Joseph Hourihan Comment On Regulatory Notice 22-08
Please don't put any more regulations/restrictions on my public trading rights. It just makes the whole process more complex than it has to be. Remember the old saying KISS ! Thanks, Joe
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 don't put any more regulations/restrictions on my public trading rights. It just makes the whole process more complex than it has to be. Remember the old saying KISS ! Thanks, Joe
I do not want to lose my right to invest my money where I want! Too much government oversight!
Doint tread on me
I've already had Vanguard restrict my options on inverse funds and I don't need you to pile on. I would prefer more personal freedom to make investment decisions. I don't need or desire your "help".
Comments: I've been using leveraged ETFs for many years and am well aware of the added risk. My experience is that the risk of the leveraged vehicle is not much different than investing in individual stocks. It is easy find examples of stocks that are far more volatile than the leveraged product. For example, a two year chart of ROKU with TECL would show that the leveraged ETF was a much better choice. A two year chart with NVDA shows a similar return with the the leveraged product (150%). The advantage of the ETF of course is that there is greater diversification.
Individual freedom to select how to allocate financial resources should not be restricted. The price of freedom is eternal vigilance not eternal restrictions
I don't need your protection from leverage risk, inverse funds, cryptocurrency or any other investment opportunity I find it laughable that inverse funds would even make you list, given all the downside risk currently being created and allowed by regulatory bodies. Protect me from the FED before you do anything else!
Fareness is gone when one person can invest and the next person in line cannot invest in the same venture. That is not justice.
Please do not change the rules regarding leverage and leveraged exchange traded funds. This would detrimentally affect my portfolio today and my ability to earn in the future.
Comments: My broker already gives proper warning and reviews request to access these types of trades. Retail, new, and small investors are already at a disadvantage in todays market that allows high net worth entities access to trading outside regular market hours and through AI driven trades that give them a leg up when new information is presented to the public. Adding more restrictions or limitations will further drive the wealth gap and will not benefit anyone but those already with the upper hand.