I can see where you are coming from but as much as you want to regulate everything from mortgage, stocks and bonds, and from whom you can purchase from. Over regulation never works.
There should not be limitations on the type and amount of money the average investor is able to spend. Congressional members and the Executive branch should not be able to invest, trade stocks, etc., during their terms due to their abuse of insider trading.
The right to invest is a freedom of choice and having that right taken away is unconstitutional, unethical and is anti-capitalism.
I personally wish to continue to invest in cryptocurrency (and BITO) just like I trade on the foreign exchange as well as on the stock market.
Taking away this right does not all a true free market. There are numerous ways to trade that are higher risk such as weekly options and micro stocks, what is the difference? This limits what should be a true and free market.
Comments:Please do not in any manner limit the use of leveraged and inverse ETFs. I utilize these investment vehicles along with mutual funds and individual stocks.
More choices for consumers, never less.
Feesung Steven Pang
Comments:I'm an experienced investor. Over 60 years investing in common stocks. Please allow. I only use leveraged elf's a few times when markets are out of balance.
Thanks you, James Goss
Summary
FINRA’s CAB rules provide a simplified rulebook for broker-dealers that engage only in limited capital advisory, corporate restructuring and private placement activities. FINRA is requesting comment on proposed amendments to the CAB rules to make them more useful to CABs without reducing investor protection.
The proposed rule text is available in Attachment A.
Questions
The proposed rules are overly restrictive. There are no similar restrictions on other securities such as stocks and bonds. Most investments have the potential to gain or lose value in response to market conditions. It is not appropriate or necessary for crypto to be actively discouraged.
Comments: FINRA should not over-regulate the ETF market, which is quite efficient as is. I have traded ETFs for 40 years and they have served me well as far as picking a sector rather than a singular stock.
I oppose restrictions on my right to invest. Inverse funds provide a good hedge methodology in times of rising rates and stock pull backs. I do not want to lose this useful tool in managing my accounts.
