Thomas Stec Comment On Regulatory Notice 22-08
We would like to keep on investing in these specialized ETFs. For many they involve strategy and allow us to maximize returns
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.
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We would like to keep on investing in these specialized ETFs. For many they involve strategy and allow us to maximize returns
There is no reason that regulators should decide what a person can invest in. People are capable of making those decisions for themselves without government interference. The leveraged funds I invest in are a core part of my portfolio which offers ways to safeguard my portfolio.
where and how much people invest their money is their business no one else..period. this is more government overreach to tax and fund pet projects and has got to stop.
Here we have people not elected officials overstepping their jobs..these appointed people making rules and regs has got to end. GET OFF THE CITIZENS BACK TO PAY FOR BOGUS CRAP.
As a holder of inverse and leveraged products, I SUPPORT this measure, as ProShares and other financial services company prey on us individual, "retail" investors, and take advantage of our lack of knowledge through their own manipulation and complex wording. FINRA is on the side of the consumer, and even as a consumer who holds products that are in danger of being excluded, it is for the safety of the financial markets as a whole -- PROSHARES has NO INTEREST in educating its clients and ensuring they understand what they are investing in - they make more money the less we know.
Thank you for the opportunity to comment on this. I believe everyone should be free to invest in whatever manner they choose. The governments role should be to prevent fraud. Beyond that it is the investors choice to educate themselves and decide what risks are worth bearing. No agency should attempt to protect investors from any type of investment. In fact, what ends up happening is these protective measures end up being restrictions on the common person while large corporations and high net worth individuals enjoy the benefits of an open field.
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.