Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend the Code of Arbitration Procedure for Customer Disputes (“Customer Code”) and the Code of Arbitration Procedure for Industry Disputes (“Industry Code”) (together, “Codes”) to modify the current process relating to the expungement of
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 6750 to provide that FINRA may publish or distribute aggregated transaction information and statistics on U.S. Treasury Securities on a more frequent basis.
The elements of your proposed legislation is unfair, arbitrary and capricious.
I opposed it on the grounds that it is discriminatory, and an intrusive overreach of a regulatory agency.
I believe that if banks and large investing institutions such as corporations can invest in a financial instrument then so should a free American have that right as well.
Mitch Naylor
FINRA's mission is to safeguard the investing public against fraud and bad practices. We pursue that mission in five important ways to enable a fair, balanced, inclusive market where everyone can invest with confidence:1. Deter misconduct by enforcing the rulesWe write and enforce rules and regulations for every single brokerage firm and broker in the United States. That includes requiring
I should have the right to determine my own financial future and invest in any lawful endeavor without government restrictions. The investment opportunities should be available to every person without any conditions. There should be no process or test administered by regulators to determine an individual's investing competence.
I oppose restrictions to my right to invest in leveraged and inverse funds. Investments should be fair to everyone not only the one who can pass test. Public investments should be available to all. If this got limited, public will be in disadvantage on getting to financial freedom with limited options.
I find that having access to leveraged and inverse etfs provides balanced hedging in my portfolio, allowing me to retain a mostly-cash position for long-term financial security while also participating in market movements. Please don't add hurdles to use of leveraged and inverse ETFs
WE SHOULD NEVER BE IMPOSED THE KIND OF RESTRICTIONS BEING PRESENTED WHEN IT IS OUR MONEY, OUR INVESTMENTS. WE WORK CLOSELY WITH OUR FINANCIAL ADVISOR, AS WELL AS RESEARCH TOPICS SUCH AS THESE TO UNDERSTAND AND MAKE EDUCATED, QUALIFIED, INTELLIGENT DECISIONS. STOP PUTTING YOURSELVES IN AS THE 'EXPERTS' BECAUSE YOU CLEARLY ARE NOT.
Do not restrict me from investing in triple-leveraged ETFs. I'm an older millennial who got involved in investing later in life because financial literacy wasn't being taught in schools. I need triple leveraged investment products to catch up with my investing goals on retirement.
I don't need or want any additional regulation from the government on investing. Your efforts to "protect me or other investors" from the financial industry is a waste of time and money. It only results in the erosion of return on my investments because the cost of regulatory compliance is so much.
