Frank Boenig Comment On Regulatory Notice 22-08
Please do not do this to us. Keep it fair and transparent.
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Please do not do this to us. Keep it fair and transparent.
FINRA should not discriminate and or limit the ability of investors to have freedom of choice of their investment portfolio, particularly in regards to the investors net worth. This is clear discrimination based on inequity, and has no place in the breath of investment strategies. FINRA has no right to tell individual investors what they can and cannot invest in, as we have, as Americans, freedom to choose.
I am opposed to the proposed regulations by FINRA regarding investing in leveraged and inverse ETF's. These ETF's allow me to invest during advancing and declining periods of the stock market. I do not appreciate regulators putting any restraints on my ability to do that. There are risks in any kind of investment and it is up to me to decide what risks I intend to take.
In April 2022, I received a message from Vanguard stating that I would no longer be able to invest in shares of Grayscale Bitcoin Trust (GBTC) in my Roth IRA. This email was very concerning and surprising since my Roth IRA has massively outperformed the market since adding GBTC a number of years ago.
With FINRA allowing naked shorting and the whole fiasco that goes along with that, affecting the small investor to a large degree, I cant imagine why your organization is restricting ProShare trading. Is this another scheme to bilk us? No wonder Republicans are going to retake control of our country! Leave us alone.
We don't need additional regulations on leveraged funds, I want to maintain my freedom to invest in public securities of my choosing. It should be my decision what I invest in, not yours. I don't need you to decide what is suitable for me. If information provided by sellers is truthful you have done your part and it is up to me to decide what investments I wish to make.
I oppose any limitation on my investment strategy and decisions. Any discrimination against individual investors should not be tolerated because it creates inequity.
This is an agregious abuse of power and cannot be made possible!
As in independent investor, we need simple unimpeded access to a variety of investments, including options, futures, leveraged funds, inverse funds, etc. Please do not restrict our access to them.
Email: [email protected] Subject: Regulatory Notice 22-08 05/08/2022 Please allow leveraged and inverse funds to continue. Public investments should be available to all of the public and should not be restricted to only certain groups or individuals. I have a hard time understanding why restrictions are being considered for leveraged and inverse ETFs such as index funds while high risk stocks including biotech companies with no earnings and lose money are still able to be purchased by the public with no knowledge of their risks.