Hugo Romero Comment On Regulatory Notice 22-08
We not regulators should be able to choose the public investments that are right for you and your family. 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.
We not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs. I know what I am doing. The proper use of these leveraged products is a key part of my financial plan.
These funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification of an indexs price movement, and I use this magnification to my advantage.
I do not want a third party evaluating my capability of managing these funds, and certainly do not want one preventing me from buying them.
It is unfair to place restrictions on lay people. Let us continue to have the ability to control our investments.We can evaluate our own risk levels.
I appreciate if you do not restrict me from buying ProShares
Thank You!
FINRA should not take away rights of retail investors in trading leveraged ETFs. US market is not the only place to invest these days and it might force retail investor to invest more in risky offshore markets. If the leverage ETF investing is taken away from retail investors, it will widen the spread between bid/ask. Not to mention the number of jobs that will be lost in the financial industry. Limiting retail investors choice makes them more suspectable to market manipulations and unfair trading practices.
Along with the risk comes a great deal of opportunity, The risks are already clearly explained and do not need any possibly restrictive regulation.
Please dont restrict me buying ProShares Thank you
I should have the right to invest in any instrument that I wish to.
Why is this an issue all of a sudden?
seems a little fishy
Hands off crypto!
I think it is time for the government to keep their hands to themselves!