Dear FINRA,
My Broker, Fidelity Investments, already imposes stringent rules regarding who can invest in leveraged ETF investment products and makes me read and acknowledge the risks inherent in said investments. There is no need for further government oversight. Qualified investors should be allowed to invest in these products should they choose to do so.
This is a huge mistake. Retail investors are much more sophisticated than you are giving them credit for. WE DO NOT NEED MORE BABYSITTING AND HANDHOLDING. We have the right to take the risk and invest in products that we so choose. Let us trade and invest in these complex products. The proposed rule changes are insulting, unamerican, and disgraceful.
People have the right to take risks on investments they choose to willingly participate. This is a tremendous overreach of freedom to do with one's money as they please. By this proposed rule's logic by FINRA, no one should be allowed to gamble without an approval process and testing (as well as cooling-off period) on how the gamble-based game they are about to play works and
Comments: This isn't how you "protrct" investors. This is only going to further the point market cynics make that you're rigging the game in favor of the rich and Wall Street. Focus on education and guidance by brokers instead of just walling off a market segment. The proposed rule is nothing short of government overreach. This is not how a "free market" works.
I am 72 and retired Wall Street for over 35 yrs. No one but me should determine what is suitable for me.
Your rules lose people money. Your 3 day trades in 5 days in these volatile markets guarantees losses except for the most nimble.
Please go on a long vacation allow brokerage firms to know their customers!
Dear sir,
I want to state my opposition to the proposed rule, potentially limiting the financial products in which I can invest. I am confident that I can make that decision best for myself and I am opposed to regulation that limits my choices based on someone else's judgment. There are already many regulatory safeguards in place. This is an unneeded and damaging addition.
To Whom it May Concern, I was troubled to learn that the FINRA is considering passing SEC Proposed Rule #S7-24-15, which would affect individual investors like myself from using several popular public investments, including leveraged and inverse funds. I believe that I, not regulators, should be able to choose the public investments that are right myself and my family. Public investments should
<p>Application of NASD Rule 2830(l)(5)(D) to sales contests involving sales personnel who perform marketing services.<br/></p>
The Series 82 exam — the Private Securities Offerings Representative Exam — assesses the competency of an entry-level registered representative to perform their job as a private securities offerings representative.
The Series 26 exam — the Investment Company and Variable contracts Products Principal Qualification Exam (IP) — assesses the competency of an entry-level principal to perform their job as an investment company and variable products principal.
