Mauro DiBacco Comment On Regulatory Notice 22-08
I do not feel we should be held out of investing in any instrument of our choosing. It's my hard earned money and I should be able to invest it of my choosing.
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 feel we should be held out of investing in any instrument of our choosing. It's my hard earned money and I should be able to invest it of my choosing.
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.
Three times leveraged funds have in detail the risks involved with investing in them. Investors should be able to make their own decisions on what they put their money in without the guidance or approval of any government entity. Quite frankly, it completely oversteps any authority given to a government entity via the constitution and should ultimately not even be considered. do not regulate who can put money into these, it quite frankly is discriminatory to believe only high net worth people should have access to investing into these.
The only people that these restrictions would benefit would be wealthy individuals with inside information. The Pelosi's have enough money. Stop stacking the system against people like me. Oh, by the way ... I vote.
We want to choose our investments the way we want - not you. We don't want to go through any special processes or test so we can invest in the type of investments we want - we are capabe of knowing what we or understand what we like when it comes to the type of leverage and inverse funds we want.
I adamantly oppose any regulations that would restrict or prevent my right to invest my money how I see fit. It is my responsibility to choose investments, which may include some public investments, as a part of my overall portfolio, and those that would best suit my financial goals.
I use these tools in my investment portfolio. The regulations would absolutely make my families life harder, along with millions of others.
With basic research, one can fully understand the risk that they are taking on. It is up to the investor, not regulators, to ensure they are making prudent decisions.
These regulations will hurt the value of these longstanding products, thus incurring losses for the free individuals who have made the personal decision to invest with these products for decades.
I am against imposing regulations on my ability to invest in inverse and leveraged funds. I have invested in such funds and realize the risk involved and understand the basics of how they work. Imposing regulations on these funds sets a very very dangerous precedent. What will you regulate next? I don't need some government bureaucracy trying to protect me from myself. That is NOT the role of government.
I do not appreciate regulators restricting my choices of what I can invest in by making arbitrary rules.
As an individual, I learned that prior to investing in securities, I had to invest in my own financial education first, including risks associated with leveraged and inverse funds. Instead of making it more cumbersome to invest, consider helping and making it easier so younger generations may start earlier and reap the most benefits.