Restricting retail investors' access to complex financial products reproduces an elite class of investors who can play by different rules than the average Joe. The proposed regulations seek to means-test and require convoluted checks which inherently restrict access to and mitigate the accessibility of smaller investors like myself to financial products that are an integral part of my
<p>Use of Modified Corporate Name</p>
Beginning Monday, November 6, 2023, FINRA will require firms to report transactions in U.S. dollar-denominated foreign sovereign debt securities to TRACE.
I am a 40 year old CFA Charterholder, investing for my own portfolio. I am shocked and disturbed to hear that investing in and/or trading certain products will be contingent upon certain criteria. I am investing my own capital, and feel it is against my rights to be told what I can and cannot invest in. Furthermore, I have completed extensive exams within the financial space, as well as worked
In 2021, considerable industry, and in some cases public, attention was focused on topics that FINRA also addressed through its exam and risk monitoring program. These topics include newer SEC Rules (e.g., Regulation Best Interest (Reg BI), Form CRS, amendments to Rule 606), recent increases in the number and sophistication of cybersecurity threats, and the proliferation of securities trading
Our compliance tools come in many forms, including templates, checklists and directories. These optional tools may assist member firms with:Fulfilling their regulatory obligations;Implementing written supervisory procedures (WSPs); andTailoring their policies and procedures to reflect their size, business model and regulatory needs.Using these tools does not guarantee compliance with, or create
I strongly oppose any restrictions on my right to invest in public investments. I believe it is my right to make investment decisions that are right for me and my family without regulators getting involved in those investment decisions. I know what is best for me, and I believe it is very presumptuous to assume a regulator is more concerned about my well-being and investment decisions than I am
On November 5th, 2022, FINRA will be modifying the Statistics data on the OTC Transparency Data website to enhance the amount of information that is available to its users. Currently, there are two Statistics tabs, one each for ATS and Non-ATS data. Each tab contains aggregated share and trade counts for CTA, UTP and OTCE securities. Moving forward, the two tabs will be combined into one and will
I oppose having restrictions placed on leveraged ETF;s for the following reasons: 1. There are many individual securities (stocks and funds) that are more volatile than leveraged ETFs 2, Volatility is not risk and more meaningful is the trend of its moving average. e. Volatility provide investors an opportunity to achieve their objective in a shorter time period. Rather than impose restrictions
Leveraged and inverse funds should be available to everyone, not just the privileged. We started buying leveraged and inverse funds in 2011 and over the course of the last 11 years, we have continued to invest more in those funds as we've seen our best returns from these investments. They have also gone down in value but we do not sell when it's down. Leveraged and inverse
