Skip to main content

2019061652401 William Lawrence Groeneveld CRD 2127534 AWC lp (2022-1654388423613).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019061652401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: William Lawrence Groeneveld (Respondent) Former General Securities Principal CRD No. 2127534 Pursuant to FINRA Rule 9216, Respondent William Lawrence Groeneveld submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Alex M Comment On Regulatory Notice 22-08

As a holder of inverse and leveraged products, I SUPPORT this measure, as ProShares and other financial services company prey on us individual, "retail" investors, and take advantage of our lack of knowledge through their own manipulation and complex wording. FINRA is on the side of the consumer, and even as a consumer who holds products that are in danger of being excluded, it is for the safety of the financial markets as a whole -- PROSHARES has NO INTEREST in educating its clients and ensuring they understand what they are investing in - they make more money the less we know.

Debashish Samaddar Comment On Regulatory Notice 22-08

Thank you for the opportunity to comment on this. I believe everyone should be free to invest in whatever manner they choose. The governments role should be to prevent fraud. Beyond that it is the investors choice to educate themselves and decide what risks are worth bearing. No agency should attempt to protect investors from any type of investment. In fact, what ends up happening is these protective measures end up being restrictions on the common person while large corporations and high net worth individuals enjoy the benefits of an open field.

Daniel Marklin Comment On Regulatory Notice 22-08

Codifying levered investments as "Complex" and limiting the public's use of them is against the founding principles of this country and will only exacerbate income inequality. Citizens have the right to chose their investment and take their own risks; the government is not intended to play "baby-sitter." If there needs to be a warning such as when signing up for Options or Margin trading, fine. Only allowing accredited investors will increase the income inequality in our system, all because "The government knows what's best for the people".....