Bhagya Katakam Comment On Regulatory Notice 22-08
I want support on my shares
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.
I want support on my shares
This will negatively impact the trading capacity of younger, yet informed, traders such as myself.
Dont do it, unless you want to fix naked shorting and synthetic shares
Regulators seem to have more interest in 'protecting investors from themselves' than ensuring that there is a level playing field for all investors, large AND small. They have allowed the big players to use algorithms that cause trading and investing to be erratic and at times, non-sensical. Let individual investors purchase and trade whatever instruments they choose. After all, IT'S THEIR MONEY. Stop trying to control what people do and think.
Investing should be accessible to everyone and anyone without interference from Regulators.
Investor's should be free to do there own research and investing in the funds of their choice. Investor's take their own risks for both losses and gains and should be free to continue to do so in all of the current funds, etf's and inverse funds.
Investors know the risks. They should be able to take them.
I object to the proposed limitations on investing in "complex" leveraged or inverse funds.
When the market is down, these investments are needed to protect investments from loss of value.
Why restrict us from using these investments? A needless restriction of our rights to manage our affairs. Government overreach at its finest.
I consider investing my own money a decision that I am fully capable of making without additional controls. The changes being considered to gate who has access to leveraged and inverse ETFs/Funds are barriers to entry. Personally, I use them in my investing to better manage market downturns and to gain better returns. In 2020 when the market was getting hammered, I was able to invest in an inverse ETF which significantly protected my down side. More recently, I was able to invest in a leveraged ETF which brought me significant returns.
I oppose the possible rule changes to limit access to " complex products " such as leveraged ETFs.
User education is the way to go.
As long as investors are warned of the risks , the access must not be taken away from individual investors.