Muralidhar Nuggehalli Comment On Regulatory Notice 22-08
Please allow this decision to the buyer
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 allow this decision to the buyer
Frankly I dont understand the rationale behind this suggested change. I am definitely a small investor. Under my 401k rules I am prohibited from shorting stocks, nor may I purchase put options. The only methods through which I can possess some ability to protect myself in an all out bear market is /was through these equities.
If this suggested change becomes a reality I (and many others) will just have to grin and bare it when the market dives.
Dear FINRA,
I oppose limitations on my ability to purchase leveraged & inverse ETFs. These ETFs are critical instruments to hedge my investments to maintain value in volatile markets. Hedging instruments should be available to all the public, not just the privileged.
We strongly oppose any government restrictions on trading leveraged funds
Im a normal everyday retail investor who's been continuously using leveraged ETF's for multiple years now.
Im a simple investor dollar cost averaging my funds and realize the risks that come with it, and that I could potentially lose everything.
Please understand that restricting retail investors and only allowing people with a "high net worth" or "experienced professionals" is simply unfair for those who are pushing towards a truly fair market where everyone can decide how they want to use their money.
I explicitly oppose the restrictions to my right to invest. No one, specially not regulators, should be able to choose public investments. There shouldn't be hoops to jump through just to do what the privileged are able to do. My choice of investments, in this case, leveraged and inverse funds are key to my personal success by protecting my other investments. You do not have the right to tell the public how to manage their money, stop it now!
We should be able to choose the public investments that are right for us and our family. And public should be treated equal, public investment should be available to all of the public not just the privileged.
Public securities are just that, "Public". And, if crypto related public securities are having special testing/restrictions being placed on the security in advance of the investor choice, this is an undue and illegal method to reduce investor interest or involvement in the related security.
I oppose restrictions to my right to invest.
Please do not deny me the freedom to choose investments that could
help you achieve long-term financial security.