Yu Kim Comment On Regulatory Notice 22-08
I oppose restrictions on your right to invest in public investments
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 restrictions on your right to invest in public investments
The government needs to keep its hands off our liberties and freedoms. I will contact my congressman to limit the power of SEC over reach. Leveraged ETFs are a vital to my family's investment strategy. We do not need the SEC to protect us from ourselves.
This is a fair and free market that should allow the people to invest freely. The collusion we have seen within both congress and the senate without accountability is a contradiction to what you are trying to do to the people you are supposed to protect and represent. I do not need to qualify in order to invest, as a tax paying citizen of the U.S.
Please don't hurt the little guy by removing these valuable tools that enable small investors, at very low cost, to protect our nest eggs against big drawdowns. Big investors have ready access to these sort of tools, but as a small private investor I won't, if you remove these from the marketplace.
Year after year, as I find ways to increase my net worth and diversify my portfolio, regulators seem to step in and take away more and more tools from my personal finance toolbox. It's really frustrating and, with each new regulation, it seems as though only the currently wealthy and high net worth individuals are able to pursue high risk/high return strategies. I understand the risks and only pursue these strategies with money that I can afford to lose. There is no difference between investing in a leveraged fund versus investing in many individual stocks these days.
This is unwarranted, unjustified, and unnecessary. Investors should be able to make their own decisions about what they invest in, and when, and how. Fund family vendors provide all the information necessary about their product(s) to let any investor who TAKES RESPONSIBILITY for THEMSELVES for their actions to understand clearly what they are investing in, and the risks inherent in that investment. This is going to HURT the very investors you CLAIM to be "protecting". Stop, stop NOW!
Do not restrict
I need the LEVERAGED AND INVERSE FUNDS during these few years. I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST.
I am of the strong opinion that individual investors should be able to make their own decisions on the vehicle they choose to invest in. It should not be governed by ones net worth, passing of a test or any other qualifications..if so you are limiting the ability to invest in these instruments to the top few you are once again taking away the ability of the small investor to invest/risk their capital as they see fit.
I can make my own decisions, thank you very much. I can limit my exposure by choosing not to purchase, purchase a small amount, or as much as I want. As a former banker, somewhat successful businessman, and a veteran, I believe I understand risk better than any government employee, who enjoys a risk less salary, risk less retirement, risk less employment, risk less tenure and benefits that exceed most private sector jobs. Public securities exist for the public to invest in.