Establishing "firewalls" that prevent the execution of short sales in securities not on a member's "Easy to Borrow" list would be consistent with Rule 3370(b). A member that only conducts a review after a short sale order has been executed to ensure that the security is on the "Easy to Borrow" list would not be in compliance with Rule 3370(b).
NASD Notice of Meeting and Proxy
Dear FINRA Regulators,
I am a small investor who took an interest in ETF investments back in 2008, when a severe drop in the market had affected a great many people. At that time I reasoned that having the ability to engage the market in both directions, UP or DOWN, would be a critical component of my investment strategy. Since then I have employed both conservative and less risk-adverse
Dear Regulators and to whom it may concern.
Owning and managing leveraged funds like pro shares ETFs since 2007, I understand how they work and react with market trends and am fully aware of any risks, as it is explicitly explained with no discretion from those companies and by the nature of those types of ETFs. I should be able to chose if I buy them or sell them as a regular investor, with no
Rule 2260
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance Operations Senior Management
Designated Investment Adviser Definition Rule Modernization Rule 2260
Executive Summary
Rule 2260 requires member firms to forward proxy material, annual reports, information statements, and other material sent to security holders, the beneficial owner, or the beneficial owner
It is an outrage that FINRA is considering limiting these powerful wealth building tools for non-high-net worth individuals. Leveraged Funds have provided some of the most attractive returns over the past ten years, and will almost certainly continue to provide attractive returns as long as global capital markets continue their long bull runs.
These tools maybe be incorrectly used by uneducated,
Dear FINRA, 5-6-22
I am a private investor who has been investing in the markets for the last 40 years, and have been successful using inverse funds, to include SH, PSQ, DOG to hedge against volatility, and frequent downturns in the markets. I do not think any regulator will be able to know more than I do about my own families personal financial situation. Passing a test first, seems
I am deeply disturbed by the proposed regulation limiting access to leveraged and inverse ETFs (which are publicly-traded securities) to those with high net worth who pass a specialized regulatory exam and then jump through a series of administrative and timing-related hoops.
Leveraged and inverse ETFs are one of the few methods that the little guy has in order to protect his or her investments
Hello, In regards to the Regulatory Notice issued by the Financial Industry Regulatory Authority (FINRA) on March 8, 2022, I would like to express my concern as to the potential limits this rule will impose on some investors for buying and selling of the leveraged and inverse funds or other products deemed to be complex in nature. I regularly use these products as a focal point of my trading
GUIDANCEShort Sale RequirementsSUGGESTED ROUTINGKEY TOPICSInternal AuditLegal & ComplianceOperationsRegistered RepresentativesSenior ManagementSystemsTradingTrainingOATSRule 3110Rule 3210Rule 3350Rule 3370Rule 11830Rules 6950–6957Short SalesExecutive SummaryOn June 23, 2004, the Securities and Exchange Commission (SEC) adopted certain provisions of a new short sale regulation, designated
