Is this regulation coming from an organization that is $30 trillion in debt and has an unfunded liability of nearly $100 trillion for social security and Medicare? I manage my finance much better than the U.S. government, and my leveraged ETF consist of less than 5% of my net worth.
My family's long-term investment plan includes leveraged ETFs. Our financial decisions have been made under the assumption leveraged ETFs would be available in the future. The SEC has already approved these funds. We don't need FINRA to hold our hands. Please don't assume you're smarter than we are.
Regulation needs to be imposed on companies and corporations NOT individuals. The accredited investor rules are not only insulting to lower income people but prohibit them from obtaining wealth. These rules favor the rich and punish the poor. They are unfair and geared toward corporate America verses American citizens!
Why do you need to remove a risk management tool from the individual investor. I have used both leveraged funds and inverse in my portfolio to augment my other investments and find them very useful.
If you want to "protect and educate" the consumer--develop a core study for high school students on financial literacy.
Ms. Marcia E. Asquith, Executive Vice President Financial Industry Regulatory Authority, Inc. 1735 K Street, NW Washington, DC 20006-1500 Re: FINRA Regulatory Notice 22-08 (the “Notice”) Dear Ms. Asquith: Defiance ETFS, LLC (“Defiance”), appreciates the opportunity to comment on the Notice. We commend the Financial Industry Regulatory Authority (“FINRA”) for reminding members of their current
I find it highly problematic that an attempt to create different classes of individuals is being seriously considered.
It is a perverse incentive structure that would give control over wealth to the small-minded or power-hungry regulator.
To whom it may concern.
I am writing to express my shock and concern over the direction FIRNA believes it is necessary to move in as outline by Regulatory Notice 22-08. The entire notice is written with a thinly veiled tone of condescension towards retail investors and how they cannot possibly have the knowledge or sophistication to understand what they are investing in; a common refrain from
I want to oppose restrictions on my investing, and believe that more freedom is better than government control over everything. As FINRA regulators, you are unelected bureaucrats, and should not be working to deny freedom or access to an individual's right to invest. It makes you look very bad, like you only want the wealthy to have a chance to "get ahead" and that
I do not want the government of we the people regulating anything of mine. [REDACTED] you cant even control your own debit. So keep your hands off something that is non of your business. Clifford Metcalf
I am a retired lawyer with a high IQ. I have been trading leveraged and inverse funds for over ten years. Restrictions based upon net worth and approval of a broker are discriminatory to favor the rich. I have noticed the same thing about margin restrictions. The restrictions are there to favor the rich and powerful. I do not need nor want your oversite in my life. This is basically class
