To limit leveraged ETF funds to the Wall Street elite and the very wealthy would be inequitable. This would be one more step toward the economic equality in this country that has manifested over the past four decades. To have one set of rules for the rich and another for the middle class and lower class limits opportunity to invest and the chance to improve one's financial station in
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The purpose of this Special Notice to Members is to announce the
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
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FINRA warns member firms that, over the past two months, we have observed a sharp increase in new customers opening online brokerage accounts and engaging in Automated Clearing House (ACH) “instant funds” abuse to effect securities trading. (FINRA has previously warned firms about trends in losses from schemes involving electronic funds transfers, such as those involving outbound wire
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 believe that people in the US have the freedom to choose how they conduct their lives if they are not harming others. This right applies to financial choices and the choosing of investment opportunities that are publicly available to all investors. It would be unfair should only the top 1% of wealthiest investors be allowed to fully utilize the financial markets and smaller investors be
Upcoming FINRA Board of Governors Election
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
