The Trusted Contact Persons topic of the 2024 FINRA Annual Regulatory Oversight Report (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations and related considerations, (2) findings and effective practices, and (3) additional resources.
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.
Inverse funds allow me to hedge my portfolio against a market downturn. It is almost like having insurance for your car. Nobody wants to be in a auto accident, but it is nice to know that you are insured in case you are. I did not have to pass any special test before getting my auto insurance policy. I have the right choose my investments!
Interesting fact that I studied for and failed the Series 65 exam twice. I have two BBA's (one in Banking and Finance) and have NEVER failed an exam. Is this test rigged? Why not let folks invest in what they want? It's our money we have earned. Stop manipulating the market opportunities for the rich versus the hard working retail investor. Enough!
The government including any person working for said government needs to stay out of our private or public trading decisions. Overstepping by making a test for low IQ people is not how you make people feel like they matter. I am the only one that can decide what I want to invest in.
Stop trying to control every person in the US.
1. You not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. 2. You shouldn't have to go through any special process like passing a test before you can invest in public securities. Explain that you are capable of understanding your investments and their risks
I, not regulators, should be free to determine what public investment are suitable for myself and my family.
I'm fully capable of understanding the risks inherent in leveraged and inverse public securities products without passing a test from regulators.
Products such as these are quite useful for me to partially hedge and enhance my investment returns and should be available to
Dear Big Government,
It is not your place to tell me how or where I should invest MY hard earned money. I do not need to take a "test" in order to invest MY money where I see fit.
Like other funds, the prospectus of leveraged and inverse funds fully disclose risks they pose. These funds are important to my overall investment strategy.
I object to the efforts of FINRA to limit my ability to invest in leveraged and inverse funds. Most of our monthly income comes from leveraged funds, CEFs, BDCs, MLPs, etc. I should not have to go through any special process like passing a test to be able to invest in the manner I want to. It is my money, I should be able to invest how I want.
It is completely wrong for the government to prevent individual Americans to not be able to purchase leveraged and inverse funds. Nor should investors be required to pass tests before they can make such purchases.
It is truly none of the federal governments business how I buy my shares and what I buy.
Please desist from this terribly mistaken path you are on and drop they idea. Thank you!
