cryptocurrencies ARE legitimate minus El Salvador. better than transfer services ( Western Union, Money Gram, RIA each OWE me so much (cancelled-denied-refunded by services- banks.
You want to prevent me from trading products that are too "complex" for me unless I pass a regulator-imposed test? This seems a lot like when blacks were prevented from voting unless they passed a regulator-imposed "literacy test". My response is simple: this is despicable. You should be ashamed of yourselves. Really.
"Complex" products are
I, not you regulators, should be able to make my own decision as to what investment vehicles are right for me to own. I do not need or want to go through any special process, like reading material and/or passing tests before I can invest in special public securities, like leverage and inverse funds. Besides, the timing of these leveraged funds can be critical. Then is NOT the time to have to stop
FIPS
SUGGESTED ROUTING
KEY TOPICS
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FIPS
As of May 22, 2002, the following bonds were added to the Fixed Income Pricing System (FIPSSM).
Symbol
Name
Coupon
Maturity
ENQ.GD
Amer Media Operations Inc.
10.250
05/01/09
ACVC.GA
American Achievement Corp. Ser B
11.625
01/01/07
BGG.GA
Briggs &
Each capital acquisition broker shall develop and implement a written anti-money laundering program reasonably designed to achieve and monitor its compliance with the requirements of the Bank Secrecy Act (31 U.S.C. 5311, et seq.), and the implementing regulations promulgated thereunder by the Department of the Treasury. Each capital acquisition broker's anti-money laundering program must be
I have been safely and profitably investing in a leveraged, inverse fund for years in taxed and tax-deferred accounts.and have been investing in stocks, bonds and derivatives for decades. Leveraged, inverse funds are only a small part of my investment portfolio and are an even smaller part of my net worth. I understand the risks and mitigate them by buying shares only when the risk is relatively
It is not right to limit choices of what I can invest in. Just because I am not a "professional" investor does not mean I don't understand risk. This seems like a misguided attempt to protect people from themselves that will actually result in less ability for people who are not billionaires to make money.
I am also skeptical of any tests you might give, many people
I oppose any restrictions by FINRA or any other regulatory bodies on my right to invest in publicly available investments such as leveraged and inverse funds. You couch your actions as protecting individual investors. We do not need your paternalistic [REDACTED]. Take it elsewhere. There should not be any special process, including passing a test or net worth test, or any of that crap to invest
(a) Supervisory SystemEach member shall establish and maintain a system to supervise the activities of each associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA rules. Final responsibility for proper supervision shall rest with the member. A member's supervisory system shall provide, at a minimum, for
