FINRA Provides Guidance on Pandemic Preparedness
February 1999
Year 2000 Legal Update
As we rapidly approach the Year 2000, there are some legal issues that all member firms should consider. Following is important information on disclosure requirements.
The Securities and Exchange Commission (SEC) Staff Legal Bulletin No. 5 requires disclosure of Year 2000 information in the financial statements of all public companies. Amendments to SEC
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Senior Management
Institutional
Legal & Compliance
Operations
Trading
Executive Summary
On May 5, 1995, the Securities and Exchange Commission (SEC) approved amendments to the Interpretation of the Board of Governors—Forwarding of Proxy and Other Materials under Article III, Section 1 of the NASD® Rules of Fair Practice1 (Interpretation). The
I run a Signal Plan that requires the use of leveraged funds (MVV, TQQQ). On a quarterly basis I evaluate whether to buy more or less shares of these funds. I do not need a government agency decidingwhether I can or can not do this. I am a big boy and can make my own decisions.
Thank you.
I'm strongly against the new FINRA Regulatory Notice #22-08.
At first, it jeopardized my right to choose the public investments
Secondly, it shouldn't be a special privilege for a small set of people and it's unfair.
Thirdly, it introduced significant uncertainty on my existing investment strategy and jeopardized my investment plan.
It is my right to buy any stock I want and it is against the free market to limit my right! Also, I have lost since I bought my leveraged stock and I was not planning to sell it anytime soon. By selling my stock, you are forcing me to loose money in short term, which is not fair.
(a) Pursuant to Section II of the Plan of Allocation and Delegation of Functions by FINRA to FINRA Regulation, Inc. ("Delegation Plan"), the Board shall appoint a National Arbitration and Mediation Committee ("NAMC").
(1) The NAMC shall consist of no fewer than 10 and no more than 25 members. At least 50 percent of the NAMC shall be Non-Industry members.
(2) The
(a) Pursuant to Section II of the Plan of Allocation and Delegation of Functions by FINRA to FINRA Regulation, Inc. ("Delegation Plan"), the Board shall appoint a National Arbitration and Mediation Committee ("NAMC").
(1) The NAMC shall consist of no fewer than 10 and no more than 25 members. At least 50 percent of the NAMC shall be Non-Industry members.
(2) The Chairperson
Leveraged ETFs are an extremely important part of my long-term investment in my taxable accounts and also IRA accounts. Please don't arbitrarily dictate what we can invest and what we can't. You will disrupt our retirement plans and perhaps we should sue the authority for the adverse actions.
FINRA,
This new rule seems to badly discriminate against small personal investors. Why are you chasing me out of my current positions in leveraged ETFs? It is a bad plan to make the market for leveraged funds an oligopoly because it comes with the exclusion of disciplined personal investors who are capable of accepting risk.
