For Your Information
National Association of Securities Dealers, Inc.
April 1989
NASD Releases Interpretive Summaries Under SEC Rule 19c-4
The NASD recently made available summaries of interpretive letters issued under Securities and Exchange Commission Rule 19c-4. That rule prohibits the major securities markets from listing companies that issue securities or take other corporate actions
The Code applies to any matter submitted to mediation at FINRA.
Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008.
Renumbered from Rule 10402 and amended by SR-NASD-2007-022 eff. April 16, 2007.
Adopted by SR-NASD-2004-013 eff. Jan. 30, 2006.Selected Notices: 05-85, 08-57.
Comments: More restrictions hurt; they do not help. The market is risky, as are many things in life. It is an individuals responsibility to do due diligence before investing. Limiting investment options based on wealth, experience, or any other subjective factor is wrong. An individual, and solely that individual, should have the ability and right to make unrestricted investment decisions on
To whom it may concern: I have an MBA in Fnanace - 1984, and have been investing for the past 40 years. Your proposal to start testing investors before allowing to invest in whatever you deem risky is arbitrary, vicious ans smaks of communism! I do not need your [REDACTED] to tell me what to invest in!!!!! Leveraged and / or inverse funds are no more risky than non-inverse funds! They are
Comment Period Expires November 7, 1994
SUGGESTED ROUTING
Senior ManagementInstitutionalLegal & ComplianceSystemsTrading
Executive Summary
On September 19, 1994, the Board of Governors approved issuance of a Notice to Members soliciting comment on proposals to expand the scope of limit-order protection beyond that presently afforded by member firms to their customers in The Nasdaq
I firmly object to the measures being proposed in this rule, particularly any steps to restrict what products I am able to procure through my brokers as a private (retail) investor. My concern especially applies to the purchase of leveraged ETFs. As a private investor or trader, the onus has been and always will be on me to acquire the necessary knowledge, experience, and trading acumen to be
The current regulations on "complex securities" is adequate. FINRA and SEC doesn't need any further new regulations in complex securities. These complex securities have the same risk and volatility as buying a individual stock. Geared ETF and Inverse are for advance investor and trader. The current agreement with brokers is adequate. I studied geared and crypto trust for hundreds
Dear FINRA, If you change the rules so late in the game it's not fair. It's not fair for investors and even more so for those already invested. If investors can't buy it, how on earth am I going to sell it? I have losses so I am not even going to profit just get back where I was. Somebody got that money I paid; don't I have the right to get it back? It works both ways...you
To whom it may concern, It's undemocratic to make certain investments available only to the already wealthy. Leveraged investments should remain available to everyone, regardless of their net worth. And the same rules should apply equally, to everyone, all the time. It's not possible for regulators to care as much about my investments as I do, despite their best intentions. And nobody
Dear SEC, I'm vehemently opposed to Rule #S7-24-15, as it limits the available securities to the public which are within their right to own. As a licensed investment advisor, we already provide the expertise to our clients to explain leveraged and inverse funds as investments. Specifically, these are not recommended for every client, but can be quite useful for clients as a hedge, and should
