Jerry Sebesky Comment On Regulatory Notice 22-08
object to this proposal
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.
object to this proposal
I oppose restrictions to my right to invest.
I am old enough to handle my investments.
I do not think it is right for regulators to restrict individual investors opportunities to invest in leveraged or inverse products that have been loved by investors for a long time. Anyone can adjust the size of the investment to manage risk. Too paternalistic.
Please do not impose any restrictions on what to buy and how much we can buy
I shouldn't have to g through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds since I am capable of understanding leveraged and inverse funds and their risks.
the leveraged and inverse funds are important to my investment strategies.
Leveraged and Inverse funds allow investors who are not wealthy enough to participate in hedge funds to manage their portfolio risks. By removing or limiting access to these funds FINRA would hurt us common investors and once again cater to the richest people and large institutions under the charade of protecting the common investor. All that is required is that a warning be provided every time an investor selects a leveraged or inverse fund to trade, that describes the risks and requires confirmation.
I am an individual investor managing my own money for more than 20+ years. As part of my portfolio I do user leveraged and inverse funds/ETFs. These provide the necessary leverage and cushion in down turns to my portfolio. Individual investors like me need access to such funds in order to manage our portfolios more effectively.
Do not pass this bill to hinder free markets of America and the efficiencies they provide
Let the buyer beware. It is the buyer's responsibility to inform themselves or seek help. This "permission" in a breach of personal freedom. This ain't the country club....
As an individual trying to save for retirement outside of my standard 401k, leveraged products allow me to form a more capital efficient portfolio. I believe more education is the answer, not removing tools.