Michael O'Bryant Comment On Regulatory Notice 22-08
I would not have the secure retirement account I have today if not for the TQQQ option.
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 would not have the secure retirement account I have today if not for the TQQQ option.
I oppose this planned restriction on my right to invest in public investments.
The "little guy" should not be prohibited from investing in leveraged and inverse funds - we are just as capable as wall street of doing research and looking out for ourselves.
implementing this new restriction would just be another case of stacking the deck in favor of wall street professionals.
FINRA and other government regulators should never consider limiting regular people's right to invest their wealth in whatever way we see fit. All these regulations just keep people from being able to invest at full capacity and prevent them from making money. People should educate themselves about ETF's and leveraged funds but can use them successfully as I do to hedge in a downturn or for other special purposes.
Our firm is totally against your potential very harmful regulation.
If you proceed expect a class action
Dear FINRA Regulators,
These type of investments are critical to attain capital preservation.
Please dont reduce by ability to purchase any levered inverse or any other funds
In the United States, each individual should and have the right to be responsible for ones own decisions regarding his/her own life matters, including ones assets and possessions. Everyone ought to be able to invest in all public securities, since they are to the public. Diversify ones portfolio is a balanced way to invest. Leveraged and inverse funds are part of the vehicles to diversity, which, if done correctly, could improve the long time performance of ones portfolio as long as one understand and control the risks from these funds.
Leveraged funds are a vital part of my overall strategy. They are a small portion of my portfolio but they allow me a convenient vehicle to hedge short term risk, especially when I expect downward corrections. On rare occasions I have used them to enhance returns when strong uptrends are in place. Restricting these investments is unnecessary in a free market system and I urge you to keep these available to investors of all kinds.
I want freedom to invest in leveraged ETFs