SEC Approves Amendment To Section 65 Of Uniform Practice Code
On November 30, 1994, the SEC approved an amendment to Section 65 of the Uniform Practice Code relating to customer account transfers. The NASD filed the amendments along with other amendments to the NASD's rules designed to implement the SEC's mandate to move to T+3 settlement of securities transactions. Although the SEC
As a good father would not neglect nor punish the reservations and protective nature of his childs small, worthless, yet invaluable collection of odd, incongruent, and disassociated toysneither should a person in financial authority govern over those with less money, less experience, less intelligence, or be given the power to reign over them with unwelcome, hostile regulation and impingement
This is about my choice to invest the way I want to.
I've been managing my own investments since 2005. I know what risks I can take.
I use leverage in my current investments. Margin trading, currencies, options, ETF's, etc.
I have a very good broker that acts like a filter when I make an investment. We discuss ideas, my investing rules and the risks in the investment before
FINRA and other government regulators should never consider limiting regular people's right to invest their wealth in whatever way we see fit. All these regulations just keep people from being able to invest at full capacity and prevent them from making money. People should educate themselves about ETF's and leveraged funds but can use them successfully as I do to hedge in a
I was Chairman of a Panel. At the Pretrial Hearing Claimant asked for an an Expedited Hearing as his client was elderly and ill. The attorneys had first been asked if the Panel , as constituted was satisfactory and t]both counsel agreed it was. The panel requested an expedited hearing and Respondent counsel advised they were too busy and not available. As Chairman i advised that an expedited
The Reasonable Diligence for Private Placements section of the 2018 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
I oppose the proposed rule changes from FINRA that may prevent or restrict investors from buying a broad range of public securities designated as complex products.
I believe that while consumer protection is key, the overarching trend of the past 20 years has been towards greater consumer choice in their investment options. Although this has at times led to deviations from what one may argue is
Although it might be good intention to enforce more rules and regulation for leveraged and inverse ETFs. The enforcement could create unfair conditions for investors. Leveraged and inverse ETFs might have their own unique characteristics. But once put on the market and traded freely by market participants, the market force will help regulate behaviors of investors. All investments have risk. And
I oppose the proposed rule regarding increased restrictions on trading certain funds / securities. I, and other members of the public, am capable of making investment decisions and can suitably analyze the benefits / drawbacks to various investments. Taking risks is a fundamental part of the human experience, and placing further limits on the kinds of people who can trade certain products will
I am an individual investor who utilizes leveraged ETFs to get leverage with investing. For the small portion of my portfolio that I dedicate to leveraged ETFs, they are an excellent source of taking on a little more risk with a small amount of capital. As long as people are aware of the potential risks with leveraged ETFs like huge drawdowns and fund closures, I think there shouldn't be
