Hosain Beckmohamadi Comment On Regulatory Notice 22-08
Investors should decide what products to buy and sell. Where is the "freedom" hypocrisy/propaganda [REDACTED]?
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.
Investors should decide what products to buy and sell. Where is the "freedom" hypocrisy/propaganda [REDACTED]?
The increasing restrictions on regular individuals is impeding entrepreneurship and small businesses in this country and favoring big corporations, whales, and ultra rich. Limiting the tools for the average person isn't helpful. This isn't only evident in this proposition but also in your limitations on crypto companies like FTX etc... I suggest you place a warning in clear and big and obvious place on these tools, but not banning them. Place a referral to your courses if you want.... Stop banning stuff and raising the threshold for normal people to get into the game
I would like to strongly express my displeasure with the SEC proposal to restrict my freedom to invest in any instrument of my choosing. I have been trading financial instruments for twenty years and do not need your opinion as to where I should or should not invest. I find this highly invasive of my privacy and freedom. Leave me alone.
I strongly oppose the new regulations being considered by FINRA. As a private citizen I should not be restricted in how I choose to invest. I understand the risks I am taking in certain funds in which I choose to invest. I don't need regulators to "protect me" from myself. Leveraged and inverse funds are a measured and important part of my investment portfolio and I don't need regulators to hinder or restrict my access to them.
I should be able to choose any investments that I feel are good for me and my familys financial future without having to go through any special processes, testing and/or approvals from others. I have being using leverage and inverse funds to my advantage especially during very volatile markets. I have been using them to my benefit now since 2018. I presently use these funds and this is an infringement on my freedoms.
I am 72 years old, and have been successfully investing for over 40 years. I seldom use leverage, but I don't see how it is anyone's business but mine as to whether I use it or not. I do regularly use inverse funds when the market is trending down, and this is an important part of my investing strategy. Again, I don't need a group of bureaucrats telling me that I am not "sophisticated" enough to know what I am doing. The SEC is just a bunch of rich people trying to tell the rest of us that we can't use the same strategies they use.
To: FINRA Your regulating and limiting investing in leveraged and inverse funds looks like you are giving in pressure from lobbyists. You are not trying to protect individual investors. You are protecting large companies who are making huge profits off folks who dont understand that the advantage of leveraged and inverse funds. I have been using these funds for many years and I dont intend to stop. Large companies have many advantages over us small investors and you are trying to sell out to them. I am not going to accept this without bringing attention to it.
I should be able to choose the public investments that is right for me.
Allow me to invest my funds without interference from any regulations
I totally disagree with the regulators. If rule change all the money I loss with never recover