Bailey Byrom Comment On Regulatory Notice 22-08
I should be able to choose the public investments that are right for my family and myself. Public investments should be available to all of the public, not just the privileged.
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 should be able to choose the public investments that are right for my family and myself. Public investments should be available to all of the public, not just the privileged.
As an individual investor 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
I am very confident in my knowledge and confidence in the long run returns of the stock market. My investment is a vote of confidence the s&p500 and nasdaq are good returns over 5+ years
Do not take away the right to freely invest in Public Securities! Taking a test or being told what a person can or can not invest in, that's not right?!
Limiting the ability for all investors to choose the investments that they want us a large overstep by regulators. Rules such as these do not provide additional protection to investors but instead provide hurdles for individuals that they cannot meet and limits their access to potential enhanced returns.
Please do not limit private investors access to 2x leveraged index funds and non-leveraged inverse funds. A leveraged fund based on a broad index (S&P500, Nasdaq, total market, etc) tends to be a less expensive and safer alternative to broker margin. They represent a valuable tool for ordinary investors to access leverage outside of potentially predatory broker margin interest rates and unpredictable margin calls or forced liquidation.
No restrictions please
We would like to have the choice to invest in leveraged and inverse funds and ETFs, as they play an important role in my investment strategy. I am capable of understanding these unique products and associated risks, and do not need any special purpose tests.
I'm against any Rule/Law which makes me go through special training to invest in Public Offerings.... also, the ETF I'm invested in is part of my Long Term Investment Strategy.... and it would be unfair to my Future Position in the Stock Market.... Thank you for your consideration.
We need Leveraged and inverse funds.