Jesus Mesa Comment On Regulatory Notice 22-08
I oppose any limitations or restrictions on my ability to my acquire any type of publicly traded funds.
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.
I oppose any limitations or restrictions on my ability to my acquire any type of publicly traded funds.
There is nothing illegal about it, its just another trading vehicle. All currently permitted forms of trading involves some dimension of risk. It is upon the investor to understand the risks.
I should be able to choose the public investments that are right for my family. Public investments should be available to all, not just the privileged. Leverage and inverse funds help me hedge my investments.
Inverse funds are helpfully in a down market. I am using one with success. They are an alternate for shorting in retirement accounts. However, I believe some details in how they are structured could make them more useful.
I 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. Furthermore, I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I did not have to do this to make a purchase. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures Imposed on me. Again, there was no test when you taken my money.
I am against the passage of Proposed Rule #S7-24-15. I have found leveraged and inverse ETF's easy to understand and trade. The risk involved in high beta stocks can be higher. I prefer to trade long in lieu of short selling and puts. Inverse EFT's are my vehicle for being long but bearish.
Regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
First, I should be able to choose which investments and tools that are available to accomplish my investment goals without any assistance from the regulator. Hands off please. I have been successfully using these tools in my portfolio for a long time and would like to continue to use them.
I am capable of making my own investment decisions.
* Hurts Investors: It could potentially deny my the freedom to choose investments that could help me achieve long-term financial security. Upends Our Regulatory System: Under the long-standing disclosure-based system, investors have the right to decide which public equities, bonds and funds they want to buy. * Investment always involves risk. It is investor's responsibility to control the risk of our own money, not regulator's.