WASHINGTON - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Southwest Securities, Inc., of Dallas, $650,000 for deficiencies in due diligence, risk assessment and written supervisory procedures that permitted one of its correspondent firms, Cutler Securities, to create risk for Southwest through improper short sales.
The US Constitution guarantees Americans the right to life, liberty and property. That means Americans have the right to spend or invest their hard-earned after-tax income (property) however they see fit, as long as they do not violate the equal rights of other people. It is not possible to violate the rights of other people by voluntarily buying and selling from them. As a result, American
I don’t know a ton about finance or the stock market. I know less about options and derivatives (I did watch a PBS program about Brooksley Born once) and that is all I really knew on the matter. But I’m learning more every day and the more I learn the more I’m convinced that there is perhaps something rotten in the DTCC, SEC and FINRA… to name a few. It seems financial regulators refuse to do
WASHINGTON — Four firms have been censured and fined a total of $4.75 million for violations of various provisions of Rule 15c3-5 of the Securities Exchange Act of 1934 (known as the Market Access Rule) and related exchange supervisory rules. The actions were taken by the Financial Industry Regulatory Authority (FINRA), along with Bats, a CBOE Holdings company; The NASDAQ Stock Market LLC; the
I am a simple accountant from Long Island, NY. I have been investing in inverse ETF's for 13 years. In 2009 I left a low paying job as a tax auditor for the Pennsylvania Department of Revenue. They cashed out my accrued pension benefits, which were worth $6,500. I deposited this money into a traditional IRA rollover account with a broker in February 2009. I invested 20% of the
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NASD Regulation, Inc. (NASD RegulationSM) requests comment on two proposed rules, National Association of Securities Dealers, Inc. (NASD®) Rules 2315 and 2350, which would require members to review current issuer
I should be able to choose public investments that are right for me, and these investments should be available to all of the public. I should not have to go through a special process or test to invest in inverse and leveraged funds. I understand their risks well - information on them is widely available. Leveraged and inverse funds are an important part of my investing approach, allowing me to
I use levered and inverse funds on a regular basis in my portfolios. They are easy to understand and are a critical tool in managing my portfolio risk. I am retired and not interested in taking on risk that could result in a large drawdown. These tools help me reduce risk, they do not elevate my risk. My alternative would be utilizing options, which are more levered and risky that levered and
I am an individual investor and use leveraged investments as part of my investment strategy. I have not found them to present risks that jeopardize my investments when managed properly in proportion and with balance to my other investments. They play an important part in my overall portfolio strategy balancing risk and reward. I fully understand and manage the risks they present as well as any
I am opposed to FINRA Regulatory notice # 22-08.
The decision for such investments should lie between a broker and an investor, akin to the relationship between a doctor and patient.
If additional investment risk information is needed, FINRA should promulgate it. I am and have been capable of understanding the investment risk with these investments for some time. I do not need the consequences