Kasim Masthan Comment On Regulatory Notice 22-08
I oppose this limitation.
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 oppose this limitation.
Concerning leveraged and inverse funds, I want to retain the right to buy or sell shares as a means of buffering and protecting my portfolio positions as I see fit, Stupid is, as Stupid does Forests mama always says. Regulators will not stop Financial Illiteracy or illiteracy in general. [REDACTED], they cant even stop smoking!
Leveraged and inverse funds in particular are an integral part of my portfolio protection strategy. Taking away this choice for me and my family will significantly reduce my ability to deal with down cycles. It is critical that this option remain in place.
Leave my investing strategies alone... please!
This type of investment stratigy is important to my retierment success - do not stop me for being able to trade and suport my family - Thank you
Please allow investors to continue to invest in leveraged & inverses funds. Its a way to diversify or go after a segment.
To exclude funds for general investors will limit options to only higher net worth investors would be a mistake
Restricting investors abilities to trade certain funds under is absolute criminal [REDACTED] Institutions and the wealthy making rules under the guise of protecting us from ourselves is the most corrupt and dishonest [REDACTED I have ever heard.
This proposed regulation is backwards. Restricting the individual on their financial choices through regulation will only hurt individual investors and benefit wealth or institutional investors. These regulations stink of the wealthy and large institutional investors attempting to protect the market from retail investors. They thought for a long time that they held a monopoly on investment power and could make the markets go their way at their will. The retail investor shook them to the core and showed how little power they really have.
It should be up to individual investors to decide for themselves whether a particular product is appropriate for them to invest in. Having the inability to invest in complex funds or ETFs would limit me to actually beat the market . . . which it is why I use them as part of my investment strategy. Having to go through a special process in order to invest in such funds is like taking a test in order to drive a car. No one that I see on the road obeys the speed limit OR even Stops at a stop sign completely.