Karen Vaglia Comment On Regulatory Notice 22-08
I don't think there should be any special restriction for me to invest my money in the way that I want .
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.
I don't think there should be any special restriction for me to invest my money in the way that I want .
This is a FREE country. I have been using inverse funds for over a decade and leveraged funds to and options. If you are going to restrict these funds that's no problem to me I will just use options. You should NOT restrict the use of these funds that is absurd unless you don't want people sitting the market because YOU ARE AFRAID that this will bring the market down. Don't worry, that will happen anyway when people sell. You can't stop that but you are going to prevent people from being able to hedge their positions. That is not ok. Leave this country a FREE country.
The proposed legislation limits the investing power of highly educated or well-read individuals who come from adverse backgrounds. Such regulations are effectively an increased barrier to entry for the many Americans like myself who attempt to build wealth with no assistance from an inheritance. Rather than pass legislation that effectively handcuffs those with little amassed wealth, the legislature should focus instead on increased access to information for individual investors.
To the FINRA board, I strongly believe that I should have the right to choose in what I get to invest in. Publicly traded companies should not be regulated or restricted to the American public. It's not fair that giant corporations or the supremely wealthy have more flexibility and power to play this game, where the common American has to try and get by in this world and one way to do that to help people achieve a greater quality of life is by making financial investments that would help benefit their economic growth.
I demand to have the right to choose any public investments that I deem to be right for my family. I have been making investment decisions by myself for decades. I consider this is
Leverage & Inverse Funds have been a critical part of my investment portfolio to hedge against volatility. It will impact me substantially as I have a significant amount invested in these types of funds. Please do not restrict us from participating in these funds.
I oppose the proposal to limit my ability to buy leveraged or inverse funds.
As a seasoned investor I would like the ability to use inverse funds as I see fit to protect my portfolio when I see it beneficial
ex. as a hedge during a downturn.
I would like for them to stay available to me.
Thank you.
Let me decide my life.
PROPOSAL HAS TOO MANY UNDEFINED ITEMS, LEAVING PROBABILITY OF GOVT CREEP AND CONTROL. IS TWO MILLION HIGH NET WORTH IN AN INVESTMENT ACCT? OR FOUR? OR FOUR HUNDRED THOUSAND? OR $400? SPECIALIZED KNOWLEDGE IS RIDICULOUS. DEFINE TERMS, IF EVEN IN SPECIFIC CONCEPTS. I OPPOSE RESTRICTIONS ON INVESTORS, SOME OF WHOM MAY LOSE OR GAIN. BUT, LOSSES AND GAINS LEAD TO LESSONS LEARNED. RESULTS OF ONE'S ACTIONS ARE NOW READILY AVAILABLE. STOP RUNNING OUR LIVES AND CREATING JOBS FOR ONESELLVES!