Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to adopt supplementary material .18 (Remote Inspections Pilot Program) under FINRA Rule 3110 (Supervision).
This filing has been withdrawn.
This is already a lot of financial products that are only available to ultra-rich and wealthy investors (Eg: IPOs). I hope the recommended changes on Leveraged and Inverse funds are not executed. We need more such tools for "regular" investors. Thank you !!
We oppose restrictions to our right to invest. Personally we use leveraged/inverse funds to manage our portfolio risk during financial crisis. We want to maintain our current access to these funds.
To Whom It May Concern,
The regulations proposed interfere with my right to invest. I oppose restrictions on your right to invest in public investments.
There should be no special process, test, or financial status associated with public investments.
We should all equal opportunity to invest regardless of financial ability or lack insight, we should not be restricted to invest in opportunities only afforded to wealthy and the ones making well above average incomes
SUGGESTED ROUTING
Internal AuditOperationsSystemsTrading
As of January 21, 1993, the following 22 issues joined the Nasdaq National
Symbol
Company
Date
SOES Execution Level
INFU
Infu-Tech, Inc.
12/22/92
1000
TTRR
Tracor, Inc.
12/22/92
500
TTRRW
Tracor, Inc. (Ser A) (Wts 12/31/01)
12/22/92
500
WAMUO
Washington Mutual Sav Bk (Ser C) (Pfd) (Noncum)
12/22/92
Dear regulators,
Our country is a capitalist economy and it works on market force. Please do not regulate financial products limited small investors like myself to chose funds to fit my investment goal.
This is blatant over regulation which takes away freedom of choice. Adults use different strategies to achieve financial results. These strategies should not be limited by regulations that take away access to these strategies. Caveat Emptor!
It is insane that you would potentially prohibit retail investors or financial advisers from access to leveraged or derivative funds. Investors should be able to choose the public investments that are right for their circumstances. You regulators are NOT God.
Government bureaucrats have no authority to infringe on the rights of free, private individual citizens to make financial decisions. Congress needs to take action to shut down regulators like FINRA who overstep their bounds.
