While I appreciate FINRAs attempt to protect investors from the Martha Stewarts and Michael Millikans of the world I would remind you I am an adult. I made the money and I chose to invest it how I want and I am offended that an institution of regulation would choose to shackle the people its meant to serve to financial servitude of large institutions and limit our freedom of choice to a pre
During its May 17 and 18 meeting, the FINRA Board of Governors appointed new public governor Lisa Fairfax, approved FINRA’s 2022 Annual Financial Report and appointed new members to FINRA Advisory Committees.
More government regulations! Seriously?? This is a guise to limit the average American citizens' ability to participate in a free and fair marketplace. This will further "rig the game" in favor of the big financial institutions and eliminate an important financial tool that the small average investor can use to hedge their portfolio's in adverse times. The small investor
I oppose this unnecessary regulation. This is just a way to stop people from being their own money managers and to unduly force people to use shady financial advisors. Apps like Coinbase, Robinhood, Acorns are amazing because they allow the little guy to enter the market who maybe doesnt have enough to open a brokerage account with a big bank or pay a financial advisors fees and doing this would
I understand the risks of investing in leverage and inverse funds. Regulation has a place to protect investors, but measures like this would put individual investors like myself at a disadvantage. During the financial crisis of 2007-2008 I invested in long leveraged index funds and it has been one of my most successful investment decisions to date. I can say that my financial situation and
As a holder of inverse and leveraged products, I SUPPORT this measure, as ProShares and other financial services company prey on us individual, "retail" investors, and take advantage of our lack of knowledge through their own manipulation and complex wording. FINRA is on the side of the consumer, and even as a consumer who holds products that are in danger of being excluded, it is for
Investors are already warned enough on leveraged ETFs that there is no reason for additional regulations and warnings for individual retail investors. Investors should be able to risk their hard earned money in ways they see fit for themselves. Individuals should have a right to use financial products they see fit to use in order to achieve their short term financial goals. Adding additional
Investors are already warned enough on leveraged ETFs that there is no reason for additional regulations and warnings for individual retail investors. Investors should be able to risk their hard earned money in ways they see fit for themselves. Individuals should have a right to use financial products they see fit to use in order to achieve their short term financial goals. Adding additional
I do not want to have my ability to select whatever public investments that are right for me diminished or restricted.
While I tend to be a conservative investor, the use of leveraged or inverse funds at times has been of value in my portfolio.
While I am not a financial novice and currently am engaged in developing financial models for ICT networks in many countries, Having to pass some type of
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REQUEST FOR COMMENTS
EXECUTIVE SUMMARY
The NASD requests membership comment on a proposed Corporate Financing Rule that, if
