Patrick Marlow Comment On Regulatory Notice 22-08
Regulations kill innovation.
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.
Regulations kill innovation.
Leveraged and inverse funds are important to my
investment strategies. It should be up to us to make investment decisions.
I'm in favor of trader/investor *education* but not additional restrictions. In fact, I oppose PDT because $25000 is an inappropriate amount of money to risk while learning. $1000 would be plenty to learn how to trade. It's the transaction quantity that builds experience. Thousands are required to learn effectively.
Please do not limit our investment options!
I am completely opposed to this heavy handed big brother attitude. Were all of you ever children? Do you remember what it felt like to have someone think they were superior to you in their thinking and they commanded your actions like it or not? This is outrageous.
You do not have a superior knowledge that super cedes the rights of the rest of us. STOP this. Just remember, your current position will eventually change and you will be subject to someone else who thinks they have better knowledge that you.
I strongly oppose regulators determining which investments are the correct ones for me and my family.
Our industry needs to focus more time and effort on educating the general public and engaging with younger demographics K-12 students to help develop financial literacy programs at a younger age.
Im writing to voice my objection to restriction on access to purchasing of leveraged ETFs. I am already required by my broker to assert that I am knowledgeable and financially able to accept the risk associated with these investments. Further, the right to decide for myself is part of Americas greatness. I have benefitted greatly from having leveraged ETF as part of my diverse portfolio. There are more consequential threats to individuals welfare which require policing.
Don't let FINRA regulates member brokerage firms and exchange markets. operating under the direction of the SEC is a mistake. Both are stupid. Let the exchanges run their own operation. Get lost FINRA and SEC.
I oppose restrictions on my ability to invest in leveraged and inverse funds. I'm an adult with an ability to think and understand both potential risks and rewards. A person's understanding is not correlated with his net worth. Continue to allow me the benefit to make money with a variety of financial instruments in a variety of market dynamics.
I oppose any regulation that restricts my right to invest in funds or ETFs of my choosing. In particular, any regulation that restricts the ability to purchase leveraged or inverse funds, provided the funds themselves are regulated by the SEC and full and complete information is available on them such that I'm able to make an informed decision.