Bruce Barich Comment On Regulatory Notice 22-08
Please do not place any restrictions on any of my investment choices! I am able to decide what risks to take and how much risk that I am willing take!
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 place any restrictions on any of my investment choices! I am able to decide what risks to take and how much risk that I am willing take!
I am an experienced investor, self-educated, who has used leveraged and inverse products to great effect, to protect existing financial assets, and to responsibly participate in market uptrends, for my family's wellbeing. I am aware, given the abundant statements from brokers and financial media, of the effects of price trend and volatility on leveraged products' returns. Responsible investing in these products is less risky than casino gambling, which has limited regulation.
With the world economy in the state it's in, it's imperative that investors have the right to invest where and when they so choose, without any regulations. I've been investing in leveraged and inverse funds for year, and fully understand all risks and rewards associated with them. Leveraged and inverse funds have helped me meet my retirement goals with their enhanced returns, and helped protect my portfolio during bearish cycles.... I strongly oppose any regulations being considered that may limit my ability to invest in them.
Thank You
Please stop with the limitations on my investments. Every change has its consequences and negative effects. Thank you.
FINRA is violating their role in protecting the public by grossly overstepping their boundaries by unilaterally deciding what type of investments are deemed appropriate. There is absolutely nothing wrong with investments like leveraged product. As long as the proper disclosures of risk are disclosed, these type of investments are no more riskier than equity options and other investments.
Instead of denying my right to own leverage etfs in the name of the public good. Why not investigate the Ark Fund by Cathy Wood. Her investors are getting hammered. I, we and the rest of the public deserve and demand to have products to help defend our money from the Federal reserve, the us treasury and mistakes by congress. Leave us alone
SEC is [REDACTED] Not investor friendly
I think a free market economy should not need censure of normal accepted commerce activity. Voted against. Here is why:
I do not invest in most "complex products" because I cannot understand them. However, there have been some that I thought I understood and lost money. This was a learning lesson that a lot of investors must go through. Now, I do understand a few of the simply constructed "products" (in which I have invested) and resent "nannies" telling me what I can do and not do. I learned the hard way and believe that is the best way.
ALL should have equal rights to invest in whatever they deem right for themselves. The fact that any investment could be blocked by the average citizen makes it seem like you're trying to keep it all to yourself, the rich and privileged, and don't want the average citizen the ability to make money like you do.
Do not block our ability to invest in ANY WAY. This is crooked politics!