As a relatively sophisticated inventor, well versed on the risks of investments, I see this rule does not benefit me - but restricts the way I can invest
These products are very valuable to my personal investing and hedging. I know the risks very well as a former RIA. Please leave these products.
The Rules shall be interpreted in light of the purposes sought to be achieved by the Rules and to further FINRA's regulatory programs.
Cross Reference–
Resolution under Article XI, Section 1, of the By-Laws: Interpretations and Explanations
Amended by SR-FINRA-2008-026 eff. Dec. 15, 2008.Selected Notice: 08-57.
On behalf of NASD, I would like to thank Chairman Sarbanes, Ranking Member Gramm, and the members of the Senate Banking Committee for this opportunity to testify.
SummaryAn efficient capital raising process fosters business expansion, job creation and economic growth. FINRA members play an important role in facilitating capital formation for businesses of all sizes. FINRA promotes the capital raising process through appropriately tailored rules for its members that are designed to promote transparency and to establish important standards of conduct for the
Leveraged ETFS can be an effective part of a well thought out strategy. Investors who choose to invest in them know the risks and rewards.
Everyone or no one. Complex strategies should not be limited the domain of the well connected and or large banking firms, while restricting access to the general population.
Think its, a fantastic program,if were getting rid of this might as well get rid of the stock market freedom is the ability to make choices,
FINRA Requests Comment on Proposed Consolidated FINRA Rule Governing Reporting Requirements; Comment Period Expired: January 16, 2009
I want to be able to buy them when I want. I am savy investor. If you sell me out now I will lose a lot a well.
