TO: All NASD Members
The Securities and Exchange Commission has approved amendments to Article III, Section 28 of the Association's Rules of Fair Practice and the amendments are hereby declared effective as of May 1, 1983. These amendments were previously approved by the Association's Board of Governors and by a vote of the membership.
Section 28 addresses the responsibilities of
Proposed Rule Change to Adopt the Selection Specifications and Study Outline for the Operations Professional (“Series 99”) Examination Program
Proposed Rule Change to Delay the Implementation Date of SR-FINRA-2011-019
Proposed Rule Change Relating to the Handling of Stop and Stop Limit Orders
To whom it may concern, Id like to make my voice heard regarding notice #22-08. Ive been investing for something like 25 years and started using leveraged ETFs since before the " great recession " of 2008, using them with regards to the major indexes. In that time I have never had a problem and the ETFs I used did exactly what they were advertised to do in both up and down markets.
I found it very alarming to hear that FINRA is considering restricting access to leveraged ETFs. It is very concerning to hear that regulators believe private investors are incapable of understanding the risks associated with a leveraged asset like the ones that I utilize in my investment strategy. These investments undoubtably are more complex than an individual stock, but it is my belief that
Investments in leveraged ETFs gave me the ability to sustain my family in times of our tumultuous economy. I would not have access to them had they been over zealously gatekept by over-regulation. I can only assume that in your position you are hoping to protect the public from investing in securities they do not fully understand or you feel is potentially exploitive. Perhaps issuers of
Hello,
I'd like to speak up about this proposed regulation concerning inverse and leveraged funds. As an individual investor, without a high net worth, I'd like to say that I'm perfectly capable of assessing investment risk and am aware of the opportunities, advantages and disadvantages of leveraged and inverse funds. I don't need a regulator to tell me what I
I have been investing on my own for most of my adult life through a process that uses all means available to learn about the best methods and options to secure my family's future.
Investing is always risky, markets do not always continue to go up. However, through the use of leveraged funds I have an opportunity to boost my results above typical market returns while taking into
FINRA,
I have been trading in the stock market for decades. I hope you would agree that cash is a position if you are investing in the stock market. Sometimes, like now in the current market, a large cash position may be advantageous to maintaining ones wealth.
Likewise, the use of leveraged ETFs in certain sectors or even inverse or leveraged inverse ETFs in other sectors could be positions as
