Matthew Worden Comment On Regulatory Notice 22-08
Regulators should not determine what we can invest in.
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.
Regulators should not determine what we can invest in.
I, and or my broker, (not regulators) should be able to choose any public investments that are right for me and my family. Public investments are my freedom of choice, and should not be regulated or infringed upon by anyone out side of my household. I believe "Investing" should be available to all who want to do it, public or otherwise. (Free Enterprise), not just the privileged. We clearly understand that all investments are not guaranteed, and I never would invest what I cannot afford to loose.
the leveraged funds, both long and short the underlying, are important tools in portfolio construction. The open and free markets and skill sets should determine the winners and losers, not selected regulations. And we the investors should have to be responsible for our own actions, whether the results are good or not. Nor should we be subjected to pass an exam of sorts to qualify. The current method where the broker asks us to "requalify" is intrusive enough.
Allow me to trade the market how i deem i dont need big brother telling me how
I am opposed to any changes that would restrict my right, to chose to invest, in any financial product, I feel fits my needs.
ALL investments in the stock market are a GAMBLE. What is the gain?? In truth, all an investor can gain over the long run is an average dividend. Since all investing is a gamble, why target JUST leveraged stocks and funds?? If you want to stop gambling, just close ALL market trading.
Im opposed to FINRA putting regulations on trading proshares. People who risk their money understand the lessons and can learn from the market volatility and stability. Thanks
Based on my own investment and accounting experience, education and forma FINRA licensing I am capable of understanding leveraged and inverse funds and their risks. I should not be required to go through any special process or passing a special test before I can invest in any public securities, including leveraged and inverse funds. I should be able to choose whatever public or private investments that I deem are right for me and my family not just who you deem are privileged investors.
Regulators need to focus their time and energies to stop the other Bill Hwangs out there that are making millions/billions doing illegal trading than us small fish trying to earn a few dollars on Inverse and Leveraged ETFs!