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
Summary
The NAC has revised FINRA’s Sanction Guidelines to incorporate a new guideline for violations of the Consolidated Audit Trail System (CAT) industry member compliance rules.
The revised Sanction Guidelines are effective immediately and available on FINRA’s website.
Questions concerning this Notice should be directed to:
Alan Lawhead, Vice President and Director – Appellate Group,
January 1999
Contingency Planning
Although most businesses are working diligently to ensure that their Year 2000-related issues will be resolved in time, everyone must anticipate that some things will be overlooked, ignored, or not completed on or before December 31, 1999. In addition, businesses must realize that there are things beyond their control that could impact various entities in 2000
Summary
FINRA is issuing this Notice to remind firms they must register with FINRA CAT, LLC (FINRA CAT) for reporting to the Consolidated Audit Trail (CAT). CAT registration commenced on March 18, 2019, and will run through June 27, 2019. All Industry Members, as defined under the CAT NMS Plan, that will have a CAT reporting obligation must register during this window.
All questions regarding
Please keep leveraged funds available to all investors.
I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs. I know what I am doing. The proper use of these leveraged products is a key part of my financial plan.
If leveraged funds are restricted to accredited or wealthy investors only, the wealth gap in the country will increase as the rich get richer in sophisticated
Dear FINRA Regulators
In a period of history when Federal regulators threaten everything in the Bill of Rights, You now plan to restrict one of the few ways left to counter the massive inflation Congressional overspending has caused. Give private investors credit for having more financial literacy than most members of Congress and the white house. If you think the Overreach of Federal authority
Stop moving forward with trying to regulate my right to access and invest in the entire public securities market. We should not have arbitrary restrictions imposed on us. I am capable of understanding leveraged and inverse funds and their risks.Public investments should be available to all the public, not just the privileged. My father was very intelligent and started the investment plan for our
REQUEST FOR COMMENT
Supervision Rules
Comment Period Expires: October 10, 2003
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Senior Management
Rule 3010
Supervisory Systems
Executive Summary
NASD requests comment on proposed amendments to Rule 3010 (Supervision) to require members to adopt heightened supervision plans for those
SummaryThis Notice reminds firms of the changes to FINRA’s Continuing Education (CE) Firm Element requirement, specifically:extending the requirement to all registered persons;recognizing other required training toward satisfying an individual’s annual Firm Element obligation; andrevising the minimum Firm Element training criteria.FINRA and the Securities Industry/Regulatory Council on Continuing
Distributed Denial of Service (DDoS) Attacks on Member Firms
