FINRA Requests Comment on a Proposed Rule Set for Limited Corporate Financing Brokers
FINRA Requests Comment on Proposed Consolidated FINRA Rule Governing Discretionary Accounts and Transactions
Racquel Russell is Senior Vice President and Director of Capital Markets in FINRA’s Office of General Counsel (OGC). In this role, Ms. Russell oversees the Capital Markets Office as it develops new policy initiatives, provides counsel to the Department of Market Regulation and Transparency Services, and supports the fixed income examinations of the Member Supervision Department. She also provides
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Executive Summary
On May 11, 1995, the Securities and Exchange Commission (SEC or Commission) approved amendments to its rules that would implement two alternative methodologies proposed by the securities industry to expedite
Everyone should have the ability to invest in leveraged investments as long as they understand the risks. Placing restrictions on the small investor creates disadvantages while large institutions take advantage of opportunities. Leveraged investments as long as they are not your entire portfolio allows the small investor to maximize profits without placing large amounts of capital at risk. Please
Leveraged and Inverse funds provide an important tool in managing investments. I've utilized these funds during the past several months to hedge my exposure in a challenging market. I've been able to remain invested in strong companies that pay dividends, while reducing my exposure to a substantial loss during market corrections. These funds provide an important tool to
I do not see any good reason for FINRA to restrict an individual investor from buying leveraged and/or inversed funds. Shares of any company can go down to zero so one cannot say that one product is safer than the other. FINRA should focus only on irregularities at Broker-Dealers, Capital Acquisition Brokers and not interfere with the investment choices of individuals.
Thank you
I fully believe in the freedom of the capital markets and my choice as a participant in those markets to remain unencumbered. There have been too many instances of the elite class not allowing the everyday person to use these markets. I use leveraged products as part of my trading strategy. It helps me greatly to have these products available to me. I think the current prospectus for these
Ive invested in ProShares leveraged ETFs, particularly SSO, for so many years. These ETFs have provided a lot of flexibilities to me, and in a lot of cases, they helped reduce my investment risk as it freed up my capital and thus lowered my liquidity risk. I wouldnt simply categorize these ETFs as risky investments only because its leveraged, and thus I oppose the proposed investment limitation
Leverage is a key part of my investment strategy. Leverage can be done using options contracts, but I do not have the capital to buy the options contracts necessary to reach my goals. I am a college student investing with money that I could afford to lose, so it would be a shame if leveraged and inverse ETFs are removed so that only high net worth individuals can profit off of their insights.
