FINRA Reminds Firms of Rule 5131(d)(4)'s Prohibition on Accepting Market Orders for the Purchase of New Issues Prior to the Commencement of Trading on the Secondary Market
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to adopt (1) FINRA Interpretive Material 1013-3 (“IM-1013-3”) that would set forth a short-form membership application process for firms that apply for FINRA membership due to the amendments to Exchange Act Rule 15b9-1, adopted by
I find the inverse funds etfs are a convenient way to trade market trends. The prospectuses and notices to investors have made me aware of the potential for financial loss in using these investment instruments so I am careful and vigilant in my use thereof. I don't feel further regulation is warranted and I believe it would serve to put undo restrictions on investors.
I would like to strongly express my displeasure with the SEC proposal to restrict my freedom to invest in any instrument of my choosing. I have been trading financial instruments for twenty years and do not need your opinion as to where I should or should not invest. I find this highly invasive of my privacy and freedom. Leave me alone.
I strongly oppose restrictions of investors to be limited to leveraged and inverse funds, as these type of investments permit investors to property balance, diversify and limit risk to their portfolio in all types bear and bull markets by sector. Without these type funds, our investment opportunities will be limited. It also defeats the need and desire to learn and understand financial markets
An exemption is granted based on the following considerations. First, you have represented that Name, prior to being hired by the Firm, was not engaged in the solicitation of municipal securities business, as defined in the Rule. Second, you have represented that the Firm has a long relationship as an underwriter of municipal securities for the State and State agencies, and neither the hiring of Name nor his Contribution was necessary to obtain municipal securities business from such issuers. Third, the Firm has agreed to institute preventive information barriers to help avoid the potential for conflicting interests to exist and be used, or appear to be used, by the Firm or Name to obtain municipal securities business or compensation or other financial benefits related to such business.
(a) When Offer Allowed; No Stay of Proceeding
A Respondent who is notified that a proceeding has been instituted against him or her may propose in writing an offer of settlement at any time. If a Respondent proposes an offer of settlement before the hearing on the merits has begun, the making of an offer of settlement shall not stay the proceeding, unless otherwise decided by the Hearing
Hello,
I am an individual investor (albeit a sophisticated individual investor with a financial engineering degree) and being able to use leveraged inverse funds helps me hedge and execute trading strategies without having to structure the hedge from scratch (e.g., using options or futures contracts). Therefore, I strongly support general access to leveraged and inverse funds.
To Whom It May Concern:
I believe I am responsible for the way I invest my resources and the products I choose. Limiting my choices by intervention of regulators and the steps they take to limit my choices is improper. Inverse fund investment is part of my financial method of preserving my resources. Please do not take any steps to limit my actions in this manner.
I oppose restrictions on my right to trade in particular securities or requiring prequalification to do so. The securities I trade in are a critical part of my investment strategy and I use them appropriately with stop loss orders to protect my capital. I have over 40 years experience trading in the financial markets and shouldn't be required to prove to anyone that I know what I&#
