Lorraine DeYoung Comment On Regulatory Notice 22-08
You need to let us make our own decisions and let us invest in whatever we want to
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
You need to let us make our own decisions and let us invest in whatever we want to
Less government!
HANDS OFF MY CRYPTO CURRENCY
Dear Sirs:
I submit these comments in opposition to this FINRA Regulatory Notice:
I oppose limitations on use of ETFs that relate to "leveraged" or "inverse" funds. These ETFs are already fully disclosed to the public, and form a crucial part of many investor's plans for investing. Each individual is different; there is no "one size fits all" regulation that is fair, reasonable, and clear.
I oppose restriction to my right to invest. However, if you can help to eliminate naked shorts; I would appreciate very much. It is not right if a person can sell specific stocks while does not own the specific stocks!
Im a retail investor. About 10 years ago I bought an inverse ETF fund after hearing it recommended on a PBS stock market program. It never was in the black - it only lost value. Its now down more then 90%. I can understand how these investment vehicles can be effective for sophisticated investors and industry professionals but sales to the general public should be restricted. They are too risky. Thank you.
Dear FINRA,
Inverse ETFs are some of the best tools available to use in bear markets - and we are facing a doozy.
Leveraged ETFs provide a simple and easy way to make outsized investments without complicated and dangerous margin requirements.
Why exactly are you wanted to limit access to these products now? That's a sincere question.
Please do not take away my right to invest how I see fit in public securities.
I oppose restrictions to my right to invest. I should be able to choose stocks and etfs that are right for me. I studied leveraged etfs before putting my money. I understand completely regarding those etfs characters. I choose to invest those etfs because those etfs are essential parts of my investment. I want to stay that way. I do not need any restriction to my investment right.
There are already laws and regulations in place when it comes to investments. Placing more regulations will only effect us little people and pose no issue for those breaking the law. Maybe instead of imposing more regulations you start handing out harsher punishments for those who break the law.