Igor Borodyansky Comment On Regulatory Notice 22-08
Retail investors need to be able to trade leveraged products.
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.
Retail investors need to be able to trade leveraged products.
I am very concerned about the possibility of regulation of leveraged and inverse funds. These are so important to protecting me as an investor. I am not a large investor and only have $30,000 in the stock market. I am not a wealthy individual. Please don't take my ability as the "little guy" to be able to try to make some much needed money.
I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds.
I know what I'm doing with regard to my own investments. I should not have to jump through regulatory hoops to invest my own hard-earned money without significant regulation like "the big boys."
I shouldn't have to go through special processes like passing a test or demonstrating a high net worth to buy what I want with my own money. Ever. This sort of regulatory overreach would ultimately make my retirement more difficult.
I like to invest in leveraged funds. They add a great advantage to my investment objectives. I dont want regulators restricting my access to them as I understand the financial markets and I dont want to take tests to gain access to them. I have been using leveraged funds for ten years now and they have been an important part of my portfolio.
Retail investors should not be limited to what they can invest in. No one should tell us what we can and cannot invest in.
I do not need to be "babysat" and told where I can and can't spend my own money. The proposal to regulate access to leveraged funds appears to be nothing more than a way for retail to be restricted from utilizing the full tools of the market, to the benefit of institutional investors.
Quit trying to make us a socialist nation. I feel we know how to take care of oursjelves. Its the only way i have been staying out of poverty. Pete jardine
Do not treat adults as if they're all children. People should have the right to invest in what they choose to invest in, period! t?They do not need Big Brother telling them what they can and cannot do with their own money.
Hi - I think the new regulations you propose around leveraged ETFs are misguided and I'm hoping you reconsider. I love these ETFs and they work exactly as advertised, and I take responsibility for any losses I incur. Options are way more leveraged than these 3x ETFs and the rules you propose to put in place are way more onerous than the existing rules brokers have for options. I simply need to click through a disclosure agreement and that's it. This is America and people should be allowed to control their own financial destinies and make their own financial decisions.