Last year the Financial Industry Regulatory Authority (FINRA) solicited feedback on potential regulations that, if adopted, would have restricted your right to purchase many types of popular investments.
Thousands of investors voiced their concerns and, as of today, FINRA has taken no further public steps toward this restrictive regulation. Investors remain free to access a broad array of publicly traded securities that best suit their needs.
But there is still work to be done. The debate over how best to regulate the public securities markets will likely continue, and we are committed to providing updates about relevant events and news.
Let us contact you about urgent developments.
Among the ideas that FINRA put forth for public comment were requirements that you:
• Pass a regulator-imposed test of your specialized investment knowledge
• Demonstrate a high net worth
• Get special approval from your broker
• Attest to reading certain materials
• Go through “cooling off periods” during which you can’t invest
To review FINRA’s notice, visit https://www.finra.org/rules-guidance/notices/22-08.
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In defending your right to invest, without government interference.
Let us contact you about urgent developments.
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Among the ideas that FINRA put forth for public comment were requirements that you:
• Pass a regulator-imposed test of your specialized investment knowledge
• Demonstrate a high net worth
• Get special approval from your broker
• Attest to reading certain materials
• Go through “cooling off periods” during which you can’t invest
About the Contemplated Rules:
About the Contemplated Rules:
In defending your right to invest without government interference.
LIST OF INVESTMENTS THAT MAY BE AT RISK:
• Target Date Funds
• Non-Traditional Index Funds (Smart Beta + ESG)
• Emerging Market Funds
• High Yield Bond Funds
• Closed-end Funds
• Commodity Funds
• Cryptocurrency Funds
• Unconstrained Bond Funds
• Floating-rate/Leveraged Loan Funds
• Leveraged/Inverse Products
• Interval Funds
• Global Real Estate Funds
• ETNs
• Variable Annuities
• Defined Outcome ETFs
• Volatility-Linked Funds
• Currency Funds
• Funds using cryptocurrency futures
• Non-traded REITs
• Business Development Companies
• Opportunistic and Tactical, Multi-Strategy Funds
• Funds using derivatives for hedging or leverage
• Principal Protected Notes
• Structured Notes
• Asset-Backed Securities
• Funds Selling Short
• Start-up Company (IPO) Funds
• Funds Investing in Unlisted Securities
• Distressed Debt Funds
• Absolute Return Funds
• Finds of Hedge Funds
• Reverse Convertible Notes
• Market-linked CDs
• Range Accrual Notes
• Insurance-Linked Securities
• Interval funds
• Global real estate funds
• Opportunistic, tactical, multi-strategy funds
• Funds using derivatives for hedging or leverage
• Funds using cryptocurrency futures
• Defined outcome funds
• Commodity funds
• Exchange-traded notes
• Principal protected notes
• Structured Notes
• Investment trusts investing in cryptocurrency
• Leveraged loan funds
• Currency funds
• Funds selling short
• Start-up company (IPO) funds
• Funds investing in unlisted securities
• Distressed debt funds
• Absolute return funds
• Funds of hedge funds
• Volatility-linked funds
• Non-traded REITs
• Business development companies
• Reverse convertible notes
• Closed-end funds
• Market-linked CDs
• Leveraged and Inverse Funds
• Variable annuities
• Asset-backed securities
• Target date funds
• High yield bond funds
• Non-traditional index funds:
Smart Beta; Quant;
Custom Index; ESG
• Floating-rate loan funds
• Range accrual notes
• Emerging market funds
• Unconstrained bond funds
• Insurance-linked securities
• Interval funds
• Global real estate funds
• Opportunistic, tactical, multi-strategy funds
• Funds using derivatives for hedging or leverage
• Funds using cryptocurrency futures
• Defined outcome funds
• Commodity funds
• Exchange-traded notes
• Principal protected notes
• Structured Notes
• Investment trusts investing in cryptocurrency
• Leveraged loan funds
• Currency funds
• Funds selling short
• Start-up company (IPO) funds
• Funds investing in unlisted securities
• Distressed debt funds
• Absolute return funds
• Funds of hedge funds
• Volatility-linked funds
• Non-traded REITs
• Business development companies
• Reverse convertible notes
• Closed-end funds
• Market-linked CDs
• Leveraged and Inverse Funds
• Variable annuities
• Asset-backed securities
• Target date funds
• High yield bond funds
• Non-traditional index funds:
Smart Beta; Quant;
Custom Index; ESG
• Floating-rate loan funds
• Range accrual notes
• Emerging market funds
• Unconstrained bond funds
• Insurance-linked securities