Pursuant to the procedures set forth in Rule 6120(b), FINRA shall halt all trading otherwise than on an exchange in any NMS stock, as defined in Rule 600(b) of SEC Regulation NMS, if other major securities markets initiate market-wide trading halts in response to their rules or extraordinary market conditions or if otherwise directed by the SEC. Members must halt quoting and trading otherwise
(a) If an ADF Trading Center does not achieve certain thresholds of both its Projected Average Transaction Volume and its Certified Peak Transaction Volume in one or more categories on one or more days in a given calendar month, the following shortfall capacity usage fees will apply:
For Projected Average Transaction Volume:
Level
Percentage Shortfall
1 – 2 days
3 – 5 days
6 – 10
July 1999
Year 2000: Will Your Firm Be Compliant?
Recognizing the importance of ensuring the Year 2000 readiness of the securities industry, the Securities and Exchange Commission (SEC) has taken key steps to encourage active compliance efforts by broker/dealers. The first of these actions required broker/dealers to submit two Form BD-Y2K progress reports under Rule 17a-5 of the Securities and
Eileen Famiglietti, Vice President, Enterprise Risk Management (ERM), leads the ERM program, which provides transparency around the enterprise-level risks FINRA faces in the execution of its mission, strategic goals and key business objectives. The program helps inform FINRA's strategic planning, budgeting and resource allocation processes, as well as its decision making. She oversees the
I oppose restrictions to my right to invest. I have invested in leveraged funds for years with significant success. I am clearly a small investor and have learned about the importance of knowing when to get out of an investment of any type. If you follow your plan you can limit your losses when the market turns against the investments you have made whether leveraged or not.
To whom it may concern,
Ive been retired for 5 years. Ive also been trading leveraged funds for more than 20 years. Theyve become an important part of my financial plan.
Taking away my ability to trade these funds makes no sense in a free market country like ours.
I cant emphasize enough about how strongly I feel about this freedom.
I am 83 yrs. old and live on social security and a 700.00 pension. If I lose the rights to invest in the types of funds then there is no way I can survive the inflation. I an a very small investor and have planned so in can survive but if you eliminate these in verse funds I will probably be on welfare in the near future. These are the only way some of us have to survive. Besides not everyone
Why are regulatory busybodies thinking that I am 3 years old and need to be "protected" from myself?
I'm a grown man and can make my own decisions. I strongly resent any attempt to deprive me of this right.
My trading plan uses leveraged ETFs as a part of reducing the volatility and risk of my entire portfolio.
I insist that no changes be made to rules/regulations
I strongly oppose additional regulations on my freedom to invest in products I find suitable to my financial plans. As products that are offered to to public already have to meet many standards and regulations, adding additional restrictions limit my freedoms of choice. With increasing market volatility, investment choices should be expanded, NOT restricted. Do not approve additional
Dear Sir or Madam, I oppose any limitations on my ability to buy or sell inverse ETFs. They play a critical role in protecting my family's retirement portfolio against market volatility. Any restrictions will hinder our ability to do so and may result in reduced retirement savings which could significantly modify our plans for the future. Thank you for your consideration.