In times where corporate pension plans are not existent anymore and the future of social security is questionable achieving high returns in up and down markets and the possibility to hedge are becoming even more important. Leveraged funds allow for potentially higher returns after expenses in cyclical bull markets, while inverse funds can offer protection to the downside during corrections and
I use my own money for my public investments. So I should be able to choose the public investments that align with my financial planning and risk level. I therefore oppose all restrictions to my freedom.
We all need a license to drive, but that's because other people's lives depend upon our driving skills. Investing is different, because only I get affected by my investment
I want the ability to make my own decisions on what investments to make and when to make them. Timing can be everything. A "cooling off period" could miss the opportunity. You don't have to take a test to invest in the market, go to Vegas, or buy expensive cars and toys, so why single this out? Some people aren't good at tests but are capable of incredible knowledge and
I strongly oppose limiting access to public securities for the select few who pass unnecessary tests. The public is perfectly capable of reading and understanding a prospectus and the associated risks and making wise investment decisions for themselves and their families. The securities under consideration for additional regulation such as leveraged and inverse funds are a key strategy to my
November 1998
Mandatory Testing
On October 5, 1998, the National Association of Securities Dealers, Inc. (NASD®) filed a proposed rule change with the Securities and Exchange Commission (SEC) that would mandate Year 2000 testing for clearing firms, market makers, and government securities firms. The proposed rule also would strongly encourage testing between correspondent clearing firms and
WASHINGTON—FINRA’s Board of Governors met June 4-5. The Board approved two rule proposals, approved the appointments of new Advisory Committee members, met with Securities and Exchange Commission (SEC) Commissioner Mark Uyeda, and received updates on FINRA’s long-term financial planning and FINRA’s enterprise risk management and cybersecurity program.
I write to oppose any rule or regulation that limits leveraged ETF positions to one day or access to leveraged ETFs. I am a retail investor that has done a lot of research on leveraged ETFs, am comfortable with the risk, and have invested a portion of my portfolio that I am comfortable with in leveraged products and plan to hold long term. If positions were limited to a single day, I would be
For purposes of the Rule 6800 Series:(a) "Account Effective Date" means:(1) with regard to those circumstances in which an Industry Member has established a trading relationship with an institution but has not established an account with that institution:(A) when the trading relationship was established prior to commencement of Phase 2c or Phase 2d (as applicable depending on
Securities Industry/Regulatory Council on Continuing Education Issues Firm Element Advisory Update
Staff interpretation of the continuing commissions policy codified in NASD IM-2420.
