My feeling is that leveraged and inverse securities are very risky but the disclosures of risks are currently adequate. My broker requires a permission to trade them and only gives permission after risk disclosures are made. At some point, individual responsibility should be the focus. When used properly,,leveraged and inverse securities are very useful investment strategies and I would not favor additional restrictions imposed on their use. In fact, they are much more cost-effective than other methods of hedging for some strategies. They are tools for investors to use, and they are indeed quite useful. Thank you for being concerned about my welfare, I really appreciate that concern, but I don't think you need to do anything more regarding the requirements to trade these securities.
For the Public
FINRA DATA
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
FINPRO
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
FINRA GATEWAY
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
For Case Participants
DR PORTAL
Arbitration and mediation case participants and FINRA neutrals can view case information and submit documents through this Dispute Resolution Portal.
Need Help? | Check System Status
Log In to other FINRA systems
John Knighten Comment On Regulatory Notice 22-08
My feeling is that leveraged and inverse securities are very risky but the disclosures of risks are currently adequate. My broker requires a permission to trade them and only gives permission after risk disclosures are made. At some point, individual responsibility should be the focus. When used properly,,leveraged and inverse securities are very useful investment strategies and I would not favor additional restrictions imposed on their use. In fact, they are much more cost-effective than other methods of hedging for some strategies. They are tools for investors to use, and they are indeed quite useful. Thank you for being concerned about my welfare, I really appreciate that concern, but I don't think you need to do anything more regarding the requirements to trade these securities.