George Cavaligos Comment On Regulatory Notice 22-08
Please dont limit the use of these products, they are the only way that many of us have to protect our hard earned investments.
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 dont limit the use of these products, they are the only way that many of us have to protect our hard earned investments.
I oppose what is being planned to limit my ability to invest MY money public investments. As we all know there is a level of risk in making any investment and that is a risk I as an individual make a choice on - Not you. Leveraged and inverse funds are important part of my investment portfolio limiting my access to these investment vehicles appears to be discriminatory and tyrannical actions. Your motives are based on very subjective and narrow view of investors that we/I are not smart enough to understand the risks. PLEASE DO NOT IMPOSE THESE RESTRICTIONS ON ME.
Gentlemen, I would like to object to any proposal to restrict trading in certain securities such as leveraged and inverse funds. I am not a high net worth individual, but I have read several books on trading and investing, have taken several courses and belonged to a trading club for a while. So I feel I have a more than adequate understanding of how markets work and the risks involved. Furthermore, there are already adequate warnings and protections available to investors/traders who will avail themselves of them. Opportunities for investor education already abound.
Enough already, theres way too many regs already. Better time spent would be to pursue the likes of JP Morgan and any other spoofers. Proper use of leveraged trades allows us small traders the ability to take advantage of our market studies
Over regulation is destroying our country. Get out of the way,
Comments:
Dear FINRA, please do not begin gatekeeping access to complex financial instruments based on an assessment or net worth basis. This jeopardizes personal freedom and creates artificial and unnecessary barriers in the market for individual investors to participate. This compromises liquidity, price finding, and is an infringement of liberty.
A focus on risk disclosure and awareness is prudent and appropriate, but limiting investor access to products based on means tests or other assessments is not.
I want to be able to invest in anything that I feel is right for me and I don't want regulators telling me what I can invest in. I can understand all the risks and don't need someone else to monitor me.
I should be able to choose public investment that intereste not you the regulators. I shouldn't have to go through special process like a test before I can invest in public investment.
I am against limiting my options to invest in "complex" investments. I do not run an investing business in any capacity. I am an individual investor. These restrictions would be taking an important tool out of my toolbelt. I should be able to make my own choices on what risk I want to take and when. I should not have to go through testing and other restrictions as I am capable of knowing what the risks are. I have been investing for many years and I do not understand why you would take away or limit my ability to invest in any products available.
I am an investment professional and should have the ability to choose what is best for myself and my clients when constructing investment portfolios. Regulations should be made to protect the prudent, and not restrict everyone because of the wicked deeds of a few scoundrels. See to it that you do not become the scoundrel yourselves by creating overly restrictive policy in the name of an ever changing "common good."