I believe that the complexity of Leveraged ETFs is correctly matched with the current required notice and acknowledgement. Further restrictions on these products are very likely to be unfair to everyday Americans. Retail investors can and should be able to choose the level of risk and volatility that matches their investment knowledge and interest without needing to be already experienced or
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Senior Management
Legal & Compliance
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Training
*These are suggested departments only. Others may be appropriate for your firm.
REQUEST FOR COMMENTS
EXECUTIVE SUMMARY
The NASD requests comments on a proposed concept for the continuing assessment of registered
To the team at FINRA,
While I certain appreciate our regulatory system constantly looking to protect consumers and prevent fraud to ensure there is integrity in our financial system, I ask that you please avoid placing restrictions on our ability to invest. Limiting access for everyday investors (like myself) to funds like inverse or leveraged funds and only allowing those who already are
(a) Participation Requirements
(1) Only members of FINRA in good standing may participate in the FINRA/NYSE Trade Reporting Facility.
(2) Participation in the System shall be conditioned upon the initial and continuing compliance with the following requirements:
(A) execution of, and continuing compliance with, a Participant Application Agreement;
The data elements specified in Rule 7330(d) are critical to FINRA’s compilation of a transaction audit trail for regulatory purposes. As such, all member firms utilizing the trade reporting service of the System have an ongoing obligation to input 7330(d) information accurately and completely.
Adopted by SR-FINRA-2008-021 eff. Dec. 15, 2008.Selected Notice: 08-57.
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Legal & ComplianceMutual FundOperationsRegistrationTraining*These are suggested departments only. Others may be appropriate for your firm.
The Securities and Exchange Commission recently approved revisions to the Series 26 examination. The changed examination becomes effective April 1, 1992. The examination has been revised to reflect both regulatory and business
Order entry personnel are not required to register under Series 55 as equity traders based solely on the fact that they enter orders into routing systems, which send the orders to clearing firms for execution. Also, not all persons to whom equity traders report need to be Series 55 registered.<br />
As a private investor, who invests to provide an income and retirement savings for my family the FINRA should not limit my access to public investments.
- You should not restrict access to public investments to those that can pass a test that limits access to public investments.
- You should not set income or net-worth limits on access to public investments.
- You should not provide provide
I am totally opposed to the Proposed Rule #S7-24-15 for the following reasons: 1. I am a small investor that has invested in leverage funds for greater than 20 years and am quite capable of understanding the risks of using leverage funds. In fact, I find it offensive that a regulator would question my knowledge of the market by using some gimmick like passing a special test related to my
Comment Period Expires August 1, 1995
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Corporate Finance
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Syndicate
Executive Summary
The NASD® requests member comment on proposed amendments to Section 2 of Schedule E to the NASD By-Laws to amend the exception from the qualified independent underwriter requirement for offerings of securities with a bona fide independent market.
