David Moore Comment On Regulatory Notice 22-08
Let the investors make their decisions on investments. Inverse funds provide protection against losses.
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.
Let the investors make their decisions on investments. Inverse funds provide protection against losses.
People understand products better than you think. Let those who want to take additional risk in funds choose to do so. You should not be regulating public access to such items. Individuals can choose to invest in their own business which is just as risky (if not much more) as these public funds. You aren't preventing that?? Let each individual choose their own level of investing or speculating.
It's up to an individual investor to decide which investments are right for them. I am capable of understanding and using leveraged and inverse funds. I use them ALL the time. Please allow the free market to stay free of unnecessary regulations
I should be able to choose the public
investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
I have researched various different leveraged funds (and strategies) and believe that in my 20s being able to apply leverage to my investment strategy and to deleverage as I get older will allow me to maximize my returns while reducing my risk given my long investment timeline. Specifically I plan on using a combination of leveraged broad stock market funds and bond funds and maintaining a set ratio to take advantage of the security of bonds during market downturns. I plan on this strategy being 10-20% of my portfolio though it hopefully will outgrow that proportion over time.
I am capable of making my own investment decisions. Stop FINRA #22-08.
Let people invest the way they wish. no restrictions on leveraged investments.
The idea of putting restrictions on Inverse/Leveraged securities is just a bad idea. 1) These instruments are not that complicated - people can understand them....Typically they are based on indexes (e.g., 2X SPX etc.), that's easier to understand than the inner-workings of any individual company! 2) FINRA, I believe, already requires brokers to display warnings - that's good enough. A warning that these instruments are different is what is needed and that makes good sense. Restricting trading on these by FINRA makes no sense.
It is important that regular investors are not limited in what they can do. It is unfair and unAmerican if only the very wealthiest can participate fully in the financial markets, restricting the growth of wealth to the top 1% or less. Please do not restrict the rights of those fortunate enough to have money to invest.
This is yet another threat to our freedom thanks to the Marxist Biden administration!