I am a highly educated adult with decades of trading and investing experience including venture capital and angel investing. Don't pretend that your regulations are protecting me. I fully understand the risks and am prepared for potential loss. Get out of my hair and let me go make money. The leveraged investment vehicles happen to be working incredibly well for me. Freedom America, not
As a retail trader, levered and inverse funds make it easier to allocate less capital to execute trades which has been very beneficial. Additionally it allows for a simpler way to get exposure to the options market. There are plenty of disclaimers and agreements before one can purchase those instruments so there's no reason to get rid of them other than to limit the abilities of the
Putting a capital requirement on freely trading leveraged etfs just adds another barrier to entry for lower income people to enter the stock market. All brokers already clearly state the risks when people trade these products so everyone should be able to determine for themselves whether its right for them. The stock market shouldnt just be a playground for the wealthy it should be for everyone.
You do not have authority to restrict US citizens from buying and selling funds of any kind that are available on the market. If you restrict individuals purchasing funds in any way, this contradicts capitalism. Experience, training and net worth are irrelevant in regards to my ability to purchase and sell funds as I please. I am a United States citizen and I can use my purchasing power as I
I strongly urge the FINRA regulators to drop plans to restrict the use of leveraged or inverse funds. I am perfectly able to read the prospectuses and calculate the risks associated with them. There is no need to require any testing to see if investors understand how they work. These funds are very important to my long term investment planning and help me to protect my capital during periods
I oppose your proposed restrictions on Leveraged and inverse investments. I use these fund to balance my investment strategies and actually to reduce investment risk. You do not have the right to place restrictions on these investments in a free economy. Let Capitalism function properly. The failure of those who take unnecessary risks should not limit those who educate themselves on these risks.
(a) Definitions
The following terms shall, unless the context otherwise requires, have the stated meanings:
(1) Aggregate Exercise Price — The term "aggregate exercise price" means the exercise price of an option contract multiplied by the number of units of the underlying security covered by such option contract.
(2) Call — The term "call" means an option contract under
(a) Definitions
The following terms shall, unless the context otherwise requires, have the stated meanings:
(1) Aggregate Exercise Price — The term "aggregate exercise price" means the exercise price of an option contract multiplied by the number of units of the underlying security covered by such option contract.
(2) Call — The term "call" means an option contract under
Summary
FINRA has updated the form that members must use to file offering documents and information pursuant to FINRA Rules 5122 (Private Placements of Securities Issued by Members) and 5123 (Private Placements of Securities) (Filer Form). The updated Filer Form will be accessible in the FINRA Gateway beginning May 22, 2021, and includes new and updated questions that will facilitate
TO: All NASD Members and Other Interested Persons
LAST DATE FOR COMMENT: JUNE 30, 1987.
EXECUTIVE SUMMARY
The NASD requests comments on a proposed amendment to Schedule D to the NASD By-Laws that would make an issuer ineligible for initial or continued inclusion in the NASDAQ System if it issues securities or takes corporate action that would have the effect of nullifying, restricting, or
