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2019061067510 Electronic Transaction Clearing, Inc. CRD 146122 AWC gg (2022-1655684432006).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2019061067510 TO: Department of Enforcement Financial Industry Regulatory Authority RE: Electronic Transaction Clearing, Inc. Member Firm CRD No. 146122 Pursuant to FINRA Rule 9216, Respondent Electronic Transaction Clearing, Inc. submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

James Golibersuch Comment On Regulatory Notice 22-08

Dear friends at FINRA. I've put up with some of your absolutely ridiculous decisions over the years. As a retired Investment Advisor with Merrill Lynch and Wells Fargo, I say, as long as the investment makeup and risks are clearly stated, then its buyer beware. Leveraged and inverse funds present a great opportunity for intelligent investors. All others, stay away. And FINRA, stay away.

 

Zachary Smith Comment On Regulatory Notice 22-08

I have used these funds to help increase me reach as a small initial investor. I do not have the capital to reach certain funds so I am to get returns and execute strategies I would rather not be able to complete without the huge amount of capital necessary. Without these funds I could not actively track and invest in theories that are other wise costly and inaccessible to small investors.

Jennifer St John Comment On Regulatory Notice 22-08

I am a 50 year old woman that manages my own investments. I am opposed to the restrictions that could be placed on leveraged/inverse ETF's. They are my investment vehicle of choice. I am well aware of the risks involved, and still choose to buy/sell these ETF's. They have proven to be an excellent tool to hedge my portfolio. The decision to invest in these ETF's should remain with each individual investor, not with a bureaucrat.

Hugh Oliveto Comment On Regulatory Notice 22-08

Sirs,
I wanted to let you know that I do NOT support the proposed measures on inverse and leveraged ETFs. I work and pay taxes and practice due diligence on my investments.
I do NOT need regulators to tell me how to invest MY money. I pay their salaries with my taxes, and want them to butt out!
To put rules in place to limit my options suggests that we may need less regulators and the (corrupt) politicians that support them.