Cooper Bailey Comment On Regulatory Notice 22-08
Please stop this. Investors need the right to these options.
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.
Please stop this. Investors need the right to these options.
I use both bullish and bearish inverse funds to hedge as well as speculate on upcoming trends in the market. I am able to control my positions and don't need anyone looking out for my best intrests as I'm always 100% engaged when I have these types of funds in my portfolio. If other investors don't take their time to fully understand what they are purchasing that should be neither of our problems. Let them due their due diligence or learn the hard way and hopefully not make the same mistake twice.
I oppose restrictions to my right to invest. I, not regulators, should be able to choose the public investment(s) that are right for me. I should not have to go through any special process, like passing a test, before I can invest in public securities. I am 100% capable of understanding leveraged and inverse funds, as well as the risks that come with investing in them. I do not need a regulator determining whether or not I understand my own personal risk. The securities/funds in question are important to my investing strategies. What is happening to free and open markets?
No regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
Remove settlement days on stock held in a broker account. Stop day traders who push and manipulate the market. Penalize "experts" who say one thing and invest the opposite. Where were you guys when Goldman was making recommendations to it clients and betting against them. Clean the game up before you try to limit participation. What big vested interest is causing to to propose this? Who did you prosecure as a result of the mortgage disaster, the originators, the buyer who resold, the rating agencies, AIG who did not reserve for the policies.
Why is this happening now? Is the economy about to crash and you do not want the average person have the ability to protect their wealth? This stinks of yet more elitism in a system that is solely designed to protect the ultra rich. The rich already have the ability to invest in companies before an IPO, leaving little value for the average person, as one example, so in an unstable economy you want to take away another vehicle to allow us to survive a recession most likely caused by said elites.
I'm presently trading options on UVXY a leveraged Index fund and have been for several months. I'm knowledgeable and capable of trading this instrument.
These tools are important to the individual investor who wish to diversify their retirement accounts. If you take away this tool you are hindering free markets.
Investors should have the right to choose investments. With proper disclosure it should not be a burden to choose complex investments
I should be able to decide which investments are right for me and my family without having to jump through hoops. Some of the investments included in this proposed rule are part of my portfolio strategy and will continue to be to help me hedge against risk. Proposals like this hurt the broader population and benefit those already wealthy by reducing the access to beneficial vehicles and strategies. Stop making it harder to invest.