I think changing the way things are done now to the way you plan on doing will hurt us small investors more then you realize. Things were gong along smoothly enough up to now and this change will just muddy up things.
I question your intent to control my actions with investments.
There are voting restrictions, family planning restrictions AND now some regulator is considering making investment choices FOR ME. Do I know what I am investing in?
GET OUT OF MY PORTFOLIO CHOICES.
After taxes, the balance is MY money. It is MY decision what to do with it and NO ONE ELSEs.
I bear the risk. If you are going to impose rules on our investment choices, then you also need to cover our resultant losses. Are you planning to do that?
I would like to build my own investment strategies even if these are high risk. Unneeded regulation is not helpful. Please focus on clamping down on the rampant fraud in the crypto markets instead of harming honest investors who spend time planning their strategy.
Sec. 4.1 The property, business, and affairs of FINRA Regulation shall be managed by or under the direction of the Board. The Board may exercise all such powers of FINRA Regulation and have the authority to perform all such lawful acts as are permitted by law, the Restated Certificate of Incorporation, these By-Laws, or the Delegation Plan to assist FINRA in fulfilling its self-
(a) Pursuant to Section II of the Plan of Allocation and Delegation of Functions by FINRA to FINRA Regulation, Inc. ("Delegation Plan"), the Board shall appoint a National Arbitration and Mediation Committee ("NAMC").
(1) The NAMC shall consist of no fewer than ten and no more than 25 members. At least 50 percent of the NAMC shall be Non-Industry members.
(2) The
Regulatory Obligations and Related Considerations
Regulatory Obligations
Effective liquidity controls are critical elements in a broker-dealer’s risk management framework. Exchange Act Rule 17a-3(a)(23) requires firms that meet the thresholds specified under the rule to make and keep current records documenting the credit, market, and liquidity risk management controls established and
This is unAmerican to take these rights away from me. I would be out thousands of dollars that I cant afford to lose. Using a leveraged ETF that I am investing in now is how I planned to afford to pay for grad school. Why would you crush my dreams?
I oppose the extreme regulation planned by FINRA. It ignores the principle of my right to decide what public securities I invest or not invest in. It threatens my right to invest in my long term future. What is FINRA gaining from this move against the American public???
It's especially important regulators hear from you in your own words. Please use the body of this email to customize your response. This proposal doesn't make any since, unless you also plan on doing away with the Options market too.
