James Farrow Comment On Regulatory Notice 22-08
I am opposed to restrictions to my right to invest.
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I am opposed to restrictions to my right to invest.
Please do not restrict any of the leveraged funds access as I use these funds in an intelligent manner and follow the signal system method ( jason kelly sig system )of buying and selling these funds every quarter based on past performances . These funds can be volitile but when used in a systematic mathematical system they are very rewarding as they just follow the index or commodity .
I use several brokerage providers. TD Ameritrade, M1 finance, and Robinhood all already provide bold warnings and specific information to guide/educate investors regarding Triple Leveraged or Inverse ETFs.
Brokerages have already/currently provide the critical information for retail investors to make effective trading decisions with these investment vehicles.
I strongly opposed limiting retail access to leveraged/inverse investments
Free markets are the hallmark of a free society. However, freedom is not a privilege of the few or those with a series 62. It is the right of all to invest in those instruments that meet their financial needs including the ability to hedge. Leverage and hedging provide me a way of allocating capital, managing tax burdens, and stabilizing returns. As a data scientist with an MBA in finance, I am well versed in the financial markets and do not need oversight.
Free market capitalism is important and leveraged,inverse funds should not be over regulated by politics.
1. You not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. 2. You shouldn't have to go through any special process like passing a test before you can invest in public securities. Explain that you are capable of understanding your investments and their risks
I am writing because I appose the pending regulations restricting who can invest in leveraged and inverse funds and I oppose limitations on your investments.
The new rules and regulations are very unfair. These new regulations will deny me the freedom to choose investments that could help you achieve long-term financial security.
The new regulations are arbitrary. FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities.
I am writing because I appose the pending regulations restricting who can invest in leveraged and inverse funds and I oppose limitations on your investments. The new rules and regulations are very unfair. These new regulations will deny me the freedom to choose investments that could help you achieve long-term financial security. The new regulations are arbitrary. FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities.
Don't limit my freedom to choose how to use my excess money.
Dear FINRA REGULATORS: