The idea that everyday people need to be "protected" from themselves with further regulation and restrictive safeguards pertaining to "complex investment products" is absolute nonsense and contradicts the very principals of a free and open marketplace. Real problems like naked short selling and big money manipulation goes completely unchecked, yet the magnifying glass is on
I have been investing - on my own using my own methods - for over 30 years and don't need the Government to tell me how to do it. I fully understand the risks of leveraged and inverse funds and us them diligently as part of a balanced portfolio. I do not need additional regulation imposed on me. In fact, it is my current positions in leveraged inverse funds that is protecting me in the
An individual investor making their own decisions is not the same as reckless wall street fund managers shorting with money they dont have. How dare the SEC come after retail traders when the clear issue is the wall street crooks. I trade for proprietary firms and i know what I am doing. It is apalling the Federal reserve is not being investigated and politicians are not being investigated,
As an amateur investor, I find leveraged and inverse funds to be a huge help in complementing my investments and hedging against falling markets. I am WELL aware of the risks associated with leveraged and inverse funds, as my broker often posts warning statements on the trade screens when I buy these funds. Leveraged and especially inverse funds offer me an "all in one" product that
Although I understand to some degree the desire to prevent people from suffering considerable financial losses, I believe this is a wrong approach. Our representatives should not be using legislation to parent the general population as in the "nanny state". It is my choice to invest in riskier investments. At most, if a person interested in buying riskier investments such as
Regarding the proposed FINRA Regulatory Notice #22-08, I strenuously object to ANY legislation restricting ANY investment I choose to make. I have my own best interests at heart -- regulators only want power and could care less whether I have access to the investments I need for my own personal financial security. It is appalling how patronizing, paternalistic, meddlesome, and tyrannical
The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA’s mission is to protect America’s investors by making sure the securities industry operates fairly and honestly.
Along with their responsibilities to the securities industry, FINRA employees have responsibilities to all of FINRA’s other
I occasionally use leveraged/inverse funds to reduce risk in my portfolio during high volatility market periods. Use of leveraged inverse funds are simpler to use than other instruments for someone who only uses them infrequently. I am best qualified to make these judgements. Trying to define what is a "complex product" is apt to be an inaccurate exercise subject to influence by
I am opposed to new restrictions on who can invest in complex assets such as leveraged or inverse funds, among others. If FINRA is concerned about protecting retail investors, they should just require full and clear disclosure on all financial products and punish anyone who misrepresents them or coerces anyone into using them against their own best interest.
We are all adults here and can make
MUST KEEP MARKETS FREE AND OPEN.OR ITS IMPOSSIBLE TO MAKE BUSINESSES MOVE, THIS INABILITY TO OPERATE AND BUY AND SELL COMPLETELY TAXLESS WHAT IS PRIVATE PROPERTY NEEDS TO STOP. BY TRYING TO CONTROL THIS YOUR KILLING A VERY GOLDEN GOOSE WHICH EXPANDS EVERYONES CAPACITY TO HAVE A BIGGER PIECE OF A BIGGER PIE
EVERYONE WINS BY TAKING TAXATION OUT OF ALL CRYPTO EQUATIONS, WE PAY ANY INTEREST TROUGH A
