Over the years, I have used many of the "complex products" that are the subject of Regulatory Notice 22-08 including leveraged ETPs, inverse ETPs and options. In all cases, I did the appropriate research on these products to understand how they work and the risks associated with using them. These products have been an important part of my investment portfolio to either hedge
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST!!!
Individual investors should have access to all public investment vehicles without regulators dictating which are appropriate/inappropriate. Rather, regulations should focus on transparency and full disclosure of the strategies employed by fund managers and most of these regulations already exist. Rather than rely on regulatory intervention,
To whom it may concern, FINRA's current effort to seek restrictions around "Complex Products" appears to fall into the category of "fixing something that isn't broken." This is something the government often appears to excel in and in this instance reads as a rather arbitrary and capricious effort to restrict access to investment choices. As a rule, I vehemently
Gentlemen, I am puzzled! Wall Street already has a clear advantage over the retail investor on multiple fronts including and not limited to, research, software, the speed of execution, inside information and in politics. Let us not forget the Robinhood fiasco the past year which was just one example of how markets are manipulated and front-run against the individual investor. Knowing these facts
Any test of specialized knowledge should be dependent on the specific investments being considered. The degree of investor awareness required to invest in a leveraged S&P 500 2X fund is suitable for many investors who are aware basically of the risks and have been informed of the proportion of net worth they could / should invest.
Brokers should be held legally liable for INITIATING
Dear FINRA, LETFs are not "complex" products. They are very simple to use. I can simply buy them to introduce modest amount of leverage to my diversified and safe portfolio. LETFs allow me to easily adjust the risk and reward levels in my portfolio. They are SIMPLE instruments. Simplest form of leverage, and the wildest of them are only 3x leveraged. How dare you take away my freedom
Unless otherwise indicated, suspensions will begin with the opening of business on Monday, May 20, 1996. The information relating to matters contained in this section is current as of May 5, 1996. Information received subsequent to May 5, 1996 is not reflected in this section.
Firm Expelled, Individuals Sanctioned
Devon Resources Financial Corporation (Tulsa, Oklahoma), Catherine W. Yox (
Comments: As an RIA and CFP Professional with over two decades experience I can tell you that retail investors are far more experienced, savvy and informed than when I started in the business. Teenagers invest through their phones, something I never dreamed of at their age. The disclosure and consumer warnings required by leveraged products providers more than addresses the risks involved in
FINRA’s Research and Development (R&D) program is an innovation engine for FINRA - a sandbox for staff to take risks, explore new and disruptive technologies, assess potential usefulness to FINRA use cases, as well as investigate and test solutions to known problems.
I have previously submitted my thoughts but want to take a minute to reiterate them. Leveraged and inverse funds play a very important role in my personal investments along with our corporate investment strategy for clients. When used by professionals, for clients who understand them, they are very useful tools for actually reducing risk and enhancing returns. This should be left to the free
