Patrick Luong Comment On Regulatory Notice 22-08
I'd like to retain my right to invest in the variety of investment products including leveraged funds and crypto-based funds. Please do not take my right to invest freely away.
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'd like to retain my right to invest in the variety of investment products including leveraged funds and crypto-based funds. Please do not take my right to invest freely away.
Let me choose without a special process on investing in leverages and inverse funds.
I oppose restrictions on my right to invest. FINRA shouldn't impose needless restrictions on leveraged and inverse funds. Ability to hedge my portfolio against the downside should not be restricted. Been doing this for 15 years, never had a problem. Government overreach pure and simple.
The new proposed regulations that would impose restrictions on the individual's ability to invest in inverse and leveraged funds are entirely unwarranted.
The very fabric of America's growth and wealth (much of the wealth is given to almost the whole world) has been based on the ability of the average American Citizen to exercise his/her right to decide what is proper and acceptable for them to do, barring illegal acts under our Constitution and State Laws.
Im a hard working, tax paying, middle class American that doesnt want to be limited in my investment options. Its up to me to make that determination for myself & family. It should not be some regulators decision that is most likely detached from the perils of planning for my familys financial future.
I have a number of years of experience investing in leveraged securities and truly hope that you do not restrict investments to these securities as it is my primary investment group.
I oppose limitations to block or restrict my investing activities. All stocks have risk and if measures are sought to restrict a certain commodity then i say stop the whole global market trading as well. This is a gross overreach of FINRA to assume this is in the best interest of the investor. Tsla, amzn, nflz, fb, etc are significantly riskier than a leveraed etf based on the broad market.
I oppose the regulations being considered by the Financial Industry Regulatory Authority for the restrictions to my RIGHT TO INVEST. Leveraged and inverse funds are important to my investment strategies...
To whom it may concern,
The proposed rule is totally against capitalist markets. The whole nature of free markets and security trading is for people to be to decide where to invest. If they lose their investment, it should be their sole responsibility, just like it is when they gain.