Elijah Auger Comment On Regulatory Notice 22-08
This is special interest lobbying to keep the little guy down. Do not want.
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.
This is special interest lobbying to keep the little guy down. Do not want.
By restricting access to investment strategies that are readily available to wealthy investors through OTC products, FINRA would only be widening the wealth gap between the 1% and the 99%.
Education and not regulation is the answer!
It does not make any sense to try and make it harder for the common man to invest in the very vehicles designed for them in the first place. An ETF was originally made by Morningstar to make it so anyone could invest without having to have extensive knowledge or even actually knowing about investing. And now you want to undermine this? This tactic is nefarious and you all should be ashamed. Maybe get some trading skill of your own if you can compete with the average Joe and his ETF.
This rule is [REDACTED], and something that should never happen in a free market society.
Doing this would cause massive shareholder panic and possibly liquidate my investment. The market is based on perception today, and a fund that is difficult to buy into is one that will be avoided. All investors should have the right to chose any vehicle they like with the fair market place.
Please don't limit our choices.
The recent market volatility has nothing to do with people buying leveraged or inverse funds. It is the result of Fed actions, world events and mutual fund redemptions.
Please do not make us bear that burden.
It is not fair to limit the publics ability to invest in these funds.
Do not limit my ability to be able to trade funds. This is class warfare, and everyone should have access to the same tools.
There are many securities that are highly volatile. People legally invest in penny stocks and crypto currency. Why were these ETFs singled out? They serve a real purpose. I have used them personally to address or hedge broad market positions and commodity positions. I think it is up to the investor and their advisors to select appropriate investments.
I suspect more harm has been done to investors in securities such as Netflix and others that have huge sell offs than has been done by all of the leveraged and inverse ETFs.