Donald Acosta Comment On Regulatory Notice 22-08
Comments: FINRA, Please do Not limit access to Leveraged and Inverse ETF Products. Regards, Donald Acosta
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.
Comments: FINRA, Please do Not limit access to Leveraged and Inverse ETF Products. Regards, Donald Acosta
As a retail investor, who has been actively trading in the last 2 years and these regulations are very much targeted at, I do not agree with the proposed rule/guidance changes. FINRA has already placed many barriers to retail investors in the form of PDT rules, $25k capital requirements, etc. At no point in my journey as a new trader have I felt that the restrictions benefitted me or protected me and actually feel I have been harmed by the existing limits such as PDT. Learning to trade stocks, options, leveraged ETFs, etc. does take time and requires understanding risk.
Comments: Life, liberty, and the pursuit of... Independence and freedom. Restrictions and censorship is NOT a means of protection. Direxion offers a plethora of information and the intial education of Inverse ETFS. The established Indices: DIA, QQQ, SPY, IWM, etc., are available for investors/traders without restrictions I humbly request consideration to please allow ALL ETFS access to a level/equal market. Thank you for your consideration. P. Baker
This regulation makes little sense. It is a severe violation of investment freedom, which hampers people's abilities to leverage their investment options and medigate risks. I strong oppose such authoritative regulation!
This is a disgrace to any mindful investor. I would sue FINRA, even if I hold licenses, if any further action is considered to restrict the core products I trade.
I was directed here from an advertisement on Reddit. TL/DR: I fully approve of your work (in general) to protect the public from the cesspool of fraudulent "investments". This includes "complex" investments, and (in my own area of higher knowledge), all of the "crypto currency" and NFT and similar investments.