TO: All NASD Members and Other Interested Persons
The following are NASD Notices to Members issued during the first quarter of 1988. Requests for copies of any notice should be accompanied by a self-addressed mailing label and directed tos NASD Administrative Services, 1735 K Street, N.W., Washington, D.C. 20006-1506.
Notice Number
Date
Topic
88-1
January 4, 1988
Proposed Amendments to
Low-priced securities are often known as “microcap stocks” or “penny stocks.” While these securities can be legitimate investments, they’re also high-risk and should be approached with caution by the average investor.
I should be able to decide what's best for me and my family. I have two college degrees and am very capable of deciding what and what not to invest in. I read various financial newsletters regularly. Some I agree with and some I dont. I am best qualified, after years of research, to invest my own money. I am more concerned about my finances than any advisor.
To Whom it May Concern. I do not like the current SEC to be changing the rules. In a democracy, people should have a right to invest their money as they see fit. Government is not responsible to protect people from everything. In the world of the financial markets, investors must follow the rule of Caveat Emptor. If government becomes too regulatory in a capitalist economy, then it is no longer a
Please allow my research and judgement to decide the best investment vehicles for my money. All tools require effort and time to learn. None are more complex than others. ETPs like Inverse ETF funds go the opposite direction of a benchmark. How is this difficult to understand? In fact, in my ROTH IRA this is the safest means to hedge against the market going lower. I don't want to
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to make technical and other non-substantive changes within FINRA rules.
Hi,
I have used Leverage funds for many years and it is an important part of my investment strategy. I understand the risks of the leveraged fund and prefer that strategy over options and margin purchases. This is clearly not a concern of regulators as it poses no threat to the overall stability of the world financial system and frankly is an overreach into what investors can use. Thus i
RE: Restrictions on Leveraged and Inverse ETFs
We know that these investment vehicles are legal, so restricting access is basically unethical and corrupt. If these investment vehicles are open to some, then they should be open to all. The proposal includes language about needing to pass a FINRA exam to invest. Scarry Part is the fact that other investment vehicles could become restricted as
Comments: The education around the risks of these products has been openly communicated to me and other investors. Investing in any of these products is the sole risk of the investor. Many want to stay away from them. For me, it provides a great opportunity for my investment goals. These products cater to a unique need in the market and preventing anyone with those investment goals from accessing
Please do not bring regulations that stifle adoption and investment. This is all part of freedom being able to invest in an asset (precious metals, precious stones, stocks, bonds, currency or digital currency etc), claiming America being a free nation, and not allowing financial freedom such as investment as long it's within guidelines of law that protects the investor from scammers and
