, of implementation. The long
I take extreme exception to your proposal to limit my access to buying any particular class of public funds. This is part of my investment strategy; I employ it as a hedge in my portfolio. It does not require special training or skills to understand the potential risks and benefits of using leveraged and inverse funds. It seems more likely to me that this is just another ploy of the privileged to
Certified Financial Planner and Retirement Income Certified Professional here: These new proposals are another failed attempt to regulate the finance industry. At this point it is almost comical that all of the proposed and enacted regulations are obviously meant to hurt the average Joe, while allowing big players to continue to profit and manipulate the system. I hope at some point in the near
I oppose new rule making that would make leveraged and inverse ETFs difficult or impossible for normal investors to buy. I have used these sorts of ETFs in the past profitably for both hedging risks and investment purposes. I believe these products are both understandable and useful to the average investor.
Given the recent blow-up of so-called qualified investors and family offices like Bill
I am already anti-capitalist. I despise the system which rewards not merit, but inherited wealth. I cannot possibly fathom why you would want to make my job so much easier- you understand that by depriving average citizens of the right to invest, you are pushing them directly into my waiting arms? I know I shouldnt interrupt my enemy while he is making a mistake, but this? I almost pity the short
Comments:Given that it's been banks and wall street that has crashed the stock market numerous times with their wild gambling and poor planning, even though they're supposedly sophisticated traders with lovely certificates attesting to the fact, perhaps you should tighten regulations on the financial giants and leaches in the system before you go after the small people. Have
While I am not 100% opposed to new regulation on these complex products, I do want to caution that this could cause unintended consequences. For example, if I could not access leverage through options or through leveraged ETP's, both of my brokers currently charge me 8% or more on margin interest.
How does this help me to pay over 7% more than the Fed Funds rate? It helps and protects
(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,
