I urge FINRA to continue to protect the right of choice in how to best protect our investment portfolios in order to help achieve long-term financial security. My fear is that regulations could be too broad and difficult to interpret and therefore, Unworkable: The definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities
Government is never very good at fixing a broken system..
However, ..Now the Govt is trying to fix something that is not broken and will more than likely cause issues that never existed before the regulations proposed.
The outcome will likely hurt investors.
TO: All NASD Members and Other Interested Persons
BACKGROUND
The securities industry, in late 1983, asked the North American Securities Administrators Association (NASAA) to review the registration delays resulting from agent transfers between broker-dealers. After extensive deliberations by the NASAA/CRD Committee and its NASD advisors, a Temporary Agent Transfer program was developed by the
Every investor should have the right to purchase whatever they want. Risk is solely the responsibility of the investor and not a regulatory body in a democratic and capitalistic society. Further action such as these are further proof that the US financial system is rigged in favor for the elite and top 1%.
Dear Sirs/Madams; I believe every investor has a right to decide for themselves how they wish to invest their money and these regulations will interfere with those rights. A free and fair market system would allow for this. These regulations will be harmful to investors. Thank you
This is another disgusting overreach. Let people make their own decisions. If you really cared about people you would find a way to put a stop to the state lottery systems that consistently siphon cash from the less fortunate.
This is obviously bias and against every American who chooses to invest for their future or retirement. Investing cannot only be for the wealthiest people. Our true freedoms would be a complete falsehood. A bank savings account is a joke in American banking system!!
I appreciate the need to protect retail investors from making decisions when they do not fully understand the risks or other features of the products. It is reasonable to require the broker to take steps to educate retail investors and conduct some sort of test to make sure that they understand what they are getting into. But insurmountable obstacles should not be thrown in the path of retail
When will naked short selling and using dark pools to manipulate stock prices outlawed? The people doing this are committing treason. The current system is unfair and everyone is turning a blind eye to it. The American people are your employers.
We need more transparency in the market. Shorts need to reveal their shorts position, the FTD (failure to deliver) and naked shorts are making the market a place where it feel the system is ridge in favor of the 1% and against the retail investor.
