I am a licensed broker and financial advisor with industry credentials and could likely meet most of the criteria FINRA proposes to impose. However, I believe it's morally unjust and politically undemocratic to restrict the use of powerful investment tools to the wealthy and well-connected.
I as an investor who chose to do my own research on a variety of public securities after seeking the advice of a financial advisor and broker am confident in my own abilities and do not require coddling and layers of testing and restrictions on my portfolio.
I have every right to make my own financial decisions. Its on me to do my due diligence when selecting investments, not FINRA. FINRA has no right to deprive me of investment vehicles of my choosing for any reason.
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-2020-015 and SR-FINRA-2020-027 from July 31, 2022 to October 31, 2022.
The FINRA South Region Member Forum is a one-day event designed to provide financial professionals associated with FINRA member firms in the South Region the opportunity to engage in key discussions with FINRA staff, and connect with industry leaders and peers. The forum also includes thoughtful discussions around the future landscape of the financial services industry, and provides
The FINRA Midwest Region Networking Seminar is a one-day event designed to provide financial professionals associated with FINRA member firms in the Midwest Region the opportunity to engage in key discussions with FINRA staff, and connect with industry leaders and peers.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to extend the current pilot program related to FINRA Rule 11892 (Clearly Erroneous Transactions in Exchange-Listed Securities) (“Clearly Erroneous Transaction Pilot” or “Pilot”) until October 20, 2022.
I use these inverse funds to hedge my earnings against rising inflation and economic instability. In my opinion, it is overreaching and punitive to not be able to invest the way I choose to. No test of financial literacy nor any other restrictions should be put in place to invest in these products.
Please do not impose unnecessary restrictions on my ability to buy and sell securities you may deem complex. I should not have to go through any type of screening or pass through any type of process before using such financial instruments.
Customers should be able to choose what is right for their investment strategy. Making changes would cause many to need to do leveraged complicated futures trading to accomplish the same goal and causing great financial risks compared to a simple leveraged fund.
