Gowthami B Comment On Regulatory Notice 22-08
To the regulators,
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.
To the regulators,
Restricting access to these investments would be totally unfair to any investors that wish to trade any of these investments, nobody is forced as it is totally voluntary.
Why would restrict anybody's access, this is supposed to be a free Country.
I oppose these regulations
While agree with the spirit of this proposed rule, in that investors who are at risk of being taken advantage of must be protected. I am concerned that the implementation and interpretation of this rule may negatively impact retail investors who are investing for themselves away from retirement accounts. I personally know many individuals who opened a Robinhood account during the pandemic and began trading leveraged ETFs, ETPs with the underlying asset as futures on crypo or commodities, and options.
Please let me choose my own investments
Exposure to risk in financial world to gain certain reward should be a choice. All these choices in Market is what makes it beautiful. PTD rule is ENOUGH to protect the retail investors.
Please keep your hands off our investments. These Funds provide us smaller investors an opportunity to participate in leveraged investments that would normally not be available. Insiders, such as our Congressmen, can participate in investments they can literally control without OUR ability to know about. Leave these ETF's alone.
I oppose this restriction on my investing abilities. I believe this decision should be mine to make.
USA is a free country with free market. It by no means is a COMMUNIST country. Leave it beautiful and let it be. Please do the right thing.