Karina Andrea Comment On Regulatory Notice 22-08
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
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 OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I use leveraged and inverse funds to hedge my portfolio. I quite understand what they are. Please do not pass any measures that would inhibit or make it more inconvenient for me to use them.
Freedom of investment. Not a privilege to the rich.
Limiting investors ability to invest in leveraged ETFs and funds and having to prove high-net worth and presuming that equates to understanding risk and investment knowledge is unnecessary. Investors are widespread and have to be responsible for their investment decisions. Taking away the opportunity from people who do understand the risks is thievery. It's like telling a person who's never taken a diving course that they're not going to be able to wear a scuba suit. All you have to do it get the instruction first.
Sufficient notices and restrictions are in place. It is completely inappropriate to restrict further.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
Free market keeps prices fair for all. If someone wants to gamble their money or invest at however they want they should. Simple as that. Regulators suck
I am shocked and disheartened to know that regulations/prospectuses are under consideration to preclude retail investors from trading the Leveraged and Inverse ETFs, such as TQQQ and SQQQ, etc. As a retail investor with limited funds to hedge against market risks, for instance, I often buy SQQQ to protect my tech stock position without holding up a large proportion of my liquidity, which has worked really well to cover my long term holding.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I do not think regulators should try to limit my right to invest in whatever investments I want. I have been using leveraged and inverse ETFs for years and do not need to go through any unnecessary government restrictions. I'm urging you to NOT place any new restrictions on investors who invest in these securities.