As a 'retail investor' I support these measures. I have investments with professional financial advisors/brokers as well as my own self guided investments. I can honestly say if I were to get into complex products such as options, leveraged funds, etc I would not understand the true risks I was taking. I trust my financial advisor/broker to understand and manage these risks, so I would
Summary
FINRA warns member firms that, over the past two months, we have observed a sharp increase in new customers opening online brokerage accounts and engaging in Automated Clearing House (ACH) “instant funds” abuse to effect securities trading. (FINRA has previously warned firms about trends in losses from schemes involving electronic funds transfers, such as those involving outbound wire
For Your Information
Financial Payments
On Monday, June 25, 2001, NASD Regulation implemented new addresses for all financial payments—including payments to CRD/IARD. The new P.O. Box will facilitate more timely automated processing of payments and is the primary address to which your firm sends all checks/payments via regular delivery. Please note that the P.O. Box for regular delivery
(a) General Considerations
(1) Application
This Rule applies to recommended purchases and exchanges of deferred variable annuities and recommended initial subaccount allocations. This Rule does not apply to reallocations among subaccounts made or to funds paid after the initial purchase or exchange of a deferred variable annuity. This Rule also does not apply to deferred variable
(1) The leveraged and inverse funds offered by financial institutes provide excellent investment opportunities and give us financial security. Surely, the investors should aware of their risk and reward. Just like any investment that no investment can guaranty their future performance. However, the regulation should not limit the high potential to have the maximum return. (2) Talking about the
Comments:You will be surprised to see how well we understand leveraged and inverse leveraged ETFs. There is a lot of information on the internet about it and we do our research. Sure, we dont have the connections that the big boys on wall street have or their multimillion dollar accounts but we do understand the markets and the problems with inflation we are having right now.
Besides, even the
I have invested on my own for for 36 years, doing my own due diligence, reading, and using my informed judgement. People make all types of financial decisions such as career choices, where or whether to purchase a home, what type of healthcare they access, the foods they consume, where they travel, etc.- the list could go on for pages. Any mature adult of sound mind can make financial
While requiring disclosure of additional information regarding complex financial products seems good in principle, it seems quite possible that this will be yet another textual agreement that almost nobody reads and most people click through. Figuring out who needs the information provided and how to present it in a way that they will understand it seems important.
However, requiring testing to
I oppose the proposed rule regarding increased restrictions on trading certain funds / securities. I, and other members of the public, am capable of making investment decisions and can suitably analyze the benefits / drawbacks to various investments. Taking risks is a fundamental part of the human experience, and placing further limits on the kinds of people who can trade certain products will
Recommend weekly reporting by from financial institutions and made public on stocks shorted and positions held for shorted stocks. Require increase financial penalties in excess of 75% of invested value to errors in reporting shorted positions
