March 1, 2010
Dear Executive Representative:
FINRA is issuing its 2010 annual examination priorities letter to highlight new and existing areas of significance to FINRA's examination program for the year. This year's annual letter goes beyond the focus of FINRA's Market Regulation and Member Regulation Departments to also include topics that are of heightened importance to the
(a)(1) Unless otherwise permitted by FINRA, a member shall not enter into an agreement for the carrying, on an omnibus or fully disclosed basis, of any customer account in which securities transactions can be effected ("customer account" or "account"), unless such agreement is with a carrying firm that is a FINRA member. An introducing firm that acts as an intermediary for
The federal government is not suppose to guide, steer and steal the hard earned money from U.S. citizens. The Constitution and our forefathers warned its citizens AND wrote LAWS with stringent views against Big Government. Our states are to determine certain rules and regulations. We do NOT want your red Socialist tape, hidden agendas and under the table deals from greedy, self serving
An amendment to the chairperson eligibility requirements of the Code of Arbitration Procedure for Customer Disputes and Industry Disputes that removes the alternative "substantially equivalent training or experience" criterion is effective September 22, 2008.
Qualified investors (current status) should be allowed to invest in a variety of products including inverse and leveraged funds -- This is like call or put options--to maximize their opportunity. We should be made aware of the risks (current status), and enjoy the gains or suffer the losses.
You need to end Congressional exemption from insider trader rules before addressing inverse and leveraged
I oppose thr proposed rule. I want to be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. Leveraged and inverse funds are
I want to state me displeasure at your attempt to limit my investing in leveraged or inverse funds. I know the risks involved in this type of investment. One of the risks was not the government stepping in and potentially making my current investments plummet in value.
There would be so many rules involved I would have an extremely tough time selling my shares, plus I want to leave open the
I am not a big investor, and I believe in free and universal access to the markets. I was fully informed by my broker about the risks involved in leveraged and inverse funds, which are an important security hedge for me should the market crash. I am opposed to SEC Proposed Rule #S7-24-15 and urge you to consider the harmful and unnecessary limitations it would impose on myself and others like me
I do not appreciate regulators restricting my choices of what I can invest in by making arbitrary rules.
As an individual, I learned that prior to investing in securities, I had to invest in my own financial education first, including risks associated with leveraged and inverse funds. Instead of making it more cumbersome to invest, consider helping and making it easier so younger generations may
I haven't read the material yet, but at first blush this is quite an overreach. Not everyone can win - yet those that lose run to elected officials & want a refund for their poor risk management. Day trading "rules" changed nothing but the amount that could be lost to a greater amount. Time would be well spent helping the gamblers buying 0 DTE puts &
