Comments: Regarding FINRA Regulatory Notice 22-08.
I was forced into early retirement as a result of Covid. As such, I was forced into living off my IRA earlier than planned. I have been investing and trading for 45 years. I am a small retail trader. I occasionally employ the use of leveraged and inverse ETFs to protect against losses or to enhance returns with due regard for their intended
As requested by the Department of Treasury (Treasury), the National Association of Securities Dealers, Inc. (NASD®) provides members with information from the Office of Foreign Assets Control (OFAC) about persons and entities identified as "Specially Designated Nationals and Blocked1 Persons" and about other OFAC regulations. On December 9, 1997, OFAC amended its regulations to require
People should have the ability to protect themselves in cases of market downturns. People understand insurance against unforeseen events. A market downturn just when you need your money is a serious event. People need to be able to buy protection against that. Also, there is plenty of information made available to investors about these funds. The average investor should understand it well enough
I have been successfully managing my investments for decades. Leveraged and inverse funds have been an effective tool for me, especially in this volatile environment. I would have been at a disadvantage if I was not able to use these tools as hedges especially for my long positions that I have held for years, and which would cause an expensive tax event if I had to sell them. I hope that FINRA
Dear FINRA, I am dismayed to hear of your plans to impose restrictions on the types of public investments that I can invest in. I am an adult and you are not my parents. I am capable of making my own decisions about what I buy and understanding what I buy. Even if I weren't, it is still wrong for regulators to try and decide who is able to participate and who is not. I urge you to
I am concerned about potential regulations that would limit access to leveraged and inverse funds especially for small investors. I find these funds useful to hedge my portfolio while preserving cash. They are a useful risk management instrument when used appropriately. Rather than place burdensome restrictions on investors, FINRA might consider requiring more transparency from companies issuing
Dear FINRA,
Please do not put special restrictions and requirements on select inverters.
Everyone should have equal access to investing. Allowing only select inverters to invest in all available in vestments creates a special class of society that have opportunity to hoard all the wealth and leave everyone else lacking. There is too much inequities now. Let's not make it worse by
(a) Pursuant to the Rule 9600 Series, the staff for good cause shown after taking into consideration all relevant factors, may exempt, upon application and subject to specified terms and conditions, a member alternative trading system ("ATS") from the trade reporting obligation under paragraph (b) of Rules 6282, 6380A and 6380B, if such exemption is consistent with the
How about you guys make sure everyone is square about ethics and close politicians loopholes first. Nancy Pelosi and her husband are better investors than Warren Buffet. Having over 60% returns where Warren has never gotten over 20%. You think that has something to do with their access to inside information?
Why are we being closed off from investing? Who gets to invest then? Should be open to
"Complex products" are a valuable resource for investors for diversification of investment strategy and risk mitigation that should be available to all investors. The notice tries to draw parallels between option trading and "complex products", but there is a significant difference in the level of leverage and potential financial exposure between these
