Skip to main content

SR-FINRA-2022-011

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to expand TRACE reporting requirements to trades in U.S. dollar-denominated foreign sovereign debt securities.

Mitchell Gamache Comment On Regulatory Notice 22-08

I am strongly opposed to the restrictions proposed by FINRA.

Leveraged and inverse funds are an important strategy and one of the few instruments available that allow retail investors to hedge and/or protect their portfolios and assets. Current market conditions are a prime example of the benefits of leveraged funds, wherein certain aspects of my portfolio have gained in value due over the past month, while the S&P 500 has declined more than 10%. This is due to my ability to utilize inverse leveraged funds as protection against such events.

John Newton Comment On Regulatory Notice 22-08

I am writing in opposition to limiting, and/or curtailing, access to certain complex trades. Limiting access to the general public promotes a preferred class and thus discriminates. Mandating qualifications further promulgates class distinction, in the guise of evaluating financial literacy. It perpetuates an old-boy culture.
Free and open trade should be supported; not denied. Individual choices should be respected; not mandated to conform to out-dated perspectives.

Christopher Rubbicco Comment On Regulatory Notice 22-08

Please do not impose further regulations on these investment tools. It is a very useful investment strategy to grow wealth and avoid loses in markets. I should be able to choose investments I think work well for my family. I completely understand inverse funds and other leveraged securities inherent risks and costs. These funds are extremely important to my investment strategies.