Kyungho Oh Comment On Regulatory Notice 22-08
I want to trade any equity and etf with my own risk.
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 want to trade any equity and etf with my own risk.
I not regulators should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public.
I truly feel that this new regulation would severely damage any investor that is interested in securing his or her financial future.
Cryptocurrency is the one financial vehicle that is not only affordable to ANY investor regardless of the amount of wealth they may have but that can change an investors financial status overnight.
It is no more risky, than any stock an investor may buy or trade, or any real estate venture.
Citizens should be able to choose what and with who they want to invest in. I often use leveraged funds to hedge my portfolio and occassionally when I see an opportunity to enhance my returns. I use them strategically and very carefully.
It's my money and I don't believe it would be fair to restrict access. Pretty simple really - my money - my decision. Please do not put these proposed restrictions in place.
Blocking the ability of the general public to buy cryptocurrency funds or an other publicly traded stock/share limits my ability to freely access the entirety of the public securities markets. Furthermore, singling out complex products with onerous investing regulations for the investment of securities categorized as 'complex' again limits the general access to the designated security and once again limits me, the person considered the general public, access to these securities.
I trade S&P500 / NASDAQ and I do not need any regulations on what I choose to invest in. These are public investments and should remain as such. I choose to invest in leveraged and inverse funds understanding the risks and benefits. While they don't complete my whole portfolio they play a vital role in my investments. I don't need measures imposed on me, tests, to continue trading in these funds. These measures would make public securities for the privileged but they should remain for the public!
Regulators have no business telling private citizens what they may or may not invest it. That is Soviet-era behavior. It is also a slippery slope. If one sort of investment can be outlawed, then ANY kind of investment can be outlawed.
I oppose to my limitations!
I understand the risks associated with leveraged funds and believe I have a right to choose what investments I am allowed to make, regardless of the proposed restrictions
Sirs, I have been made aware of some potential changes in how I might trade equities. I am a retired physician, with no formal training in finance. However, I have trained myself rigorously in order to successfully trade securities and maintain and grow my investments. I rely on many leveraged and inverse funds to hedge my long term investments and manage risk, to acquire income for cost of living expenses, and to grow my financial base.