Limit insider trader of the members of the US CONGRESS,
So they are not competing against my trade without any insider information.
Regulators should limit their activities to preventing fraud and informing the public. Otherwise let people take responsibility for their own decision-making.
As a retail investor I believe the public has the right to make informed choices to invest in leveraged funds and not to have this ability restricted.
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Executive Summary
The National Association of Securities Dealers, Inc. (NASD®) Board of Governors has approved changes to Schedule A of the NASD By-Laws affecting the Central Registration Depository (CRDSM) fee structure. The
I fall into the category of investors which this regulatory notice is aiming to protect: I am a relatively young retail investor who has chosen to invest in complicated funds on a self direct brokerage. Therefore, I feel the need to discuss my experience with complex products.
I acknowledge that these funds are more complicated than conventional products. However, complication does not mean
I do not agree with FINRA's proposed limitations on restricting MY access to leveraged and inverse funds. I am not an accredited investor, but I spend a lot of time studying and learning about market behavior, which has provided me with great insight given my employment in the finance industry. I receive precautionary information from the funds and from my brokerage constantly. I feel as
FINRA
FINRA publishes a weekly newsletter (the weekly update) containing its rule proposals and notices of rule approvals with effective dates. FINRA provides an email subscription service for the newsletter as well as other communications. FINRA also maintains a catalog of social media and RSS feeds.
FINRA CAT LLC
FINRA CAT LLC provides an RSS feed of its website updates
To whom it may concern,
I am very surprised to hear FINRA is considering restricting investors ability to trade leveraged and inverse funds.
I believe an American investor should have the right to choose how they wish to invest their money. It is helpful that brokerage firms provide information explaining the details and/or risks associated. I am capable of understanding leveraged and inverse
T2 settlement is ridiculous. There’s no reason that information can’t be gathered daily.
Let the buyer beware. It is the buyer's responsibility to inform themselves or seek help. This "permission" in a breach of personal freedom. This ain't the country club....
