Eric Liskey Comment On Regulatory Notice 22-08
I do NOT need the govt telling me how to invest my own money. I have invested in leveraged funds for many years and they have benefited my portfolio a great deal. Stop trying to be my nanny.
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 need the govt telling me how to invest my own money. I have invested in leveraged funds for many years and they have benefited my portfolio a great deal. Stop trying to be my nanny.
I want freedom to choose for myself, I do not need regulation
To whom it may concern:
Leveraged and inverse funds are important to my
investment strategy. I use them on a limited basis and when I am extra bullish or bearish on a trend.
I shouldn't have to go through any special process
like passing a test before I can invest in public securities,
like leveraged and inverse funds. I am
capable of understanding leveraged and inverse funds
and their risks. I do not need these measures imposed on me.
thank you.
Leveraged funds are an important part of my investment strategies. Involvement of regulators in a person's wallet should be limited, just like their involvement in private lives in general. Furthermore, the paternalistic stance taken by regulators is reminiscent of the approach of the most severe autocratic and totalitarian regimes, where a dictator considers his people too feebleminded to make the right decision.
Why does FINRA contemplate taking up a "mother hen" position with respect to "complex products" such as leveraged ETFs? There are no guarantees with respect to any investment strategy, and it is easy to lose a fortune in any number of market instruments -- including standard stock and mutual fund trades.
To Whom it may concern:
I not regulators should be able to choose the public
investments that are right for myself and my family.
Public investments should be available to all of the public, not just the privileged.
It is very important to me that I be allowed to manage my money myself.
I have the right to share my views,
AND YOU the regulators are required to take my comments into consideration in deciding whether to move forward.
I ask our public bodies responsible for creating and updating our financial regulations to oppose these changes. I am a retail investor and I use these products as a part of my portfolio. I want to have the same investment options as more wealthy and institutional investors. The brokers make clear the risks. Thank you for attempting to control risk and foster responsible regulations, but these changes are overbearing to small investors.
This is an important investment strategy and regulating it away will limit ones ability of upward mobility and learning new investment strategies. I have been investing for 10 years and I will be incredibly frustrated to be denied this opportunity to play the market without having to enable options on my brokerage account which I do not want to be able to do. Furthermore, I trust the fund manager more than myself to make those plays.
Please stop trying to take what we worked our butts off far to have a have way good living in our retirement years. I was hoping to do some traveling and see more of our country, but with what our government has done that can not happen! I have been priced out of any enjoyment in my retirement. For God sake leave our money alone.
I use leveraged funds as a strategic portion of my investments. Overall, it makes up a very small part of my net worth. Please do not change the rules on me. This does not protect people like me.