Whitepaper on Artificial Intelligence (AI) in the Securities Industry
2017 Year in Review. Topics include: BrokerCheck, Licensing Requirements, Outside Business Activities, Financial Reporting and FINRA Board and Committee Elections.
Summary
FINRA reminds member firms about requirements when using predispute arbitration agreements for customer accounts. Where member firms use mandatory arbitration clauses in their customer agreements, FINRA rules establish minimum disclosure requirements regarding the use of such clauses and prohibit predispute arbitration agreements from including conditions that, among other things, limit
TO: All NASD Members and Other Interested Persons
The Securities and Exchange Commission (SEC) has amended its net capital, recordkeeping, and quarterly securities-count rules under the Securities Exchange Act of 1934 regarding the treatment of repurchase (repo) and reverse repurchase (reverse repo) agreements entered into by registered broker-dealers.
The amendments to SEC Rule 15c3-l will
Due to increased reports related to cyber incidents occurring at FINRA member firms which have been attributed to specific threat actors, the Cyber and Analytics Unit (CAU) within FINRA’s Member Supervision Program is highlighting a recent joint Cybersecurity and Infrastructure Security Agency (CISA) and Federal Bureau of Investigation (FBI) Cybersecurity Advisory published on November 16, 2023, which may be updated as new intelligence is uncovered.
I have been trading leveraged securities for many years starting with Guggenheim Funds (previously traded as Leveraged RYDEX Funds). My success with these investments helped me finance 100% college educations of my 2 sons, all way to JD / MBA and Finance MBA. That totals to 14 years of college education. Later, I replaced RYDEX Funds with ETF (TQQQ, SOXL, QLD) to help me with my retirement
As a smaller investor (net worth <$1,000,000), I find that there is great value in being able to trade with a leveraged product. By using a leveraged product that does not require me to use personal margin, I can keep myself debt free, use a leveraged product, obtain the benefit of either rising or falling markets, and hedge long or short. I trade and focus on the S&P 500 only.
Once again, I have been Informed by ProShares that further restrictions are being considered on leveraged and inverse exchange traded funds. As I stated previously, these are among the best vehicles available in the market. I have made my living as an individual investor since February 1980. As I also stated, I have now used these vehicles for more than a decade and they have been consistently
I am infuriated about the current proposed FINRA Rule #22-08! I, not some buerocratic regulators in Washington, D.C. should decide where, when and how I invest my money. It is my money, that I have earned and that I fully am aware of the potential risks, pitfalls, benefits, and otherwise that I put myself in when I invest in any investment - traditional or otherwise. I should not need to jump
The use of this these leveraged products has allowed my account to have excellent returns over the last many years from 2008 until now. I have only used the upside 2X leverage products and received very large returns, 1500% to 3500 % returns from 2008 through 12/31/2021. Yes there is high risk in these products unless they are used properly. So, what is proper use. If the products are only
