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William Weiskopf Comment On Regulatory Notice 22-08

In September 2019, the Census Bureau reported that income inequality had reached its highest level in 50 years. COVID begins. Retail investors increase their participation in public markets (now 25% of total equities trading volume), destabilizing the status quo, and costing smart-money hedge funds and investment banks 10s of billions of dollars in losses. FINRAs response is to remove retails access to investment vehicles used by professional traders, hedge funds, and investment banks by means of a we know better and will protect you from yourself hollow rhetoric.

Matthew Buchko Comment On Regulatory Notice 22-08

What kind of nonsense is this - the two companies that run the two leveraged ETFs I own both sent me email alerts about FINRA's potential rule changes this morning, urging me to submit comments on the rules, which have a deadline of only 5 days away?!? That's so unfair it's like FINRA doesn't care what investors have to say, their minds are made up. Consider how this extra burden on brokers is going to raise their costs, and how that's going to be passed along to clients - this rule will cost us money!

Matthew Beauchamp Comment On Regulatory Notice 22-08

I am diametrically opposed to the financial liberty restrictions being proposed. It is abhorrent that such things would even be considered in the United States of America. Free enterprise is the bedrock of our world leadership across the board. It is the height of elitist distain for the common man to deny access to financial instruments while reserving access to the wealthy who can afford the high investment minimums and trading platform fees required to access the same products outside of ETFs. You should be ashamed of yourselves and your careers for proposing such things.