Your Proposed Rule #S7--24-15 is a flagrant and unwarranted intrusion on the rights of individuals to invest as they chose. Who gives you the right to decide what instruments people can invest in? Peoples' freedom to invest as they chose should not be compromised by a self-appointed body of regulators who are overstepping their boundaries. As long as one educates his/herself on what they
Comments: As someone with the CFA designation that uses triple leveraged funds for their personal investment strategy, I do not feel that this rule should be passed. In economic downturns line were are experiencing, the use of triple leverage funds can be extremely advantageous for investors that understand the risks associated with such investments and track their investment performance.
The only change that should be made if any is that one should be ablento take a test or quick quiz that proves knowledge of these products and then also sign an acknowledgement and the same should be done for the PDT rule. One is kidding themselves if they think changes here will protect anyone as that would imply that the regulatory body has the right to save people from themselves. They don
I am very concerned about the potential for regulatory over reach in controlling the management of personal portfolios, particularly hedging opportunities presented by leveraged ETFs. I object to new rules. Margin requirement management by brokers is most effective. Do not become a nanny state. No value in that, except for ineffective bureaucracies. I am retired but worked in the industry for my
Inverse and leveraged securities are critical to an investor's ability to hedge portfolios and/or have an opportunity to make money in down or volatile markets, such as the one we are in right now. Without these ETFs, the only options we have for hedging are buying puts or short selling, which is infinitely more dangerous to the retail trader than owning an inverse/leveraged fund. By taking
Hello, I am a retail investor. I am one of many individual investors who lives month to month. I am a 100% disabled veteran and Ive been invested since the moment I got my disability. I mostly trade inverse and leveraged ETFs and ETNs. Since I began trading in 2020, I have made almost 300% returns. I am a traditional buy and hold investor. I know these investment vehicles are supposed to be in
During the period a registered representative is inactive for failure to complete the Regulatory Element, a member may pay the registered representative fees or commissions earned by the representative prior to the period of inactivity unless the member has a policy that prohibits it. However, a member may not pay the inactive registered representative commissions on securities sales that occur during the period that the registered representative is inactive.
TO: All NASD Members and Other Interested Persons
It has come to the NASD's attention that some members are engaging in a practice with regard to settling customer complaints that may involve violations of Article III, Section 1 and Article IV, Section 5 of the NASD Rules of Fair Practice. The staffs of several NASD district offices have encountered difficulties in investigating potential
I object to Rule #S7-24-15 which would restrict my ability to make investment decisions for myself. It is totally unreasonable to suggest I take a regulatory test, when I just recently read Proshare materials, purchased some inverse products and have been watching those investments daily, as they suggested. For what reason should my freedoms now be restricted? How much more regulation does the
Effective February 1, 2008, FINRA is expanding the class of entities permitted to use the delta hedging exemption to include other broker-dealers and certain financial institutions. NASD Rule 2860, as amended, is set forth in Attachment A to this Notice.
