Rule 3070
SUGGESTED ROUTING
KEY TOPICS
Legal and Compliance
Operations
Senior Management
Rule 3070
Reporting Requirements
Executive Summary
On March 3, 2003, the Securities and Exchange Commission (SEC) approved SR-NASD-2002-112, a proposal to amend NASD Rule 3070 to require members promptly to file with NASD copies of
Leveraged and inverse EFTs have an integral place in the financial markets. I often use them for hedging which reduces the risks in my portfolio. It is not the place of FINRA to take away toys from children in a kindergarten class when the children don't play properly or well with each other. I am not saying that investment and hedging products are toys, but it is possible that when used
I want to be able to choose public investments that I deem appropriate for my long term financial objectives. I believe this is my privilege which should not be restricted in any way against my will.
I have been a long term investor of leveraged index ETF, not a trader or hedger or market timer, since the inception of leveraged index ETFs. Leveraged ETFs are important to my investment strategy. A
On Friday, October 17, 2014, at 11:05:06 a.m. ET, the Financial Industry Regulatory Authority, Inc. (FINRA) halted quoting and trading in all OTC equity securities pursuant to FINRA Rule 6440(a)(3).
To FINRA or To Whom It May Concern:
I have been having freedom on my own investments for a decade, and want to maintain my current freedom to invest in public securities of my choosing. As an American citizen, I/anyone should be able to choose the public investments that are right for us! I am grateful that the freedom of the exchange-traded funds that empower me and my family to pursue our
An average American who chooses to invest in equities is competent and capable of understanding the various forms of investments and the related risk. Being able to invest in leveraged equities is a crucial part of both traditional investing as well as hedging strategies that are ABSOLUTELY ABLE TO BE EMPLOYED WELL by average people. Reducing the number of potential investments and investment
In my opinion, investors should have the right to decide which public equities, bonds, ETF's and mutual funds they want to buy. The FINRA plan puts this right on the government and regulators, not us. This eliminates our right to decide what is best for me.
Although it is too early to tell, we might be experiencing a major shift in the markets. Let me explain. For the last 40 years
Why is my right take away to invest in index leveraged, important sectors leveraged products ? I strongly oppose it , and dont want my access to be taken away
If that is the case the options should be restricted and closed to 85 % of general public too, bcoz they bring higher losses in portfolios .
Do you know the very very high fat volatility premiums on top of regular cost of the options
I have been managing my own investments for 35 years. I was trained at the graduate level to do this, but was never employed in the financial services industry.
Leveraged and inverse, open and closed funds, are useful instruments. In appropriate circumstances, I use these instruments. They are especially helpful for generating routine income (in retirement) and setting up hedges.
Not
This proposal is an egregious regulatory overstep on the part of FINRA.
a) This is antithetical to American values of freedom and equality. Letting some access these products while presumptuously assuming that those without multi-millions don't have the knowledge or sophistication to use these products is incorrect and frankly and embarrassing stance for FINRA to take.
b) Complex and
