Frank Ullman Comment On Regulatory Notice 22-08
Barriers to investing should be removed not subject to increased regulations. Enough with the SEC's paternalism in the guise of protecting retail investors.
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.
Barriers to investing should be removed not subject to increased regulations. Enough with the SEC's paternalism in the guise of protecting retail investors.
It should be the responsibility of the individual investor to determine the risk of using these particular products. The notion that somehow some regulation can "save" investors from making bad investment decisions is an illusion. Investors should have the right to invest as they see fit without any intrusion by any third party, government or otherwise.
There is no reason for such overregulation. I have been investing in such funds for many years and wish to continue to do so without interference. Regulations like these just complicate the process and make it more expensive and more difficult for investors to participate in free markets.
I support increasing regulatory scrutiny of complex investment interests to prevent powerful financial interests from using them to scam ordinary investors.
I believe as an investor I should not be limited to certain funds while others are allowed to use them. This bill is simply another example of law makers giving the upper hand to Wealthy investors only
Investors should have the ability to research and then make their own investment decisions with inverse/leverage to help hedge risks.
I use and fully understand the risks of ETFs which short the market. I need these to protect my principal in down markets.
Please stop prohibiting our only way to involve into future markets
I would like to keep my ability to use leveraged funds.
I have been investing for 12 years on my own. Throughout this time I have had to deal with various incidents of government officials trying to "protect me" by restricting what I can and can not trade on the markets. Well guess what IT IS NONE OF YOUR BUSINESS WHAT I DO WITH MY MONEY! Restricting complex products is quite frankly not your job. If I want to buy them it is my choice. If I lose money then so be it. These may or may not fit into my investing strategy but it is my right to make this choice.