David Strongoli Comment On Regulatory Notice 22-08
Please keep it equal for everybody
Just as it is now
Thanks
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.
Please keep it equal for everybody
Just as it is now
Thanks
I strongly oppose restrictions on my right to invest in publicly traded securities, including leveraged instruments both bullish and bearish. I take the time to understand the risks of these funds, and limit my exposure accordingly.
Dear Regulator/FINRA I am happy to learn of your concern for investors. I am fully aware of the risks involved in buying inverse shares. We are forced to read a prospectus before we invest in these funds. I feel that I should be able to buy any funds of my choice in a 'free' country. I also know that these funds are not usually held for a very long time. I really don't feel that these funds are complex in any way. I think that investors who buy on margin should probably have some kind of regulation. I use these funds to protect my investments.
Here's the deal. Been using these on occasion for years. Never needed any special training, education, or program for use. A simple warning of increased risk should be enough for anyone who can read.
The proposed rule penalizes average investors. Average investors should have the right to invest in vehicles that puts these investors in the same position as hedge fund managers. These hedge funds are not available to average investors. This rule puts them at a distinct disadvantage as investors as it removes a tool for average investors from their "tool belts".
For too long, the average investor has been put down below the professionals that control the market. This investment type helps evens the playing field.
It is not the job of regulators to choose a personal investment strategy for the general public. The federal government already taxes my income unfairly while the federal reserve destroys it's value. You do enough damage without trying to regulate away any remaining rights I have. I oppose any restrictions on my right to invest my own money in the best way that I see fit.
My investments are already over regulated. We need less regulation not more.
You are too intrusive already. Just stop.
I am perfectly capable of making my own decisions! I've had excellent results using leveraged and inverse funds. Do not impede my ability to take care of myself.
I object to the proposal to limit my engagement to participate in leverage funds or any restrictions.
I am an investor in leveraged funds like TQQQ and perfectly understand the risks involved in such funds. I do not want to go through any test to prove my ability to trade such funds. Please do not place undue burden on investors by bringing in unnecessary hurdles like a test, high N/W etc