Exemption Reporting Under SEA Rule 15c3-3(k) - Frequently Asked Questions
FINRA and the SEC Issue Joint Guidance on Effective Policies and Procedures for Broker-Dealer Branch Inspections
<p>The applicability of NASD Rule 3040 to situations in which associated persons are proposing to receive selling compensation.<br/></p>
Industry Governor (Floor Member)President and Co-Head, Merrill Wealth ManagementGovernor Since 2024Committees: Nominating & Governance Committee, Regulatory Policy CommitteeProfessional ExperienceMerrill LynchPresident and Co-Head, Merrill Wealth Management (2023 – Present)Managing Director (2007 – 2010 and 2014 – 2023)Director, Vice President (1994 – 2007)
I am absolutely opposed. This type of classism will further promote the growing disparity within our nation. It is the antithesis of equality and cements the fast growing perception that America is a land without opportunity. There should not be a list of requirements to complete before having the ability to access investments in private securities.
The course of action proposed is starkly
I have used leveraged funds as powerful tools to hedge my portfolio and take advantage of certain periods in the market. In fact, I saved for my house down payment using a leveraged ETF and Im pretty sure its the only way I would have afforded a down payment as a first time homebuyer.
I think its already ridiculous small investors like myself cant invest in private companies just because were
Go ahead and regulate whether I'm smart enough to invest my own money. Take away the inverse ETF's and leveraged funds, but please let me have access to insider trading like the rest of you crooked politicians. Or maybe just send the rest of us every day Americans to prison like you did to Martha Stewart. OR you can let legislation pass that allows us to take our social security
I resent the thought that I cannot choose for myself what investment products work best for me. And I find it insulting, manipulative and corrupt that only those with privilege (high net worth investors) would be allowed to use these trading vehicles. I use these types of vehicles to hedge positions as well as to take advantage of down movements, since I can not use options in my IRA account. I
Sophisticated investor rules are outdated in the age of the internet. I have multiple degrees related to investment and financial analysis. Under the Sophisticated investor rules I cant invest in certain opportunities, and now you want to expand that? Excluding the average American from any investment opportunity does nothing but ensure that those who are already wealthy will continue to gain
Who does the government think they are to determine what public investments I as an individual Im allowed to make? All investments have been vetted by regulatory commissions and are valid, legal, investment instruments that have been made available for decades. The idea that you would impose conditions upon which a private individual can make an investment is essentially communism and entirely
