John Sinclair Comment On Regulatory Notice 22-08
Here's the deal. Been using these on occasion for years. Never needed any special training, education, or program for use. A simple warning of increased risk should be enough for anyone who can read.
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.
Here's the deal. Been using these on occasion for years. Never needed any special training, education, or program for use. A simple warning of increased risk should be enough for anyone who can read.
The proposed rule penalizes average investors. Average investors should have the right to invest in vehicles that puts these investors in the same position as hedge fund managers. These hedge funds are not available to average investors. This rule puts them at a distinct disadvantage as investors as it removes a tool for average investors from their "tool belts".
For too long, the average investor has been put down below the professionals that control the market. This investment type helps evens the playing field.
It is not the job of regulators to choose a personal investment strategy for the general public. The federal government already taxes my income unfairly while the federal reserve destroys it's value. You do enough damage without trying to regulate away any remaining rights I have. I oppose any restrictions on my right to invest my own money in the best way that I see fit.
My investments are already over regulated. We need less regulation not more.
You are too intrusive already. Just stop.
I am perfectly capable of making my own decisions! I've had excellent results using leveraged and inverse funds. Do not impede my ability to take care of myself.
I object to the proposal to limit my engagement to participate in leverage funds or any restrictions.
I am an investor in leveraged funds like TQQQ and perfectly understand the risks involved in such funds. I do not want to go through any test to prove my ability to trade such funds. Please do not place undue burden on investors by bringing in unnecessary hurdles like a test, high N/W etc
Hey you [REDACTED] - its my money that is hard earned and I have paid all taxes on it, now you better stop telling me what [REDACTED] I can or cannot do with it. [REDACTED] You [REDACTED] need to stay [REDACTED] out of my private financial business. I own tons of ETFs and they are all showing losses so Im holding on to them - if you want to change anything, make sure that you [REDACTED] first reimburse me for my losses.
This is total bull crap.. WE SHOULD HAVE THE RIGHT TO TRADE WHAT WE WANT. We are aware of Risks in prospectus
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST