To whom it may concern, In regards to your proposed rule, I am fully capable of understanding leveraged and inverse funds and their performance characteristics, and I dont want a third party evaluating my capability to do so and potentially preventing me from buying them. I want to state that leveraged and inverse funds are important to me, as they allow me to seek enhanced returns and help me
I appose rule #S7-24-15. I have been using leveraged and inverse ETFs as part of my investment strategy for years. They are vital as a hedge against long positions during market downturns, or to enhance returns when the markets are moving higher. They are a critical tool, and are used sparingly. There is no reason why only High Net Worth individuals should have access to these instruments. There
I have been investing in leveraged and inversed funds, as one of my strategies, for over twenty years and have a very good understanding of my investments. Now, with your proposed rule, you are taking away my freedom to select how I invest in a well respected investment selection. If you want to control, which you seem to want to do, go after crypto, because it is going to cost investors big time
I oppose rule #S7-24-15 as it should be up to the public, not regulators to decide what investments suit them and their risk tolerance. We are capable of understanding leveraged funds and their risks, and regulators do not need to impose processes that treat us as though we are incapable. I use leveraged funds as a small percentage of my portfolio to introduce additional limited risk that has the
SEC Approves Rule Change Creating New Limited Representative – Investment Banker Registration Category and Series 79 Investment Banking Exam
This is a reminder, that beginning Monday, August 3, 2020, as described in Regulatory Notice 19-30, members are required to begin to report transactions in U.S. Treasury Securities executed to hedge a List or Fixed Offering Price Transaction or a Takedown Transaction (as defined in FINRA Rule 6710) with an appropriate identifier.
Please contact FINRA Product
SEC Approves New Interpretive Material That Authorizes FINRA to Establish a Temporary Program to Allow Firms to Voluntarily Remit Accumulated Funds; Reminder Concerning Proper Disclosure of the Section 3 Fee
FINRA announced today that it has appointed Bill St. Louis as Head of Enforcement, effective immediately. St. Louis, an Executive Vice President, was most recently head of FINRA’s National Cause and Financial Crimes Detection Program (NCFC). St. Louis will be responsible for the management of approximately 350 enforcement staff in 11 offices across the United States and will report directly to FINRA President and CEO Robert Cook.
NASD Rule 2420 - Dealing with Non-Members
No member or person associated with a member shall interfere with a customer's request to transfer his or her account in connection with the change in employment of the customer's registered representative where the account is not subject to any lien for monies owed by the customer or other bona fide claim. Prohibited interference includes, but is not limited to, seeking a judicial
