Scott Steele Comment On Regulatory Notice 22-08
Please don't take this SQQQ vehicle away at this time. I've been in it for the whole bull market and now that it's a bear market I'm finally getting my money back.
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 don't take this SQQQ vehicle away at this time. I've been in it for the whole bull market and now that it's a bear market I'm finally getting my money back.
As a life-long investor and a former registered representative with a Series 7 license, I learned that each person's investment strategy is unique to their current, as well as future, needs. Also, each individual's net worth may require hedging strategies that only leveraged and inverse funds can provide. To restrict access to these investment products means that regulators know the reasons each person's investment portfolio uses leveraged and inverse funds, and assumes these reasons are somehow counterproductive and/or unsuitable.
I think imposing restrictions on exchange traded funds is a bad idea. I don't like the idea that I should have to jump through hoops to put a few bucks into an ETF. I guess if you do this it might pay to start sticking my money under the mattress.
I am strongly opposed to further regulation limiting access to ETFs that are inverse/leveraged. These give a way to protect my Retirement funds in case of extreme reversals. I am just an average retiree that prefers a way to protect my IRA that took years to build.
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'm full capable to understand leveraged and inverse funds and their risks. I do not need these measures imposed on me.
I oppose restrictions on my right to invest in public investments. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special processes like passing a test because I can invest. I do NOT need any additional measures imposed on me. Try putting some better restrictions on congress, the house and house speaker's husband instead of restricting the general public. I am well versed in handling leveraged and inverse funds and their risks.
Dear FINRA, Everyone should have access to invest in UltraPro and UltraPro Short ETF's.and other funds without limitations. We should all have the right to make the investments in public securities that we choose and they should all be available to the public.
I invest in these securities, UltraPro and UltraPro Short ETF's to help protect my investments and keep positive returns.
I oppose limitation on my investment, please stop the regulation.
I not regulators 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.
Leveraged and inverse funds are important to my
investment strategies. They help me
protect (hedge) my investments or seek enhanced returns.