Mark Musburger Comment On Regulatory Notice 22-08
I oppose this legislation. I'm perfectly well qualified to make my own decisions regarding investment strategies, and it is not the place of government to regulate my investment decisions.
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.
I oppose this legislation. I'm perfectly well qualified to make my own decisions regarding investment strategies, and it is not the place of government to regulate my investment decisions.
Leveraged funds are critical to my investment strategies. Yes, I have lost money at times, but I understand the risks. A risk I can't plan for is regulation taking away my ability to make the right choice for me and my investment goals and risk appetite.
I think every investor should be allowed to invest in the securities they wish to -- regardless of their net worth.
Greetings,
I am writing to inform you that I oppose any restriction on leveraged investing aside from warnings that they are not to be held long term. I believe that they are an invaluable tool that everyone should have access to, but not everyone should use. I am well informed and have determined that, considering my unique, highly risk-tolerant financial position, that these tools have great use in my portfolio, despite having knowledge that I could lose the entire investment. People in a free country have a right to risk.
Do not limit my investment options.
Americans should be able to invest however they want to invest without requiring any government approval. The government cannot keep nannying over the American public, considering how bad they are at nannying themselves. The unintended consequences of this will be brutal, so many entities will not get the investment it needs and many Americans will be split by who's rich enough to invest in the secret regulated securities and who's not. This undemocratizes investing and favors the rich. This does not protect anyone.
I prefer making my own investment decisions versus regulators who can manage their own assets BUT need to learn to leave my decisions up to me. Unless they are actively trading their own assets and clients' retail assets, I find their wanting to rule on these matters self-serving, ignorant to peoples' rights to educate, learn and wisely choose and highly unreliable to ethical standards for selection and education.
I want education and awareness. I prefer regulators and politicians get educated and avoid illegally censoring our choices.
Financial decisions are included in the rights guaranteed to individuals in the pursuit of life, liberty and happiness. Those so engaged understand and accept the risks involved in such activity. The only things guaranteed in life are death and taxes.
Please don't take away our rights to invest our money as we see fit.
Please do not restrict leveraged ETFs
I object to the Finra proposal Rule#22-08