Ricardo Sulimowicz Comment On Regulatory Notice 22-08
It is important for me to be able to save for retirement by having access to the crypto market.
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.
It is important for me to be able to save for retirement by having access to the crypto market.
To whom it may concern I am an American, and as an American tax paying citizen of this great country. I am saddened and also frustrated by the actions of Wall Street hedge funds, market makers, brokers and the FINRAS . People such as yourself that are willing stoop to such low levels in order to line their pockets with wealth while taking away from others. Does the word freedom mean anything to you? The stock market is the greatest money making machine in the world. and was made to be free, a free market for any man or woman who chooses to participate.
I cannot express in the strongest of terms that it is my right as an individual investor to have the freedom to analyze macro-economic conditions and make investment choices that protect/grow my capital. This includes the possible need to invest in leveraged and inverse funds if the market conditions call for it with all the individual risks that go with personal ownership of alternative investment strategies.
Dear Financial Representative, I do NOT want trading on the TQQQs and other leveraged funds to be regulated. I believe investors should have the right to trade public investments without restrictions. I am an experienced and frequent trader who uses this avenue exclusively to build weath within a portion of my overall portfolio. The volatility inherent in leveraged funds is the key to success in my trading strategy. I've been relying on this strategy for many years with great results and do not want to be limited in any way.
I would like to keep the ability to trade leveraged funds.
I oppose the imposition of the new financial regulations as unnecessary.
Often with good intentions, restrictions like this do more harm than good. Adding layers of uncertainty, complexity and bureaucracy increases costs to all investors. As long as an explanation of an investment's methodology and risks are made before purchase, any one should be able to determine suitability for themselves.
If I may quote Greta , " How date you "
I OPPOSE restrictions on my right to invest in public investments.
It is my money and therefore my choice on how to spend my money. If I wish to invest it, donate it, or spend it on frivolous things, so be it. The government has no right to dictate or "protect me" on my investment choices.
I am a personal investor and self investing for many years. I am using leveraged funds to increase my returns in a responsible way in times of stocks surge - investing a small amount of my total funds, and hedging the investments to prevent colossal losses.
Leveraged funds already send out learning material and warnings to customers investing in those funds.
Limiting these investments to the only the rich is unfair and unethical. Everyone should be able to access these investment channels. the solution is education, not prevention.