Michael Finch Comment On Regulatory Notice 22-08
We are in America all investment should be equally available The idea of being American is to do better then your forefathers on your own efforts
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We are in America all investment should be equally available The idea of being American is to do better then your forefathers on your own efforts
I absolutely agree!
Sir/Madam, FINRA Regulatory Notice # 22-08 I consider it is my right and privilege to invest in the publicly traded securities like leveraged and inverse funds as part of my investment risk and returns. I have the knowledge and understanding about these securities and the risks that are involved as part of my investment strategies, the returns and loses that could come from these kind of investments.
Its constitutional right for everyone to freely make his/her own investment decisions. Please stop imposing any restrictions.
You have no right to stop us from investing in anything we choose to! We need to reduce the size and strength of government.
The whole point of having access to decentralized finance is so we have an opportunity to take some of our fiat currency and attempt to preserve our assets value in the midst of inflation. Please keep your hands out of my pockets. I already pay every tax under the sun.
In the past 40 years, federal policy has increasingly placed responsibility for retirement saving squarely on the shoulders of individuals. It is highly inappropriate for the government to assign that burden to individuals, then limit or restrict the sorts of investment vehicles available to individual investors. That includes leveraged funds, which, when the associated risk is properly managed, can produce outsized returns to an individual with otherwise limited means and help insure a comfortable retirement.
Leveraged/Inverse Products ... like other investment products, leveraged and inverse funds or ETFs have a useful purpose for those who have some understanding of the terms "leveraged" and "inverse"...
All a person has to do to understand what "leveraged" or "inverse" means is some MINIMAL research on their broker's website or the AAII website or any of dozens of other investment/financial websites readily available.
Please do not limit my ability to invest in certain products, such as leveraged ETFs. I know the risks; I understand these securities.
I have invested with these successfully in the past.
If these regulations are imposed, it will eliminate the neccesary credentials used to conduct business. If you do away with the series 7, FINRA opening the door to deception, coruption and illegal activity.