Series 7 registered representatives are not required to register under Series 55 as equity traders based solely on the fact that they perform the clerical function of entering customer phone orders into the same routing system that customers could use to enter orders electronically. The Series 7 representatives, under the facts described in the letter, would not provide any advice to the customers, including advice on possible paths or methods of execution.
The idea of a "fair" market is completely a figment of peoples imagination at this point. The corruption and "loop holes" that exist to allow the Rich to continue to get rich off the backs of the working average citizen is sickening. The stock market and corruption is rampant amongst banks, hedge funds, market makers, and politicians and government departments. The "
I am writing to state my opposition to any new rules (Notice #22-08) which would restrict my ability as an individual investor to use many of the investment products available, including leveraged and inverse investment products. I believe that the job of FINRA should be to assure us that the products are soundly constructed and to insure that the risks associated with their use are adequately
I found it very alarming to hear that FINRA is considering restricting access to leveraged ETFs. It is very concerning to hear that regulators believe private investors are incapable of understanding the risks associated with a leveraged asset like the ones that I utilize in my investment strategy. These investments undoubtably are more complex than an individual stock, but it is my belief that
Members of FINRA,
Leveraged and inverse ETFs are of great importance to me
and I strongly object to any new restrictions on the usage of these investment vehicles.
I presume that the potential new rules are motivated by the beliefs that 1) these funds are excessively risky and 2) without the new rules, investors will not understand the risks. I dispute both premises. The risks are already
On behalf of our family and relatives we would like to state that leveraged and inverse funds are very important part of our investment portfolio. In particular we use leveraged inverse funds as Hedge against long positions in hi-tech Nasdaq stocks. By prohibiting or overly regulating Leveraged Inverse funds, or creating other barriers, you as regulator will take away our ability to protect our
This is yet another example of regulation overreach, and as always, it will hurt worst the people who are already most disadvantaged. Ill keep investing as I want. I have a high net worth, and Ill pass your tests. Im motivated, educated, and investment savvy. I can continue to get 2-3% more per year through my judicious use of leveraged funds, which when compounded over decades makes an enormous
We, retail investors, should have the freedom to choose the right public investment tools. Some people's losses should not limit other people's usage, and our ordinary investors should not be punished accordingly. Also, we understand the leveraged and inverse funds and their risks. There are lots of publicly available materials online and disclosures. After all, if one invests
Hi
I dont agree that FINRA should impose additional regulations for leveraged and inverse funds. Leveraged funds can be profitable in both bill and bear markets. Inverse investments protect investors from market downturns. They are an easy way for investors to lock in gains and/or reduce their exposure to market gyrations.
I am sure I personally can meet these regulations. However they will take
I think the leveraged and inverse funds are just like many other securities or any investment that you can lose most or all your money, not to mention the above funds are not a single stock investment so they are intrinsically diversified. Individual investors like us use the leveraged and inverse funds as important tools to hedge our main investment elsewhere. The public tools should be freely
