Donald Brown Comment On Regulatory Notice 22-08
I do not agree with the regulations being considered for ETFs like Sqqq, Sdow and the comparable!
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 do not agree with the regulations being considered for ETFs like Sqqq, Sdow and the comparable!
I am contacting you to express my opposition to notice 22-08. I have been investing in leveraged funds for well over a decade, and find it inappropriate for you to limit my freedom to do so without undue interference from you. These are my assets, and I believe it is well within the scope of my prerogatives to decide how to invest them.
I enjoy the ability to invest in leveraged funds--it's one reason I've been a successful investor these last three years. I understand both the downside and the flexibility that this affords me. I want the restrictions to remain the same, allowing me the freedom to invest how I want.
I am capable of understanding leveraged and inverse funds and their risks. They help me protect (hedge) my investments or seek enhanced returns for my family and myself. What is more information, according to the Fourteenth Amendment to the U.S. Constitution, I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged class. Please consider my suggestion seriously! Thank you!
It is important that the pending increased regulation of "complex products" is not passed or put into place by FINRA.
I should be able to buy leveraged and inverse funds. People buy options. Options are very risk. I do not have time to do research on options. Leveraged and inverse funds are good tools to improve my investment return. Regulators should not set limitations for individuals to buy leveraged and inverse funds.
I am writing to urge you not to restrict my investment options. I should not be penalized because some naive people refuse to educate themselves about so called " complex investments". If they don't understand what they are doing they should not invest. These investments are generally labelled as far as additional risk involved. I actually use options and inverse funds to reduce risk. I feel these should be readily available tools. Leverage is a basic principal of investing.
Hello, I believe I should be able to invest in publicly available funds without government interference. I know what is best for my financial situation and believe I should have the right to make decisions based on what I believe to be the best.
I am fully capable of doing the research and understanding what I am investing in. I should not have to prove myself capable. Such measures would be a burden to me.
Im for having the free ability to invest in all and any type of investment risk I desire with my money.
Dear FINRA Although I am not a big and important investor, however I value my current ability to invest in as diverse a range of assets as possible. I do not request or want regulations to protect me, I will calculate and decide the risk. Therefore, please desist from considering restrictive regulations in any investment category.