Paulo Vieira Comment On Regulatory Notice 22-08
I am opposed to any restrictions on my choices to and/or how I invest my hard earned income.
There must be freedom for all people to invest in any investment vehicle.
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.
I am opposed to any restrictions on my choices to and/or how I invest my hard earned income.
There must be freedom for all people to invest in any investment vehicle.
I believe the current requirements for self-directed investors are sufficient and there should not be more restriction on people to invest their money. I strongly oppose the limitations on my ability to buy the funds.
Please see below for comments in response to Regulatory Notice 22-08. Thank you for the opportunity to provide feedback. Definition of complex should be objective- if use of derivatives is a criterion it should be applied to all funds that do so. This suggests that more useful criteria would focus on factors like maximum risk of loss, risk of the fund not being able to meet its stated objectives, and systemic risks specifically related to the product, such as investors' inability to meet margin calls.
Let investors decide what is right for themselves - not regulators!
I have used this product both as an advisor and now as a retired advisor, but now as a regular investor.
The availability of easy products like the inverse ETF is simple to use and should not be as restrictive as it currently is.
I find it odd, that now that the bull market is struggling, here comes the big brother regulators taking away the protection investors need.
You should NOT make this more difficult for investors, you should make it easier. In fact, the entire system is bias to the long side and this feels like market manipulation to me.
I oppose restrictions on my account to my right to invest in leveraged investments. They are important to my trading strategy.
I oppose any limitations on my ability to buy Funds from ProShares.
This is a very unfair law. It should not be pass. This is typical of tyrannic totalitarian governments that restrict regular citizens and prevent them from reaching prosperity.
Proshare need freedom let us invest