Dear FINRA Regular retail investors should not be precluded from access to leveraged investment products. By only allowing institutions to use leveraged investment vehicles you are discriminating against individuals and preventing them from using all of the tools in the investment tool kit. Life is risky, individuals do not need to be protected from themselves by the government. Instead you
Inverse funds serve an important function to hedge investment portfolios. By precluding retail investors from doing so, it is locking out this class of investor from having any form of protection during periods of down markets. It is inconceivable that in the U.S. there is a proposal to preclude investors from being able to decide what they do with their own finances. Why are high net worth
I should be able to choose the public investments that are right for my family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process before I can invest in public securities. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed. Leverage and inverse
It is my money and only I should have the right to choose which investments I pursue. I am fully aware of the investment risks. That's why prospectuses are available. Additionally, these type of inverse and leveraged funds are excellent tools to hedge portfolios which all funds may not be held at one firm.
Stay out of my financial affairs. Having over thirty years of investment
Dear Regulators, I oppose restrictions to my right to invest. I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public. Leveraged and inverse funds are important to my investment strategies. I use those funds to protect my investments. Inverse funds help me to protect investment in case of price of
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just The privileged. Furthermore, I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I did not have to do this to make a purchase. I am capable of
FINRA regulators, there are so many ways that the ultra-rich can become even wealthier and so many ways to stop the middle-class from doing so. By restricting inverse and leveraged investments you are further limiting the ability of ordinary Americans from having access to the same tools that the elite have. With the abundance of education and information available on the internet it is easier
The Net Capital section of the 2022 Report on FINRA’s Risk Monitoring and Examination Activities (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) relevant regulatory obligations and related considerations, (2) exam findings and effective practices, and (3) additional resources.
This Report addresses several regulatory key topics for each of the four categories: (1) Firm Operations; (2) Communications and Sales; (3) Market Integrity; and (4) Financial Management. As described further in the “How to Use This Report” section below, the importance and relevance of the considerations, findings and effective practices in each of these areas will vary for each member firm.
In
(a) No member shall open a margin account, as specified in Regulation T of the Board of Governors of the Federal Reserve System, for or on behalf of a non-institutional customer, unless, prior to or at the time of opening the account, the member has furnished to the customer, individually, in paper or electronic form, and in a separate document (or contained by itself on a separate page as part