To Reader, As a retail investor that actively manages their own portfolio: - I use leveraged ETF's to hedge against and gain exposure to volatility in the markets as a way of running a long/short portfolio. - I understand that these products are not meant as long-term holding devices and are to be strategically applied depending on market conditions. - Limiting my ability to use these ETFs
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On December 23, 1993, the Securities and Exchange Commission (SEC) issued an order approving amendments to the Rules of Practice and Procedure for the Small Order Execution System (SOESSM). The new rules prohibit short sales in SOES; reduce the largest eligible SOES order
FINRA Rule 5123(a) requires firms that sell a private placement to file a copy of any offering document with FINRA within 15 calendar days of the first sale, subject to certain exemptions. FINRA Rule 5122(b)(2) requires firms that sell a private placement of unregistered securities issued by a member or a control entity to file a copy of any offering document
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The TRACE System is being enhanced to accept reports of transactions in TRACE-eligible securities in cases where the execution
I have heard that FINRA is seeking to put restrictions on investors, particularly individual investors, from buying into inverse funds or leveraged funds. I am an individual investor and having been using leveraged and inverse funds for more than 10 years. I am quite capable of doing my own research and understanding the risks. In the current market environment using these types of funds is a
It is NOT FINRA's obligation to protect investors from themselves. It is the obligation of FINRA to oversee registered firms and registered representatives. If FINRA wishes to take action, it should not be burdensome to the individual investor. FINRA appears to be targeting the informed self-directed investor who understands the risks associated with leveraged and inverse funds, which are
Dear FINRA Regulators, I write to express my objection to proposed Rule #S7-24-15. I should not have to be a member of an elite privileged group to use public investments like leveraged and inverse funds. These investment vehicles have been an integral, but limited part of my hedged portfolio. Depriving me of that choice does not reduce my risk but increases it. I have used leveraged and inverse
Regulators should not be in the business of limiting our ability to invest. There are already so many rules that hurt the "little guy." This is not a good move. You should not limit people's abilities to trade leveraged or inverse ETF's. Inverse ETF's, for example, are invaluable in market downturns. Forcing smaller investors to just eat the loss of an economic downturn
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Comment Period Expires August 15, 2001
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NASD Regulation, Inc. (NASD RegulationSM) requests comment from National
Supplemental FOCUS Filing Requirement Applicable to Certain Joint Broker-Dealers/Futures Commission Merchants
