I think shorting leveraged ETFs should be disallowed. Perhaps that'd go a way in reducing systematic market risk from these financial instruments? There are plenty leveraged ETFs designed just for shorting an index and it makes no sense to me that one might prefer shorting the ETF itself. It more easily con-volutes one's thinking than just buying the bearish ETF.
Proposed Rule Change to Adopt New FINRA Rule 5123 (Private Placements of Securities)
As a school teacher with a low salary, leveraged funds are important to my investment strategies. I have more than 1000K hours studying financial investing and have used this as a way to supplement my income to help support my family. It is unfair to limit these options to just the privileged. It should be available to the public to allow personal wealth growth to be more equitable.
Do not take away my rights to decide how, when, and what legitimate investments to make. I am in charge of my financial future and make decisions based upon my situation, risk appetite, and personal goals. I can read risk documentation to understand my decisions and DO NOT want regulators determining what is right for myself and family.
As an individual investor, I find leveraged funds essential to my long-term financial plans. While I understand that such funds can be harmful to those who do not have discipline or training to use them well, many other individual investors like me use them profitably. Please do not curtail our freedom to use leveraged or inverse funds.
This new rule will surely drive small broker dealers to leave. The regulatory burden has become too much. This new rule is impossible for the small broker dealers to manage as we don't have the resources. The regulations would harm investors by denying them access to a broad range of valuable investments that could help them achieve long-term financial goals.
Ordinary citizens need to retain rights to invest in reverse funds and leveraged funds. High wealth investors should not be given special privileges to take advantage of these investment strategies. This is one more example of economic and financial inequities that rig the system against small investors building for retirement. Pending regulatory changes that hurt small investors should be
<p>A person who processes agency transactions by communicating all orders to another firm, which then calls or electronically communicates with the contra-side of the transaction, is not involved in the execution of transactions for purposes of Rule 1032(f) and thus is not required to be Series 55 registered.<br/><br/></p>
This notification warns member firms of an ongoing phishing campaign that began on or around Oct. 9 that involves fraudulent emails purporting to be from FINRA executives, in some instances containing a PDF attachment. These emails are not from FINRA, and firms should delete them and consider blocking their domains.
TO: All NASD Members and Level 2 and Level 3 Subscribers
On Tuesday, October 15, 1985, 14 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/ NMS to 2,149. These 14 issues, which will begin trading under real-time trade reporting, are entering the NASDAQ/NMS pursuant to the Securities and Exchange Commission's criteria for voluntary
