Katherine Farias Comment On Regulatory Notice 22-08
Stop regulating our investments stop limiting!!!
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 regulating our investments stop limiting!!!
Rather than limiting access to these products, perhaps increase education on them. Leveraged products are not discussed in any academic curriculum on neither a high school level nor university level. Word of mouth is the most common way for people to discover leveraged products. When I was first entering the markets at the ripe age of 15, one of the first investments I was told about was DWTI - the Direxion inverse 3x leveraged crude oil ETF. Watching it swing 20% in a week taught me a lot about risk management and capital gains.
I believe myself and other retail investors should have the ability to utilize "complex" investment products. The risk factors involved are clearly communicated by the prospectus and even by the disclosures from the brokerage prior to investing. The ability to utilize these funds is instrumental in optimizing out portfolios to meet our investing goals.
I am totally opposed to any restrictions on the freedom to choose what securities I'm allowed to buy. If protecting the public from excessive risk is the goal, then there are overwhelming categories of securities that Regulators would have to restrict. We would have not a free market but a restrictive one. It is the individual's responsibility and right to determine how much risk he/she is able to accept, rather than a matter to be regulated. Neither is it good to qualify investors with tests and processes, which inevitably act as deterrents.
I feel that no one has the right to restrict anyone in there right to invest in any stocks or bonds . These people have the right to invest in any way they see fit ... Thank you.
I should have the right to invest MY money the way l decide. There is no good reason for this proposed rule.
Let me invest as I see fit. Please spend your resources on other scams.
Its important that these investments are made available to investors like myself.
I apposed my restrictions to my right to invest .
Leave our money alone. Would this effect your millions you people get while sitting in office. Hands OFF !!