Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Maximum Financial Investment Group, Inc. of Southfield, MI, for violations arising out of its retail foreign currency (forex) business, as well as for repeated violations of FINRA registration and related rules.
Taking away our own investment choices and control over our investments is wholly contrary to a free market and is against the founding fathers cardinal rule of Govt interfering with our freedoms. We know the risk. We assume the risk. I study the risks intently before investing. Stop government interference in free market capitalism and our freedoms or the snake will strike
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Executive Summary
On February 8, 1995, the Securities and Exchange Commission (SEC) approved Rule 1120 of the NASD® Membership and Registration Rules which prescribes
I am fully cognizant of the risks and opportunities in investing in leveraged funds. I should retain my ability to choose my risk levels and such choices should be available to the public at large, not only large futures players. Inverse funds are a way of hedging portfolio risk - Do not make me jump through inordinate hurdles to do so or else I may consider withdrawing from US markets
TO: All NASD Members and Other Interested Persons
Attention: Direct Participation Programs Department
The NASD is publishing a letter issued by the Securities and Exchange Commission, providing interpretive advice with respect to the application of Rules 15c2-4 and 15c3-l to public and private offerings of direct participation programs. Rule 15c2-4 applies to offerings of securities being made
FINRA Reminds Firms of Sales Practice Obligations Relating to Leveraged and Inverse Exchange-Traded Funds
Dear sirs
Thank you for letting me know your consideration of leveraged ETF. I am testing an investment strategy using leveraged ETF. According to my extensive simulation, the strategy itself does not represent higher risk. But short term wise, it can fluctuate a lot. The reward is better than the market average. Therefore, the risk/ reward ratio is low.
ETF of market does not have the risk of
Comments: I've been using Leveraged and Inverse ETFs for a few years now. While there are risks involved, there are risks with investing with Non-Leveraged and Non-Inverse ETFs, and with stocks. Accepting risks is part of investing. Limiting what I can invest in would do more harm than good and limit opportunities in the market. I don't want to see access limited to Leveraged and
DO NOT RESTRICT OR OTHERWISE HINDER MY ACCESS TO LEVERAGED AND INVERSE ETFs.
I should be able to freely choose my risk tolerance as well as methods of hedging my risks and enhancing my returns. I should not be required to go through any special process to use leveraged or inverse funds. They are valuable tools in my toolbox to adjust my risk based on market conditions and portfolio.
It has been a matter of great satisfaction over the years to see how the cost have decreased and the options have increased or individuals who personally invest. Much of this has arisen as a result of competition in the markets and individual investor interest.
It saddens me to learn that the FINRA is seriously considering regulations that would reverse this trend by limiting investors through