FINRA Requests Comment on a Proposal to Establish a “Pay-to-Play” Rule
Read President and CEO Robert Cook’s post-meeting email to firms highlighting the May 2019 FINRA Board of Governors meeting.
I am neither a major nor wealthy investor. Reinvesting profits taken into more speculative ventures has enabled me to set-up modest 529's to assist in sending my grandchildren to college. I don't use any original funds or income for leveraged speculation.
Why do you feel the need to control my investment strategies?
I would truly resent my rights to trade using any vehicle I choose that is legal and can be traded by others, professional or retail. It is my responsibility to understand the risks of whatever I trade and do not need a big brother looking after me. If I loose $$ because I do not understand something, that is part of my tuition of education. I am a grown up and responsible for myself. Please, no
I am strongly opposed to limiting the ability of investors to buy leveraged index funds. I and my children have found long term investment in TQQQ and UPRO to have increased our retirement savings and college tuition savings considerably, thereby eliminating our need to go into debt.
Limiting these opportunities to only high net worth investors only furthers wealth inequality - helping the rich
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Our fourth Small Firm Report took place on Wednesday, February 20. FINRA President and Chief Executive Officer Robert Cook, was joined by Senior Vice President of Member Relations and Education Chip Jones and Executive Vice President of Enforcement Susan Schroeder to discuss FINRA’s 529 Plan Share Class Initiative.
As is often the case in government policy, the motivations of this seem good. However, limiting investments until someone has a liquid net worth of 1M or other limit has proven suboptimal. These specialized products are risk management tools - perhaps used to hedge a portfolio without selling and realizing gains, or taking advantage of markets that would otherwise be unavailable without a large
A succession plan is vital to ensuring the continued success of your firm. Join FINRA staff and industry panelists as they discuss considerations for developing a succession plan that works for your business.
The new coronavirus that causes COVID-19 has rapidly changed the way U.S. broker-dealers must conduct business as states implement various shelter-in-place and stay-at-home orders, forcing workers remote. On this episode, we talk to FINRA’s Chief Legal Officer and Head of Member Supervision to learn how FINRA is adapting its operations and providing important regulatory relief.
