Comments: If an investor is savvy enough to understand complex products let them invest. Are you going to take a test of investors to confirm that? You do not check the competence of our elderly supreme court justices or congressmen or senators or President who make decisions affecting millions but you want to do this?!!!!
Dear regulators, I shouldn't have to go through any special process
like passing a test before I can invest in public securities,
like leveraged and inverse funds. I am
capable of understanding leveraged and inverse funds
and their risks. I do not
need these measures imposed on me. Thanks! Shankang Qu
I strongly recommend that you do Not interfere with my right to choose which investments are right for me and my family. Public investments should be just that... Public!
I shouldn't have to go through any special test or procedure in order to choose my investments.
As always, I remain an informed and consistent voter,
Summary
FINRA has adopted amendments to its Codes of Arbitration Procedure (Codes) to modify the process relating to requests to expunge customer dispute information in the FINRA Dispute Resolution Services (DRS) arbitration forum. The amendments impose requirements on expungement requests (a) filed by an associated person during an investment-related, customer-initiated arbitration (customer
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend Rule 13606 of the Code of Arbitration Procedure for Industry Disputes (“Industry Code”) to provide that the Director (“Director”) of FINRA Dispute Resolution Services (“DRS”) will provide a copy of the official record of an expungement hearing held pursuant to Rule 13805, and any transcription if the recording is transcribed, to any customers, upon request, who attend and participate in the expungement hearing, or who provide their position on the expungement request in writing.
Investors should not have to pass tests and we should be able to approve our own strategies. Limiting our ability to invest in leveraged and inverse funds just gives wealthy people and companies the ability to manipulate the market without giving individuals the right and ability to protect themselves from their schemes.
I oppose restrictions to my right to invest in public investments. I, not regulators, should be able to choose the public investments that are right for me and my family. I shouldn't have to go through any special process like passing a test before I can invest in public securities including cryptocurrency funds such as BITO.
I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. Explain that you are capable of understanding leveraged and inverse funds and their risks. Tell regulators you do not need these measures imposed on you.
I am aware of the risks involved in leveraged and inverse funds. I use them to hedge my portfolio, not as my primary investment vehicle. I do not think I should need to take a test, or have a certain amount of assets to invest in these funds. The funds should be available to all investors. Existing disclosures are sufficient.
I should be able to invest in any public company I choose. I certainly dont want the government telling me what I can invest in, or have to be tested to see if my understanding of leveraged and inverse funds. It is imperative to hedge your investments so when the market crashes again I wont be totally broke.
