I was very disappointed to learn that FINRA is considering limiting my ability as an investor to invest in leveraged and inverse funds.
This is a choice I should make as an investor, not regulators.
Public investments should be available to all investors, not just the privileged.
When making investments I understand the risks and evaluate options before making a choice. I do not need to go through any special process or pass a test to invest in leveraged and inverse funds.
Do not change the current laws, there are already enough protocols in place at the brokerages that require investors to confirm they understand the associated risks.
If you want to be useful then do something to limit the hedge funds/big banks from manipulating the markets with options and paper contracts, but leave individual investors alone.
Solomon Hall Comment On Regulatory Notice 22-08
I was very disappointed to learn that FINRA is considering limiting my ability as an investor to invest in leveraged and inverse funds.
This is a choice I should make as an investor, not regulators.
Public investments should be available to all investors, not just the privileged.
When making investments I understand the risks and evaluate options before making a choice. I do not need to go through any special process or pass a test to invest in leveraged and inverse funds.
Do not change the current laws, there are already enough protocols in place at the brokerages that require investors to confirm they understand the associated risks.
If you want to be useful then do something to limit the hedge funds/big banks from manipulating the markets with options and paper contracts, but leave individual investors alone.