Thomas Merkh Comment On Regulatory Notice 22-08
To the FINRA regulatory committee,
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To the FINRA regulatory committee,
To whom it may concern:
FINRA needs to focus on making sure everyone has access to all investment options. If only wealthy get access to leveraged and inverse, then they will be only ones with wealth. All investors should have access to these styles of investment tools. I am more than capable to determine the amount of risk I can accept and having a broker or the government make that decision for me is not acceptable. Both of these investment tools play an important part in my investment strategy.
Please reject this proposal to hamper the ability for individuals to freely invest in the market based on their own decisions about risk and reward. No investor has asked for guardrails to be put up around these products. In fact, it only seeks to further limit the free market instead of truly protect people. Requiring a certain net worth or level of investment to qualify for purchase of an investment vehicle no more qualifies an individual to greater financial sophistication or knowledge nor protects them from ill advised investment decisions than someone of lesser financial means.
If you think an investment vehicle is dangerous then restrict the vehicle for ALL, not a class of investors YOU think is not sophisticated enough to understand the vehicle. I use leveraged funds to hedge other investments. What gives you the right to take that away? You perhaps have too much power and Congress needs to investigate your practices. Perhaps one watchdog was a bad idea. If FINRA proceeds on this path I will will actively support any action political to investigate and prosecute other dubious actions by FINARA [REDACTED]
Please don't pass this regulation.
The regulation will prohibit my slow and steady approach using the leveraged and inverse funds you are trying to restrict. Not every investor uses them for a get rich quick approach...
Investors need to be control of money
I'm opposed to having restrictions put on my right to invest the way I want to.
Buzz Off. It's my money. Keep your nose out of my business.
Hi this is very important to me to be in control of my investing because in 2008 when crash happened, I lost a quarter of my worth and then the fund managing my portfolio closed and Iv since had to learn how to do this. Now if I couldnt do what Iv now learned to do I dont see how I could trust anybody to
Public investments should be available to all not just the wealthy.