John Smith Comment On Regulatory Notice 22-08
Please make materials and caveats available to investors instead of restrictive regulations. Knowledge and initiative trump creeping paternalism in government regulatory agencies burdening investors.
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 make materials and caveats available to investors instead of restrictive regulations. Knowledge and initiative trump creeping paternalism in government regulatory agencies burdening investors.
I don't believe the regulator body's purpose is to decide in what I should invest. You should have broad standards that investment vehicles should meet but that is about where it ends. Leveraged instruments have unique risks but I use them with respect. You cannot protect every stupid mistake people can make and still have freedom.
Then only politicians will be able to invest as they please. Just like now! ! !
I, not regulators, should be able to choose the public investments that are right for myself and my family. Furthermore, I do not need regulators to impose restrictive measures. Leveraged and inverse funds are important to my investment stragegies.
Do not want tegulations
Leveraged and inversed funds are a tremendously helpful tool for building wealth in different market conditions. I strongly oppose efforts to limit the availability of these asset types in my investment accounts.
I don't think government has any place in our investments or how we spend our money.
I find the government spends our money in the most WASTEFUL WAYS.
THE WASTE MONEY AS IF IT GROWS ON TREES.
I think we should have some say in how they spend our money because it's obvious the don't know how to handle money.
Rather than imposing arbitrary restrictions or adding more silly click-thrus, how about a focus on making education and training available, giving retail investors and traders the SAME information that institutional investors see. Perhaps the reason retail traders lost money on some of these things is because institutional investors have an artificial advantage created by current rules, and not anything else. There should be a focus on leveling the playing field if you want to focus on anything.
This is the height of arrogance & hypocrisy & is meant to keep small investors impoverished.
I feel this overstepping your authority. Another left scheme to penalize the people trying to be responsible and not rely on our Government