I do not want to forfiet my right to invest in whatever financial vehicle is available to me. Everyone is smart enough to learn whatever is needed before making an investment. The last thing I want is to be guided by some commissioned broker who only wants to pad his wealth using transaction volume for his commision fee. In summary, like anything else in life, let the individual choose. That
Every body should be able to invest in the securities you propose to legislate. The information about these securities is widely available and well documented. In addition, the average person does not have the insider information that the likes of Nancy Pelosi and Chuck Schumer have in order to make millions off the stock market. As is the case, regulating the average American away from the
Leverage and inverse ETF is important for my portfolio for profit and risk hedging, why do you want to limit my right? Wall Street big whales are using more complex financial derivation to achieve similar purpose with much higher leverage than common leverage etf(3x) , is it fair to limit individual/retail investors to do so? Please stop this and let us trade leverage & inverse etfs.
Summary
The purpose of this Election Notice is to notify members of an upcoming election to fill two large firm seats and one small firm seat on the National Adjudicatory Council (NAC), and to announce the FINRA Nominating & Governance Committee (Nominating Committee) nominees for these vacancies. Eligible individuals not nominated by the Nominating Committee who obtain the requisite
Retail Investors, not regulators , should decide what public investments are right for them and their family without discrimination.
Public investments should be available to all of the public,
not just the privileged, i.e. high net worth investors.
If public investments are restricted or heavily burdened
by various barriers such as subjective tests, permissions, then this is the first step to
I have used leveraged funds as one part of my balanced portfolio for years. These funds are incredibly helpful in adding a component of high reward/risk investing to my portfolio that often seem reserved for the ultra-wealthy/angel investor/VC limited partner/etc. Allowing the average investor access to these financial tools is critical to the democratization of wealth building in this country.
It is not the responsibility of FINRA to limit my access to publicly available investment vehicles. The investments under consideration for restriction have clear, concise, and readily-available prospectuses that explain the risks and further restrictions or tests should not be permitted. Financial and securities restrictions should exist to protect investors from illicit or deceptive practices;
I occasionally use leveraged funds when the trend line is in my favor. As a retired accountant, I have always been not quite an accredited investor, not enough income, not wealthy enough, not a professional financial manager. However I know business and have decades of experience, making my invest decisions generally superior to that if inherited wealth or high income in an unrelated fields. My
Im writing to voice my objection to restriction on access to purchasing of leveraged ETFs. I am already required by my broker to assert that I am knowledgeable and financially able to accept the risk associated with these investments. Further, the right to decide for myself is part of Americas greatness. I have benefitted greatly from having leveraged ETF as part of my diverse portfolio. There
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend Rule 8312 (FINRA BrokerCheck Disclosure) to release information on BrokerCheck® as to whether a particular member firm or former member firm is currently designated as a “Restricted Firm” pursuant to Rule 4111 (Restricted Firm
