I oppose restrictions on the public's ability to invest in complex products for numerous reasons.
1. The definition of a complex investment is vague, arbitrary, and subject to administrative change in the future. This can cause a new risk for investors who may hold these products now but may be restricted from them in the future, forcing them to sell the products.
2. Being a complex
I strongly oppose the proposed rule changes that would restrict or even block access of certain investments including leveraged and inversed funds.
The decision of choosing investment vehicles can only be made by individual investors, not a small group of regulators. To protect the interest of individual investors, the regulatory should work toward ensuring fairness by enabling equal access to
I am an individual investor who has invested for several years in a variety of securities, mutual funds and ETF's, including leveraged and inverse funds. My brokerage firm already requires me to confirm that I have read various warnings about and understand the risks of these investment vehicles. I consider them a USEFUL and CONVENIENT investment tool in a whole toolbox of investment
I would like to voice my opposition to restrictions on my right to invest in leveraged and inverse funds. I have learned that FINRA is considering limiting the public's access to leverage and inverse funds. I highly disagree with this. I should be able to choose what investments are right for me without restrictions, limitations, or extra requirements. These types of investments
Frequently asked questions and answers
TO: All NASD Members and Other Interested Persons
SUMMARY
Recently, in response to a request by the Association, the staff of the SEC's Division of Market Regulation issued a no-action letter concerning 17 C.F.R. 240.15c3-l (the "net capital rule") and 17 C.F.R. 240.15c3-3 (the "customer protection rule"). The letter provides, until December 31, 1983, a temporary
FINRA Rule 4111 (Restricted Firm Obligations) addresses risks from broker-dealers with a significant history of misconduct, including firms with a high concentration of individuals with a significant history of misconduct. The rule allows FINRA to impose new obligations on broker-dealers with significantly higher levels of risk-related disclosures than other similarly sized peers, based on
Summary
Effective September 1, 2021, FINRA is amending its rulebook to eliminate the Order Audit Trail System (OATS) rules in the FINRA Rule 7400 Series and FINRA Rule 4554 (Alternative Trading Systems — Recording and Reporting Requirements of Order and Execution Information for NMS Stocks) (collectively referred to as the “OATS Rules”). FINRA has determined that the accuracy and
Here's some good news for our nation's veterans and those who care about their welfare. The financial well-being of U.S. military veterans has improved in recent years, outpacing the gains of non-veterans, according to new research by the FINRA Investor Education Foundation. Veterans, overall, reported having less difficulty covering their expenses and bills, had a lower likelihood of experiencing an income drop and were more likely to have an emergency fund, according to the survey of more than 3,000 veterans and more than 20,000 non-veterans.
FINRA Enforcement works tirelessly on the front lines of investor protection, and this tremendous undertaking demands steadfast leadership. On this episode of FINRA Unscripted, we are reintroduced to Bill St. Louis, FINRA's new Executive Vice President and Head of Enforcement, to learn more about what's on the horizon for Enforcement in the new year.
