Firm Violated Reg BI, Excessively Traded, and Churned Numerous Customer Accounts, Including Those of Gold Star FamiliesWASHINGTON—FINRA announced today that it has expelled Monmouth Capital Management for churning and excessively trading customer accounts in violation of Regulation Best Interest (Reg BI), failing to supervise its representatives, and providing false and misleading disclosures to
In September 2022 I will have been retired 10 years. Leveraged ETFs have made it possible for me to continue my preretirement lifestyle while being able to be generous to my children, their spouses, grandchildren, and great-grandchildren. I have also increased my retirement savings while doing this. It would be unfair to change the rules and exclude me because I am not worth enough. Big girls and
SUGGESTED ROUTINGSenior ManagementLegal & Compliance Executive SummaryNASD Regulation, Inc., is announcing that, effective January 2, 1998, a new arbitration process fee will be assessed on members that are parties to arbitration proceedings, and on members that employ associated persons who are parties to arbitration proceedings. The fee will be imposed in two parts: a
The proposed rules will add more regulations that are not needed. As an individual investor I enjoy access to various products that can be used for any strategy I want to employ. Sometimes a strategy will involve a leveraged or inverse funds, sometimes it maybe about involving cryptocurrency, sometimes it is just about having access to a specific sector.
Before making any investment every
Any proposal to limit an investors ability to purchase inverse funds would not be well received and obviously ill-timed given market conditions. Every investment contains risk and a regulatory authority should not posses the authority to restrict an investors ability to use products such as these that can actually mitigate risk in one's overall portfolio. If such rules are implemented,
FINRA has no business involving another governmental agency in the financial markets. Why dont you spend time stopping the big banks from spoofing silver and gold prices. Now that is a real problem you could solve. I minored in Economics in college and understand the risks of leverage and inverse funds. Im currently using these types of positions for downside protection. Its an integral part of
Dear Sirs,
In regards to the proposed ban on trading the ProShares funds, which include "inverse" tracking indices, I would like to express my discontent with any regulation that limits my freedom in trading financial instruments. Public investments, including "invers funds", need to be available for the general public to trade, not just privileged people
There are many reasons this would be an abomination, but I will just go into one. Since the beginning of the NYSE, people have been fighting to democratize the market and make it accessible to all. It is in everyone's best interest that the market is accessible to all. This rule change would destroy all the work to make the financial markets accessible to all, regardless of status, race,
As an investor, I am opposed to the additional regulations proposed in Regulatory Notice 22-08 restricting access to certain complex products.
There are sufficient requirements to provide information on the behavior of these investments and more than enough regulation on broker dealers to supervise the purchase and trading of these instruments.
We cannot regulate our way to more intelligent
Dear Sir or Madam,
I am writing to you because I received a notice that I will be restricted to buy leveraged fund. I do not quite understand this decision because I am clear about what I am doing and understand the risk behind it.
Public investment should be available for everyone as long as they follow the rules and do not violate any regulations. I believe I have the rights to buy any
