Investments have many safeguards to prevent individuals from investing in products they don't understand. These range from a formal prospectus all the way to a (highly) informal google search (which will readily enumerate the risks involved in investing in leveraged ETFs. That information is easily accessible to anyone who might choose to invest in these products. As a result, regulating
Regulators, I oppose restrictions on my right to invest in public investments. I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of
I've recently become aware that FINRA is considering implementing restrictions on my ability to invest in leveraged ETFs and/or inverse ETFs. I want to advise you of my opposition to these measures as being unnecessary. I am fully aware of the risks involved as they are already highlighted by my brokerage firm and disclosed by the funds in the prospectus. I recognize that these are not
This proposed rule is yet another misguided attempt to "protect" retail investors, while all it would do is limit retail investors options and increase the public's distrust towards institutional investors. While leveraged funds do experience greater volatility (and in turn risk), they are relatively easy to understand and give retail investors easier exposure to leverage than
I not regulators should be able to pick the investments that are right for me and my investment strategies. This is another regulatory overreach that serves the institutions and not the public, it should never be accepted. I do not need to be patronized by FINRA or any government institution on how I invest. It is those same dumb and shortsighted limitations that are driving social security into
A Changing Industry – A Changing FINRA
Good morning, and thank you Chip [Jones, FINRA’s Head of Member Relations and Education]. We all owe a debt of gratitude to Chip and his fantastic team for once again organizing an excellent conference, including more than 50 expert panel discussions that will help us better protect and serve investors.
I look forward to the honor of welcoming our keynote
How much do the $'s spent by Americans on sports betting or lotteries help produce a cleaner/greener energy America? Those $'s are better spent on ERX ($58/sh) & ERY ($5/sh). ERX is the Energy Bull 3x ETF & ERY the Energy Bear 3x ETF. Will over 90% of that energy coming from fossil fuels, money spent on ERY is like investing in green energy. The Ukraine War has led to
SUGGESTED ROUTING*
Senior Management Corporate FinanceLegal & ComplianceOperationsTradingTraining
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
Congress passed the Insider Trading and Securities Fraud Enforcement Act of 1988, which became effective on November 19, 1988, and augments enforcement of the securities laws, particularly
FINRA issues this publication to assist member firms in their compliance efforts. As in past years, this edition highlights examination priorities and frequently found deficiencies relating to FINRA's examination program.
When it comes to the death of a brokerage account holder, many firms have trained staff and resources to help the living manage estate matters. Once a firm has been notified of the death of an account holder, here are some things you can expect.
