Frank Russo Comment On Regulatory Notice 22-08
I dont need or want your regulations on my cryptocurrency.
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 dont need or want your regulations on my cryptocurrency.
I want to maintain my current freedom to invest in public securities of my choise.
Please don't super regulate a public security already approved by the SEC. This is a violation of my right to free choice. I could see your interference if I could take advantage of someone or the reverse, but simply put, you are trying to save me from myself. I don't need a bureaucrat deciding what I should or should not buy, especially when it comes to choosing securities.
Liberty and freedom are precious rights, I take them very seriously.
I USE LEVERAGED FUNDS IN MY PERSONAL INVESTMENTS AND IN THE INVESTMENTS I RECOMMEND TO MY THREE CHILDREN. I DO NOT WANT YOU, IN ANY FORM OR MANNER, TO HAMPER MY ABLILITY TO MANAGE MY INVESTMENTS IN LEVERAGED FUNDS.
Quit messing with are investments! Who made you God? Everyone should be able to without 'your tests!' America would be a better place without Elitists like you! You think you own everything and everyone, don't you! Quit looking down on people!
I am a retired public school teacher who taught for 42 years and I tell you that I oppose any form of restrictions on my simple retirement investment. I am a widow whose husband was too ill to work most of our married life and he REFUSED to claim disability because he didn't believe in handouts. My investment is from my many years of teaching and it is such a small amount but I believe that you have no right to interfere with my life regarding my earned money.
it would be a huge mistake to eliminate or limit purchase of leveraged or inverse funds. I use them to limit the downside of my bond and stock holdings. Without it , no question, volatility would increase & an important tool taken away from the public. Complex investments can use more education & disclosure from ISSUERS; but certainly not the proposed investment knowledge disclosure, financial disclosure of INVESTORS. It would hurt investors, discourage them from valuable investment tools. We do not need these new measures.
I got a letter from Proshare urging me to oppose FINRA regulatory notice 22-08 and I almost submitted my public comments but decided to actually read the FINRA notice first. It was an eye-opener to say the least. I am an educated and experienced trader who understands the risks of complex instruments such as inverse funds, leveraged funds, options etc. But the examples FINRA shared of unscrupulous brokers experimenting with nest-eggs of seniors and unsuspecting investors reminded of the dire need for such investors to be protected.
As long as the investment and brokers involved outline the risks, that is all the SEC should demand. Freedom for investment key to capitalistic system and should also include all International investments including China whom we must compete with and not restrict- restriction produces artificial competition which never works and only weakens our country!
I got a letter from Proshare urging me to oppose FINRA regulatory notice 22-08 and I almost submitted my public comments but decided to actually read the FINRA notice first. It was an eye-opener to say the least. I am an educated and experienced trader who understands the risks of complex instruments such as inverse funds, leveraged funds, options etc. But the examples FINRA shared of unscrupulous brokers “experimenting” with nest-eggs of seniors and unsuspecting investors reminded of the dire need for such investors to be protected.