Susan Harrick Comment On Regulatory Notice 22-08
Please do not restrict my right to invest in what you consider to be complex markets. I am able to understand what I am doing without your oversight.
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.
Please do not restrict my right to invest in what you consider to be complex markets. I am able to understand what I am doing without your oversight.
Comments: Consumers should be asked to sign a consent form for the risk they are undertaking which is already the process today I think. I don't believe any other restriction is necessary.
I'm fed up with regulations that pretend every American is a victim, and assume all businesses are evil. The ONLY things this proposal will accomplish are wasting investor's valuable time and creating yet another layer of useless/costly bureaucratic nonsense. GET A REAL JOB AND STOP INFLICTING NANNY STATE GARBAGE ON INVESTORS WHO ARE SMARTER THAN GOVERNMENT EMPLOYEES AND SELF-RIGHTEOUS KNOW-IT-ALL LIBERAL POLITICIANS.
I have traded leveraged etf for 20 years. I read the prospective and used the leveraged etf to reduce some risks. I want to this tool to be available to me, not just the privileged. I dont want regulars to impose a test on me.
The public should have the unfettered right to invest at will in inverse funds and leveraged funds and other market traded vehicles. There should be no special training or net worth gates applied.
The insiders, inside firms and big brokerages already have huge advantages in speed, concealment of trading in dark pools, and the ability to short investments easily.
The general public should be able to retain the ability to compete in the market without restiction in inverse and leveraged funds.
I should not be regulated on what stocks I can buy. I shouldnt have go threw any special process to invest in leveraged funds or inverse funds. I do not need these measures imposed on me. They are an important part of my portfolio as a hedge and to enhance returns. Public investments are right for me and my family. Investments should not be available for the just privileged but all of the people. We the people should not be regulated
FINRA's role is supposed to be to protect the public from unscrupulous brokerage firms and investment advisors. It's NOT supposed to be about treating the public as if they are children and need to have their hand's held while you tell us what we can and cannot do. I've been investing for over 30 years but just discovered leveraged ETFs, such as SPXL/SPXS and TQQQ/SQQQ in March of 2020.
WHAT I DO WITH MY MONEY IS NONE OF YOUR BUSINESS. I earned it and have paid taxes on it. If I want to invest it, I should be able too. If I lose said money, I understood that when I made the investment and it falls on my shoulders. Im tired of government stepping in and trying to control what I do, say, and any thing else involving my life. The US Govt makes millions off of me and every other American and spend it like a fat kid eats candy. Im going to probably have to work until Im 70 because you have ruined Social Security by spending it inappropriately, when it wasnt yours to spend.
Leveraged and inverse ETFs and funds are not fundamentally different than other investment choices, all of which carry risk.
For many of us these ETFs form an important part of our overall investing strategy. We, not the regulators, should have the freedom and attendent responsibility to select and use these instruments. There should be no need to pass a test or have other restrictions imposed.
I 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.
I shouldn't have to go through any special process like passing a test before I can invest in public securities,
like leveraged and inverse funds. I am capable and am sure many others are as well, of understanding leveraged and inverse funds and their risks. We do not need these measures imposed on us.