Gentlemen, I am puzzled! Wall Street already has a clear advantage over the retail investor on multiple fronts including and not limited to, research, software, the speed of execution, inside information and in politics. Let us not forget the Robinhood fiasco the past year which was just one example of how markets are manipulated and front-run against the individual investor. Knowing these facts, why does FINRA want to further handicap the retail investor? For example, restricting leveraged ETFS long and short, will severely limit our ability to gain in bull markets and hedge ourselves in bear markets. Why? There is no question that the proposed restrictions are clearly not in the favor of the retail investor and you can take a vote on this to prove it to yourself. Why is FINRA proposing these restrictions? Please do not limit the choices of the individual investor. If FINRA really wants to protect the investor, give them as many investment choices as possible to level out the playing field. Equip them with choices that will give them a fighting chance against Wall Street. Please let the individual investor decide what they want to invest in. The documents on the web called prospectuses are more than enough to help investors decide and think for themselves. Wall Street already has a glaringly unfair advantage over the retail investor and I am sure that many investors, including myself, are asking today Is FINRA really working on protecting the individual investor? Steve C.
Steve Chan Comment On Regulatory Notice 22-08
Gentlemen, I am puzzled! Wall Street already has a clear advantage over the retail investor on multiple fronts including and not limited to, research, software, the speed of execution, inside information and in politics. Let us not forget the Robinhood fiasco the past year which was just one example of how markets are manipulated and front-run against the individual investor. Knowing these facts, why does FINRA want to further handicap the retail investor? For example, restricting leveraged ETFS long and short, will severely limit our ability to gain in bull markets and hedge ourselves in bear markets. Why? There is no question that the proposed restrictions are clearly not in the favor of the retail investor and you can take a vote on this to prove it to yourself. Why is FINRA proposing these restrictions? Please do not limit the choices of the individual investor. If FINRA really wants to protect the investor, give them as many investment choices as possible to level out the playing field. Equip them with choices that will give them a fighting chance against Wall Street. Please let the individual investor decide what they want to invest in. The documents on the web called prospectuses are more than enough to help investors decide and think for themselves. Wall Street already has a glaringly unfair advantage over the retail investor and I am sure that many investors, including myself, are asking today Is FINRA really working on protecting the individual investor? Steve C.