Pushing unregulated crypto to the masses is nothing short of racketeering. I am a risk professional. Your industry has ZERO creditability in this arena. These products are the only thing protecting retail investors from the FED fueled, financially engineered, derivatives death star. FINRA's attempt at regulation is an indictment on the financial systems lack risk management.
The Anti-Money Laundering section of the 2022 Report on FINRA’s Risk Monitoring and Examination Activities (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) relevant regulatory obligations and related considerations, (2) exam findings and effective practices, and (3) additional resources.
Please, do not restrict me from investing in certain investments that you think I am not smart enough to understand. These securities are a part of my retirement plan and will set me back 10-20 years if I can not invest in them. You are not my financial advisors, you do not know what is good for my financial health.
Why should the government be my baby sitter and control my financial status in life. I take the chances financially but now they want money to qualify me if I dont give them money and spend more money to be qualified. See the logic in this. If I go broke its my money, see that logic. My money leave me alone
This is an unconscionable intrusion into my financial life. How dare you assume I'm too stupid to understand or that I don't know how to manage my own money.
If there is something innately wrong with these financial instruments, then outlaw them for everyone. Otherwise, if they're legal instruments, it's my business and mine alone whether or not to invest in
Limiting access to complex financial instruments makes dangerous assumptions about the general intelligence of the American public. And unlike licensing and restrictions for automobiles or firearms, uneducated decisions regarding financial tools can only hurt the investor themselves. It is not the government's job to protect us from every bad decision we could theoretically make.
Amendments to the Code of Arbitration Procedure for Customer Disputes to Expand the Options Available to Customers if a Firm or Associated Person Is or Becomes Inactive
Individual investors deserve the ability to manage their own risk and make their own investment decisions. It is preposterous to suggest that there are any real systemic threats to the financial system arising from these funds. If institutions can regularly take on risks that actually affect the broader financial system then individuals should be able to take risks that largely only impact
More regulation only produces an even great gap between those who are privileged enough to have financial advisors (and therefore access to sophisticated investments), and those who are not. Requiring a certain level of net worth is also a way to silo regular folks from taking advantage of the market. This is not right. People should be trusted to make their own financial decisions.
Hello, My name is Brandon and I am a series 7 licensed financial advisor. I believe that the current proposal 22-08 is unfair to investors, underwriters, and businesses, limiting access to investment resources for investors and financing for businesses. For businesses. The people do not need you to dictate what they can invest in. This is only going to hurt the market overall, while limiting the
