There are so many things wrong with this proposal:
-it discriminates against people based on income
-it's elitist
-it incorrectly assumes more financial education leads to better outcomes. Which is why the vast majority of investment firms under perform the market.
-unless this is announced to happen years ahead of time, it will cause people in these funds to be blind sided by the
I strongly disagree with the addition of any new oversight related to leveraged and particularly inverse etf's. I use them to hedge/protect my family's assets particularly in periods of heightened volatility, which is becoming increasingly frequent as the machines/algorithms have taken over trading (an area that regulators don't appear to be overly concerned with).
Im fully capable of making my own financial decisions without the need to be protected from myself by anyone ! Ive been successful all of my life without unsolicited advice. Leveraged and inverse funds help me to hedge and out perform better. Leverage funds allow me to react quickly to changing market conditions. This is a valuable tool I use and have for over twelve (12) years. The prospectuses
Most securities require the buyers to exercise due diligence. Whether a publicly traded company or ETF, each individual has the obligation to be aware of the risks.
Increased regulation will only add greater burden to brokers, which the consumer ultimately ends up paying. These leveraged funds have enhanced my trading strategies and made me a better investor. They have provided me with decent
L&I funds are used by small investors to level the playing field against large investment firms who use similar instruments to move the market in directions that are counter to publicly traded firms actual performance The idea that small investors should be prevented from using these tools while big money uses them daily to sap the market of legitimate gains is another example wrong
FINRA’s examination program plays a central role in supporting FINRA’s mission of investor protection and market integrity. A main component of this program is FINRA’s examinations of broker-dealers (“firms” or “members”) that are conducted on a regular cycle basis: each firm is examined at least once every four years, and many are examined even more frequently. In connection with each of these examinations, FINRA prepares a report—which is available only to the relevant firm—addressing certain aspects of the firm’s compliance with securities rules and regulations. Firms are required to address issues identified by FINRA, and many do so by proactively taking corrective action before FINRA concludes its exam. Through this sort of rapid remediation, firms strengthen their compliance and supervisory programs, which ultimately helps better protect investors and the integrity of the markets.
Remarks by Chairman and CEO Richard Ketchum at the FINRA Annual Conference
NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") revisions to the study outline and selection specifications for the Limited Representative - Equity Trader (Series 55) examination program. The proposed revisions update the material to reflect changes to the laws, rules and regulations covered by the examination and to better reflect the duties
NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") revisions to the study outline and selection specifications for the Limited Principal - Financial and Operations (Series 27) examination program. The proposed revisions update the material to reflect changes to the laws, rules and regulations covered by the examination and to better reflect the
These enhancements/improvements are absolutely necessary. What's currently being allowed is borderline criminal, and without proper accountability, shareholders are being placed at excessive risk. The current regulatory conditions and enforcement are clearly insufficient, leaving investors/shareholders at higher risk, thus requiring better information in order to make decisions about the
