Tom Rivers Comment On Regulatory Notice 22-08
why should faceless regulators tell me what I can or canot invest in?
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.
why should faceless regulators tell me what I can or canot invest in?
This is another example of government over-reach. I should be able to choose the public investments that I deem are appropriate for my goals! I am quite capable of understanding risks associated with securities, as well as those associated with crypto-funds such as BITO. I do not need special processes passed on to me to pass a test, nor approval of my broker.
I believe I should be able to choose whatever investments I feel are right for me and my family. There is no need to go through any special processes like passing a test, before I can invest in public securities, like leveraged and inverse funds. Those measures should not be imposed on me. I often use inverse funds to protect my portfolio or to increase my returns when the market moves against me. Therefore I am against the proposed changes.
Please do not take away my right to invest in leveraged etfs. I understand the risk involved. I can buy apple stock or leveraged etfs and potentially lose every dollar I invest. One can only lose the amount of money they invest in leveraged etfs unlike options where your loss can be infinite. Why is this being targeted? I question the intentions behind this. Please do not overstep your reach!
Every citizen in the United States should be able to invest in any stock in this United States it should not be limited to the rich evil pigs that rule this country your time will be finished soon because God has started tribulations
Individuals, NOT regulators, should be able to choose our investments. There should not be a special process so individuals cannot use inverse for leveraged funds. I am fully capable of making my own investment decisions. Are they any more dangerous than investing in NETFLIX that can drop 25 to 30% in one day, NO!! Leveraged and inverse funds are important way to protect investments on market pull backs. These are important investment strategies. DO NOT REGULATE!!!!
As a small investor I have been invested in leveraged & inverse funds for years. I should be able to chose the investments that are right for me without going thru any special provisions. Public investments should be available to all the public not just the privileged.
I believe all individuals willing to invest in publicly traded assets should have complete freedom to invest in whatever investment they deem appropriate for themselves. Especially in a day and age when there is already so much public disclosure and free financial education, one should be able to invest in any public asset he or she believes fits them and their risk profile.
I am responsible for my financial decisions and regulators are only responsible for creating a level playing field. A special process is not necessary and onerous for anyone to invest in public securities and it is not the regulators responsibility or charter to protect citizens from making decisions that are the individuals to make. Hedging is critical to my investment strategy especially with the current instabilities in the economy.
I do not support additional regulation in this area. Thank you.
I'm a retail investor. Please don't make it harder for retail investors to define their own strategy. If that strategy includes leveraged ETFs, as it does for me, we're capable of evaluating that risk for ourselves.