Futures | Commodities | Forex
FINRA and IIROC warn about leveraged and inverse ETFs
Posted by Felix Shipkevich on Jun 11, 2009 Posted by Felix Shipkevich on Jun 11, 2009 in Canada IIROC, FINRA | 0 comments
FINRA and IIROC remind firms of their sales practice obligations with regards to leveraged and inverse ETFs. ETFs that are designed to achieve investment objectives on a daily basis may not be suitable for many investors, and should not be marketed as if they were designed to positively or negatively track...Members must retain a registered Principal over whom NFA has jurisdiction
Posted by Felix Shipkevich on Jun 9, 2009 Posted by Felix Shipkevich on Jun 9, 2009 in Futures Commission Merchant, NFA Amendments, NFA Regulations | 0 comments
Failure to retain at least one Principal registered as an “associated person” will henceforth be regarded by the NFA as a request to withdraw from NFA membership, unless membership is in the contract market category. This amends NFA bylaw 301 (a)(iii), which now reads: No person, unless eligible for...Congress Urged to Close Zelener Loophole
Posted by Felix Shipkevich on Jun 4, 2009 Posted by Felix Shipkevich on Jun 4, 2009 in CFTC Proposals, Forex, NFA Proposals | 0 comments
NFA President Daniel Roth and Executive Vice President Daniel Driscoll urged Congress to close the Zelener loophole for non-forex products. In the CFTC vs. Zelener case, the U.S. Court of Appeals for the Seventh Circuit concluded that the rolling spot contracts in question did not qualify as futures...
