Abhishek Baheti Comment On Regulatory Notice 22-08
Please let us have the access and enforce right training.
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.
Please let us have the access and enforce right training.
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".....
Do something useful like educating the public and not just restricting access. It's my money, i should be able to buy what i want. I can go to war for this country, but I can't buy some advanced investing products?? Maybe we should dissolve FINRA instead. Will make sure I complain to my elected officials
I use double and triple leveraged long and short index funds as one of multiple tools to implement my investment objectives. I invest a small percentage of my investment portfolio in leveraged assets. These leveraged investments achieve a small dumbbell portfolio distribution in what is predominantly a conservative porfolio.
I am a high net worth investor and require special permission to invest in leveraged index funds on my investment platform which includes review of applicable material.
FINRA should not infringe my right to trade leveraged funds. It's as simple as that.
Comments: I BELIEVE ALL INVESTORS SHOULD HAVE ACCESS TO LEVERAGED AND INVERSE ETFS. ALL INFORMATION WHICH HAS BEEN PROVIDED TO ME ABOUT THESE PRODUCTS OVER THE YEARS HAS BEEN VERY CLEAR IN DESCRIBING THE PRODUCTS AND THEIR RISKS. I HAVE RUN THE NUMBERS MANY TIMES USING HISTORICAL DATA AND FIND THAT LEVERAGED PRODUCTS CAN BE HELPFUL AND SOUND INVESTMENTS.
To whom it may concern,
PLEASE do not restrict access to leveraged ETFs. I can take responsibility, as all adults should - and we do not need anyone to restrict our ability to choose investments that match our risk/reward profile. All stocks require knowing their risks before investing, and leveraged funds should be treated no different just because they might be more risky. Leveraged funds are an integral part of my investing strategy and portfolio.
I oppose any efforts to restrict investors right to purchase public investments.
Locking investors out of common investment products based on factors such as net worth imposes undue burden on investors and does little to provide protection for inexperienced investors. Those same people that are supposed to be protected by this can easily treat the market as a casino in a myriad of waysor just go to Vegas. Trying to restrict a broad section of the public is not the answer. Thanks