Haven't been investing very Long, but what I'm seeing seems like it's all in favor of the big company's and not for the individual investor. I like what you want to do with the rule changes, but talking about it, isn't good enough. NEED TO SEE ACTION, from all levels.
The Cyber and Analytics Unit (CAU) within FINRA’s Member Supervision program is highlighting recent updates to the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) 2.0, which is a resource designed to help organizations manage and reduce cybersecurity risks, regardless of their degree of cybersecurity sophistication.
SUGGESTED ROUTING:*
Senior ManagementInternal AuditLegal & Compliance*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC or "the Commission") has issued Release No. 34-28927, adopting amendments to Rule 15c3-1 (the "Rule") with respect to withdrawals of net capital. The
FINRA Revises Sanction Guidelines
Sec. 10.3 The Board may adopt emergency By-Laws subject to repeal or change by action of the stockholder that shall, notwithstanding any different provision of law, the Certificate of Incorporation, or these By-Laws, be operative during any emergency resulting from any nuclear or atomic disaster, an attack on the United States or on a locality in which FINRA Dispute Resolution
I have invested for 30 years. I have used inverse etfs to protect my investments in markets that decline, often because of government actions.
No one should have to pass a test administered by the government to protect their own finances.
This is overreach by a department that I do not believe is looking after my best interests. It is pursuing an agenda that is against my best interests.
To Whom It May Concern:
I believe I am responsible for the way I invest my resources and the products I choose. Limiting my choices by intervention of regulators and the steps they take to limit my choices is improper. Inverse fund investment is part of my financial method of preserving my resources. Please do not take any steps to limit my actions in this manner.
I depend on leveraged ETFs for my retirement. Without these returns, I would not be able to earn enough to support myself in the coming years. I understand well the risk associated with these funds and have educated myself well enough to trade them. I very much oppose any limitations placed on mobility to do so by regulators and feel such actions would be unfair and discriminatory.
Stop trying to "protect" retail investors from themselves. We don't need your protection. We make our own decisions. You are just making the playing field uneven. I am fully educated in the risks of my own actions and spend many hours researching, running simulations and learning and I am satisfied with my own risk tolerances.
Please allow small investors to play on a level playing field and stop enriching wall street at the expense of smaller players. I am opposed to FINRA imposing strict limitations on what I freely choose to invest in. I'm a big boy and am prepared to deal with the consequences of my actions. I don't need a regulator telling me what is good and bad to invest in.
