To FINRA: I want to continue having the freedom to invest on my own as I have for over the years. I want to maintain my current freedom to invest in public securities of my choosing. As an American citizen, I should be able to choose the public investments that are right for me! I am grateful to have the freedom of access to the exchange traded funds that empower me and my family to pursue our
I am contacting you to express my opposition to the proposals in Regulatory Notice 22-08. I see no justification for FINRA to restrict public access to any publicly traded financial products, including leveraged EFTs. These securities provide an efficient and economic vehicle for small investors to hedge portfolio risk, a strategy that has now become critical in the aftermath of more than a
I should be able to choose the public investments that are right for me and my family, because this is my "small business" (this is my main source of income)
Public investments should be available to ALL of the public,
not just the privileged, because many retail investors do this for a living (not for fun). Give more regulations to the "TOO BIG TO FAIL" not to
I strongly oppose limiting investors ability to trade leveraged and inverse funds. These can be great tools of various usages like market timing and hedging.
These funds are probably riskier than their corresponding non-leveraged funds, but there are tons of real stocks that are much more risky than these funds, so why not put limitations on those stocks?
I believe it's investors
Dear FINRA,
I strongly object to RN #22-08 for the following reasons:
1) I believe I have the right to be able to choose the public investments that are right for me and my family.
FINRA seeks to render some public investments unavailable to the public, and to grant access only to the privileged. It's not FINRA's place to decide whether I should or shouldn't be granted
Let me ask you, who gives you the authority to determine if any investments are too complex for me? You're supposed to protect me from unscrupulous brokers. So now you're protecting me from myself? I am an individual investor.
So now I'm too stupid to not educate myself on investing? I need you to make me:
1. Pass a regulator-imposed test of your specialized investment
I would like to strongly express my displeasure with the SEC proposal to restrict my freedom to invest in any instrument of my choosing. I have been trading financial instruments for twenty years and do not need your opinion as to where I should or should not invest. I find this highly invasive of my privacy and freedom. Leave me alone.
It is the investors duty to make sure they perform they fulfill their due diligence on the stocks they are going to invest. Most of the trading platforms warn the investor about the nature and volatility risks of these stocks already. There is no need for extreme oversight as such. They should put these regulations in action for the gambling industry if they want to protect the consumers/retail
I find the inverse funds etfs are a convenient way to trade market trends. The prospectuses and notices to investors have made me aware of the potential for financial loss in using these investment instruments so I am careful and vigilant in my use thereof. I don't feel further regulation is warranted and I believe it would serve to put undo restrictions on investors.
I am opposed to FINRA establishing boundaries / restrictions on my ability to trade leveraged and indexed funds without meeting certain "educational", experiential, net worth, etc. criteria. I will definitely encourage and join any class action suit if FINRA takes any such steps and have several General Counsels and Pillsbury Shaw Pittman to work with.
