FINRA Encourages Firms to Notify FINRA if They Engage in Activities Related to Digital Assets
Changes to Qualification Examination Fees and New Service Charge for Regulatory Element Continuing Education Sessions Taken Outside the United States
Overview – The following is a guide to assist applicants as they prepare and submit information and documentation for FINRA Form New Member Application (NMA) or Form Continuing Member Application (CMA) regarding new private placement business. This checklist is designed to help applicants provide basic information FINRA staff may ask them to submit in order to begin a meaningful review and to aid
To limit leveraged ETF funds to the Wall Street elite and the very wealthy would be inequitable. This would be one more step toward the economic equality in this country that has manifested over the past four decades. To have one set of rules for the rich and another for the middle class and lower class limits opportunity to invest and the chance to improve one's financial station in
I am an individual investor and I have been taking advantage of leveraged ETFs for some time. I limit use of leveraged ETF to one of the 3 major stock market indexes, where my portfolio has diversification. I understand leveraged ETFs may be volatile, but theres a lot of individual securities that are more volatile. Regulators should not place more restrictive rules on leveraged ETFs. All
This appears to be a veiled attempt to disenfranchise retail investors to the benefit of institutional investing teams and financial managers. Even if that was not the intent, these proposed rules will have that effect. I object to being denied access to investment products others are allowed to access, regardless of the reason. If there are 'complex products' that are so
I am a buy and hold investor. I might make 2 or 3 trades each year. I don't see any reason why I shouldn't be able to invest in leveraged funds with money I can afford to lose. I am 92 and have been investing for over 70 years. One learns much quicker from their mistakes than from government rules. I also started with nothing, now I am considered wealthy. I probably would
This proposed rule is a bad idea. Making any investments is inherently risky - even the "blue chip" stocks have periods when they don't do well. Some people have a higher tolerance for risky investments than others. If they are willing to take the risks involved in buying into an investment, and they have the wherewithal to afford it, they should not be limited.
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Comments:
I have been investing in the stock market for almost 39 years including 29 years working as a financial advisor.
I have traded leveraged and inverse ETFs
in my own account and understand the risks of same. Fidelity has provided ample warnings of the risks associated with these
Instruments. I would be supportive of FINRA efforts to protect investors for whom these ETFs would be
While I appreciate FINRAs attempt to protect investors from the Martha Stewarts and Michael Millikans of the world I would remind you I am an adult. I made the money and I chose to invest it how I want and I am offended that an institution of regulation would choose to shackle the people its meant to serve to financial servitude of large institutions and limit our freedom of choice to a pre
