Brandon Kennedy Comment On Regulatory Notice 22-08
FINRA should issue advisories to potential investors, but not income or knowledge requirements that restrict investment.
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FINRA should issue advisories to potential investors, but not income or knowledge requirements that restrict investment.
Please let everyone invest in whatever they want to. Thanks
Please let us invest how we want. We all know the risk.
I am a small investor, and feel that Proposed Rule #S7-24-15 will restrict my ability to realize the full value of my investment. Thank you.
These regulations, which are supposedly designed to help retail investors, are actually harmful and affect the ability of individuals to choose how to invest their money.
I believe that I - and not regulators with potential agendas should have the right to choose the public investments right for me -- and these shouldn't be restricted to just the privileged. I shouldn't need to go through any special process or testing before I can invest in public securities (such as leveraged and inverse funds) since I'm quite capable of understanding the risks and rewards. TQQQ, SQQQ and similar products are an integral part of my investing plan and can be understood and used effectively by the general public.
I partially trade with a US broker in order to have more access and freedom in my choice of investment vehicles. Making 'complex' funds only freely accessible to the elite and exorbitantly rich (like in the EU), whilst creating more and more hoops for regular people, will only limit opportunities for regular smaller investors. I should have the freedom to do with my own money as I wish, without facing discrimination based on socio-economic status. Why can we, without demonstrating financial literacy, sign for a credit card with a 16% interest rate?
Please keep the democratization of investing as is. This has traditionally been reserved for the ultra-wealthy, with everyday citizens becoming more educated and securing wealth. Regulators should not change the laws in a way that only benefits the elite. The proposed changes are clearly meant to keep out a large portion of the population from investing opportunities, while decreasing competition for top-tier investors.
I like to trade the high levrerage fund as i wanted
Are you seriously considering g the rights of small investors? The concept that we would have to move to a hedge fund, or to the options markets, both open options, but far less protective than the 40 Act seems absurd. What jurisdiction does Finra have, they arent considered under the 40 Act. Once again, this appears to be a power grab by an over zealous regulator.