I am strongly against FINRAs proposed limits that may restrict access to L&I Funds or to disqualify me from trading L&I Funds or other "complex products".
I have a strong understanding of the characteristics and risks of L&I Funds, and that their purpose is for short-term active trading, and that they should be monitored regularly.
My brokerage firm provides warnings in connection with my investments in L&I Funds, and their rationale.
I believe any sort of restrictions on access to these funds and investment instruments will severely limit my ability to grow my personal wealth. And, with the proposed restrictions, the "democracy" of free investing in our country will be severely impacted. This could also lead to an even wider income gap where the rich get richer and the poor get poorer.
Please do not go forward with these restrictions.
Michael Vig Comment On Regulatory Notice 22-08
I am strongly against FINRAs proposed limits that may restrict access to L&I Funds or to disqualify me from trading L&I Funds or other "complex products".
I have a strong understanding of the characteristics and risks of L&I Funds, and that their purpose is for short-term active trading, and that they should be monitored regularly.
My brokerage firm provides warnings in connection with my investments in L&I Funds, and their rationale.
I believe any sort of restrictions on access to these funds and investment instruments will severely limit my ability to grow my personal wealth. And, with the proposed restrictions, the "democracy" of free investing in our country will be severely impacted. This could also lead to an even wider income gap where the rich get richer and the poor get poorer.
Please do not go forward with these restrictions.