Ricardo Vicuna Comment On Regulatory Notice 22-08
Public Investments should be available to all public not just the privileged.
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.
Public Investments should be available to all public not just the privileged.
Please do not limit what people may do with their investments with broad sweeping legislation. It would be better served via waiver acknowleding the risks affiliated with "complex products."
Dear FINRA. Please do not restrict access to leveraged products for individual investors. These should be available as a portfolio management tool. Have brokerage firms provide an extra disclose if needed but do not remove investors access to these helpful wealth creating tools.
Comments: I don't think you should restrict these, but there should be a waiver or some acknowledgement of a risky leveraged product.
I strongly oppose SEC Proposed Rule #S7-24-15, which is to unreasonably restrict my right and benefit to make the best of cryptocurrency ETFs as one of core segments of my ETF portofolio. With the recent growing liquidity for cryptocurrency, I cannot sense any peculiar risk characteristics in cryptocurrency ETFs, compared to more commodity ETFs or FX ETFs. Also, with the recent jump in inflation all over the world, demand for more variety of risk hedging tool in ETF portfolio is sky rocketing.
I strongly oppose the new proposed restrictions!
I do not want crypto currency to be heavily regulated so I cant invest!
Leveraged ETFs are not always more risky or complex than an individual company stock. Some companies have very complex operations or products that are harder to understand than a 2x ETF. The risk of a single company going to zero value is probably larger than the risk of an 2x stock index going to zero. The use of a leveraged ETF could be related to a need for liquidity, or be tax related.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST in crypto.
Although I am opposed to restriction of access to complex investments for anyone, I fully support efforts to ensure that consumers are provided full disclosure in layman's/non-financial-professional terms about the complexities and risks that may effect their investing and investments.