Joseph Lawson Comment On Regulatory Notice 22-08
Leave things alone
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.
Leave things alone
Dear FINRA Regulators:
Stop limiting and restricting the choices of investments including the leveraged and inverse funds made available to us from managing our investment portfolios effectively.
Thank you.
I have been investing for 30+ years and I use both leveraged and inverse products in my investment processes. These products allow me to make an investment decision with a minimal amount of required capital. I can express an investment viewpoint with a third of my cash in the case of a levered ETF while keeping two-thirds of my cash in hand. Not sure why regulators would want to hurt the "little guy" by restricting these types of investments?
This proposed regulation is nothing more than a violation of the right of the people to engage in lawful commerce. A free market economy needs to be a free market for all and not only the social or political elite. I should be able to decide when, where, and how I will manage my money and my investments.
I oppose restrictions on my right to invest in leveraged and inverse funds. Leveraged and inverse funds are important to my investment portfolio and they can help me protect my investments properly. Also public investments should be available to everyone.
Thank you for your consideration.
Why can't working people think for themselves without clueless politicians trying to stick their fingers in our pockets the politicians especially the establishment who are in their 70s+ do not even know how today's world works its time to retire leave our investments alone it's sad enough you want us to put it in a retirement account that we can't touch until we are in our 60s
I have been trading for about 58 years and have traded these ETFs for the past 12. This account is used as a hedge against a market drop and I would not be pleased if any restrictions were placed on my ability to secure them.
My money, my judgement
Please do not take any actions to undermine my ability to invest
Public securities can not be considered public by restricting access to only a certain few. Leverage and inverse funds have been crucial to hedging beta risk during periods of high volatility in my portfolio. Building wealth has become hard enough for younger generations, and adding more barriers to entry past vanilla etf's, mutual funds, or single stocks disincentivizes building equity through public secondary markets.