Shannon Mulhern Comment On Regulatory Notice 22-08
Its my money and I should be able to decide what to do with it
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.
Its my money and I should be able to decide what to do with it
I use leveraged funds in a an investing plan in which I am fully aware of risks. The government should NOT place any restrictions on the choices of individual investors as incorporating leveraged investments into my plan is my choice and I am under no obligation to do so. If the government desires to meddle in personal affairs, how about educating people about financial programs, investing and responsible spending instead of restricting my ability to make my own choices.
I appose any restrictions on my ability to choose an investment. As an investor it should be my choice to take the level of risk that I am comfortable with and my responsibility to educate myself about those risks. Limiting my choices as an investor limits my potential gains.
The rule makes no sense. You dont need to be a market professional to understand risk that goes with these products.
Hi,
I am very concerned about the FINRA Regulator notice #22-08 with the following reasons:
(1) I should be able to choose the public investments that are right for my family. Public investments should be available to all of the public, not just the privileged.
(2) I am capable of understanding leveraged and inverse funds and their risks. Unnecessary measures and extra requirements actually causes more risks.
(3) Leveraged and inverse funds are important for my investment strategies.
If I choose to invest in these funds, I should be able to, REGARDLESS of my knowledge of these type of investments. If I choose to invest in them, it is on me for any losses, as well as gains, that I incur
Leave my LETFS alone let people make their own investment choices. if used properly LETFS allow ordinary individuals to attempt new strategies without turning to even risker trades such as options.
This is ridiculous. No one has any right to tell me where and how to invest my hard earned money. It's obvious the only reason why you would want this is so retail cannot make more money than a standard lousy 401k or IRA which limits the amount of investment amount for the year. This is about control and making sure you keep retail investment people limited to a certain investment. You regulators are a joke. How about regulating the big banks and there abuse of credit and swaps!
I need protection for my stocks
I should be able to decide what I want to invest in and I don't need to be tested to decide what I want to invest in