Gerard Russell Comment On Regulatory Notice 22-08
please allow me and other investors the freedom to access a broad range of of investments products that will help us secure a future
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 allow me and other investors the freedom to access a broad range of of investments products that will help us secure a future
With all the frauds and blind greed out there, I support FINRA's new common sense rules! They are not really that onerous, seriously.
Apropos to FINRA for doing their job!!!
This is my second letter to you. We dont need more government regulation on investing. I am a small investor with an IRA. I have a small amount to invest outside of the IRA. However I choose not to invest that money because capital gains tax would eat up any profit. If you want to help the small investor then give us a $10,000 exemption for short and long term capital gains tax in each tax year.
Comments:I am a responsible user of leveraged financial products and would like to continue to do so. The Companies whose products I use are very thorough in explaining the Risk.
The responsibility for researching the investments that are right for any investor fall solely on that investor. While larger organisations and managed portfolio funds have extensive risk-management and analysis algorithms at their disposal, a self-directed individual investor has only the resources they choose to rely on. This is their choice to use as much or as little research as they deem appropriate, and it must be respected. It is not the place of brokers, clearinghouses, other systems, or regulators to impose any barriers, or tests to this end.
Government stay OUT of Peoples finances and investments! We believe in the Constitution of the united states of America
I am fully cognizant of the risks and opportunities in investing in leveraged funds. I should retain my ability to choose my risk levels and such choices should be available to the public at large, not only large futures players. Inverse funds are a way of hedging portfolio risk - Do not make me jump through inordinate hurdles to do so or else I may consider withdrawing from US markets
This is ridiculous that FIRNA is attempting to block me from investing in inverse or complex products when I know enough about what Im investing in. This is an outrage and should be protected for all retail investors.
The only reason this is happening is because a larger number of investors are investing in these waiting for markets to turn south. Ive been watching and waiting since 2008 to do this (as I imagine many others too) and to limit or restrict now that markets are struggling is outrageous.
Investments should be for all the people.
I oppose limitations on my investments.