I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST I shouldn't have to go through any special process like passing a test before I can invest in public securities,like leveraged and inverse funds. I'm capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.
1) When I first joined my firm, I emphasized a BCP that answered the question, “What happens if we lose use of our primary office for an extended period of time?” With that in mind, I encouraged our office staff—particularly our IT function—to think in terms of carrying on a regular workday from an alternative location. IT spent several years gradually building up our remote working capability.
I oppose restrictions on my right to invest in public investments. We the public should be able to choose public investments that are right for us. These should be available to all not just the privileged! We should not have to pass through any special processes like testing before we can invest !!
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I understand the risks associated with inverse and leveraged investment products. These proposed restrictions will not protect me from losing money, they will interfere with my ability to plan for my future. I should not have to pass a test before I am allowed to invest in public securities.
Im more than capable of analyzing risk and choosing what investment opportunities to pursue. Government agencies should not restrict investment opportunities or make access to them more difficult through needless testing, cooling off periods, or be forced to explain my understanding of the investment and the associated risks.
I should not be limited to make decisions for myself and family, not regulators. I should not have to pass a test and jump through government hoops to invest in public securities.Leverage and inverse funds are a hedge of other investment I have to protect overall returns. I dont need unnecessary restructures placed on my freedom to invest.
SUGGESTED ROUTING
Senior ManagementInstitutionalLegal & ComplianceOperationsSystemsTrading
Executive Summary
On June 29, 1994, the Securities and Exchange Commission (SEC) approved a new short-sale rule for Nasdaq National Market® securities traded on The Nasdaq Stock Market™ (Nasdaq). The rule takes effect September 6, 1994, for an 18-month pilot period.
The Nasdaq® short-sale rule
Prospective FINRA member firms must seek approval for new FINRA membership through the submission of a New Membership Application (NMA or Form NMA) in accordance with FINRA Rule 1013 (New Member Application and Interview). Existing FINRA member firms that are contemplating a material change in ownership, control, or business operations must submit a Continuing Membership Application (CMA or Form CMA) in accordance with FINRA Rule 1017 (Application for Approval of Change in Ownership, Control, or Business Operations). Both types of applications are reviewed by FINRA’s Membership Application Program (MAP) Group.
Rulemaking topics discussed include:
private placements,
debt research conflicts of interest,
short interest reporting,
minimum quotation sizes,
consolidated FINRA registration rules, and
replies to responses to motions in arbitration.
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.I shouldn't have to go through any special process like passing a test before I can invest in public securities like leveraged and inverse funds.
