Ostap Szwabinsky Comment On Regulatory Notice 22-08
STOP BABYSITTING PEOPLE. SOME OF US MAY BE SMARTER THAN YOU
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.
STOP BABYSITTING PEOPLE. SOME OF US MAY BE SMARTER THAN YOU
You let companies leverage 100x and expect us to be ok with it when you don't even allow 3x for us "regular" people.
I strongly believe that I (or any individuals) should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
I oppose restrictions on my right to invest in public investments such as leveraged and inverse funds.
I, not regulators, should be able to choose the public investments that are right for me. Public investments should be available everyone, not just the privileged, or those regulators deem suitable enough.
I do not agree that I should have to go through any special process or pass a test before you can invest in public securities, like leveraged and inverse funds.
I am capable of making my own decisions on the risks and advantages of my investment options.
Do NOT restrict trading these securities. It is unfair to characterize all retail investors as inexperienced/unable to trade knowledgeably.
Dear FINRA, My name is Joshua Barnes, I live in Midland Texas with my wife & daughter. Im a part time retail trader, currently working full time in the energy field, with hopes of self retirement within 15 years. Part of my retirement plan consists of trading all kinds of revenue vehicles, i.e., common stocks, ETFs, stock options, leveraged ETF/ETN, etc. For what its worth, I do recognize the need for FINRAs legal/administrative involvement in retail trading.
Wish to use as a hedge in a portfolio.
I am well educated on the working of the stock market and it's various products, including leveraged and inverse funds. I don't need to pass a test or have the input of regulators on my investment choices. My retirement funds largely come from an annuity product at this time with minimal input of the investments. I use stocks, mutual funds and inverse funds to enhance and/or protect my total portfolio. I'm extremely happy with this process and look forward to use it without interference from the government.
I Work hard for my money and i will invest as I feel inclined.