As an investor in leveraged funds, I find it upsetting, and frankly, ridiculous that regulators are investigating banning these funds in the name of protecting the consumer.
Enough with the government regulations to protect people from doing what they want with their money! Whats next, are you going to ban people from gambling away their savings unless they can pass a test first and/or show
Hi,
I came across this information that FINRA is trying to come up with regulations that will decide on who gets to invest in which publicly available securities.
I don't see any reason why FINRA should dictate what I should or should not invest in. I should be personally responsible and liable for my decisions.
Additionally this may create an unfair advantage for privileged few and
I am highly concerned about FINRA Regulatory Notice #22-08 because it could negatively impact the time and effort I have put into managed my leveraged portfolio. By imposing rules that restrict the freedom of my financial decisions, the regulation will make generalizations about who is sufficiently knowledgeable about leveraged products to use them properly. Adding special hoops to jump through
This is complete insanity. Might as well be called the "Forced Pay Wall Street 3% Your Net Worth A Year Rule". Now advanced financial products will be cut off for everyone except the ultra wealthy? How could you possibly think this was a good idea? How about we drop the charade and just ban retail brokerage accounts. Really let wealth advisors run crazy when they know there is no one
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NO NEED TO TEST ANYONE FOR INVESTMENTS OR ANY OTHER FINANCIAL DECISIONS. WE ARE THE PEOPLE. WE WILL VOTE YOU OUT OFFICE . OR YOU CAN JUST BE IMPEACHED.
ALL OF YOU. YOI ARE GUILTY OF INSIDER TRADING,.LAUNDERING MONEY, AND MAKEING THINGS SO EXPENSIVE WE ARE
Hello, First of all any rule changes should effect at least after 12 months (maybe 24 months) to be fair for the investors. We are using these funds generally to protect (hedge) our investment or sometimes to gain in a short time. We know the risk of the any investment which we are investing. So, actually/generally I oppose restrictions on my right to invest in public investments. Rules should
FINRA published its 2024 FINRA Annual Regulatory Oversight Report, formerly known as the Report on FINRA’s Examination and Risk Monitoring Program. The report provides member firms with key insights and observations from recent activities of FINRA’s regulatory operations to use in strengthening their compliance programs.
SEC Proposed Rule #S7-24-15 I vehemently oppose restrictions to my right to invest in public investments. I am able to chose the public investments that are right for me and discuss with financial advisor as needed. These investments should be available to all of the public, not just the privileged. There shouldnt be any special process like passing a test before investing in public securities
To whom it may concern, I have used leveraged and inverse funds within the past two years in time of high volatility to hedge against my portfolio. If the instruments are taken away from us, and allowed for use for only to special personnel then my right to choose my investments is essentially taken away. I understand that there are risks involved with the use of leveraged and inverse funds,
FINRA regulators: Please do not add additional regulation to leveraged and inverse funds as proposed in rule #S7-24-15: Why? 1. These are ALREADY public products APPROVED by the SEC and INCLUDE clear risk warnings. Why impose higher hurdles that would PRECLUDE my ability to use these products. I am specifically concerned about the condition to demonstrate high net worth as I am a small investor.
