Jerry Joslen Comment On Regulatory Notice 22-08
Please do not restrict the access to these funds.
I have used these type of funds for many years... they have had there ups and downs but that's part of investing.
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 do not restrict the access to these funds.
I have used these type of funds for many years... they have had there ups and downs but that's part of investing.
If this becomes regulation, investors should be allowed a period of time to become in compliance before the regulation takes effect. Currently, leveraged etfs have been hit hard from the market correction. If investors are not given time to exit their position, they will be forced to sell shares at a loss. This is bad timing for this change to be implemented, and it should not take effect immediately if passed.
Sirs,
It is not clear what regulations you plan that would limit leveraged/inverse EFT and similar inventments. However, I would like to strongly suggest that anyone with several years experience in stocks/options be allowed to trade them unless their account is in the "savings" category v.s. "investment" category. Restricting experienced individual investors simply puts too much power in the hands of professionals and manupilators.
It just seems that regulators only want hedge funds to make any real money.
I oppose these restrictions on leveraged and inverse funds. I should be able to choose public investments that are appropriate for my investing style. I should not have to go through a special process such as passing a test to be able to invest in leveraged and inverse funds. I am very capable of understanding leveraged and inverse funds and their risks. These types of funds are very important to my investment strategy and are extremely important in a down market.
This proposed rule is an infringement on investors' freedom to invest in whatever they want to. Investors (not regulators) should be able to choose investments that meet our needs. The FINRA better not move forward with this regulation as investors are not in favor of this. No investor should have to go through special classes or processes to invest. Investors have the ability to assess risk, etc. and do not need the FINRA babysitting our investment transactions.
Leveraged and inverse funds are important to my investment strategies. I will take the risk if I decide to purchase a suck kind of product. So there is no reason to forbid us to have more choices.
I should have the right to buy cryptocurrency.
Public investment should be available for everyone, I should not have to go through any special process or a test in order to invest in public securities
Please do not add more regulations and disrupt my right to invest. Bank interest rates are so low that the only way to make any real return on your investment is to invest in the free market. This should not be limited to the super wealthy or a game for tax brokers and their fees.