Gabriel Skipper Comment On Regulatory Notice 22-08
Gabriel Skipper
N/A
To FINRA:
I'm a former member of FINRA, previous holder of multiple securities licenses (for over 20 years) and former registered rep and principle. I'm writing to comment and provide feedback on the proposed limitations in this regulatory notice.
I strongly oppose limitations on my (and other retail investors) ability to utilize both leveraged and inverse ETFs to achieve my investment objectives. My current broker dealer goes to great lengths to educate their retail clients on the risks associated with these products. Without these products, my ability to mitigate risk and implement hedging strategies will be taken away from me.
Having spent over two decades in the investment industry, I think it's reasonable to ask, why should innovation of financial products be available only to professionals? As long as broker dealers both educate and screen retail investors who are interested in purchasing these products (like they do for options), these products should continue to be available to retail investors.
I understand it's one of FINRA's primary responsibilities to protect investors. In my opinion, there are other products and so called new "assets" that are a much greater risk to the average investor.
Please, let us continue to use these products to help us meet our investment objectives. Thank you.
Gabriel Skipper Comment On Regulatory Notice 22-08
To FINRA:
I'm a former member of FINRA, previous holder of multiple securities licenses (for over 20 years) and former registered rep and principle. I'm writing to comment and provide feedback on the proposed limitations in this regulatory notice.
I strongly oppose limitations on my (and other retail investors) ability to utilize both leveraged and inverse ETFs to achieve my investment objectives. My current broker dealer goes to great lengths to educate their retail clients on the risks associated with these products. Without these products, my ability to mitigate risk and implement hedging strategies will be taken away from me.
Having spent over two decades in the investment industry, I think it's reasonable to ask, why should innovation of financial products be available only to professionals? As long as broker dealers both educate and screen retail investors who are interested in purchasing these products (like they do for options), these products should continue to be available to retail investors.
I understand it's one of FINRA's primary responsibilities to protect investors. In my opinion, there are other products and so called new "assets" that are a much greater risk to the average investor.
Please, let us continue to use these products to help us meet our investment objectives. Thank you.