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.
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.
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As of December 19, 1991, the following 47 issues joined the Nasdaq National Market, bringing the total number of issues to 2,673:
Symbol
Company
Entry Date
SOES Execution Level
HDVS
H.D. Vest, Inc.
11/25/91
1000
HDVSW
H.D. Vest, Inc. (CIA
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the expiration date of the temporary amendments set forth in SR-FINRA-2020-027 and the temporary amendments to FINRA Rule 9341(d) in SR-FINRA-2020-015 from October 31, 2022, to January 31, 2023. The proposed rule change would not
I don't need a babysitter. I have more confidence in my ability to make my own financial decisions than I have in any government oversight over my investments in leveraged and inverse funds.
I have the right to invest on whatever financial property while I am fully aware of its risk. It is unfair if the access to the rather complex investment becomes limited only to institutional investors. Please leave them as is.
This is protection from "big brother" I neither need or desire!! I am fully capable of making my investment decisions without the help of a government which is completely inept and irresponsible in its own financial matteres.
I would like to continue to have the freedom to make my own investment decisions based on whats right for my financial situation. I currently use the leveraged funds to hedge positions in the near to medium term.
I am writing to OPPOSE the proposed restrictions by FINRA on my investments, via my financial advisor. The right to choose is foundational to America. Please do not put restrictions in place. William Boeger, Wisconsin Investor
