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2018058781101 UBS Securities LLC CRD 7654 AWC va (2022-1654302014385).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2018058781101 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: UBS Securities LLC (Respondent) Member Firm CRD No. 7654 Pursuant to FINRA Rule 9216, Respondent UBS Securities LLC submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Andrew Chedid Comment On Regulatory Notice 22-08

I not regulators should be able to choose public investments that are right for ME and 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 like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.

Alan Taylor Comment On Regulatory Notice 22-08

It is important to me that I not regulators should be able to choose the public investments that are right for my portfolio. Public investments should be available to all of the public, not just the privileged. I also use levered ETFs to offset other exposures in my portfolio that cannot be reduced, e.g. exposures to DB pension benefits with incomplete inflation indexing and hence inflation risk.