Limiting retail investor from investing in "complex" investment vehicles is a direct threat to the freedom of American citizens. Our financial future should not be restricted by FINRA and only serves to deepen the economic divide between rich and poor in the country.
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 do not approve of possible measures to bar individuals from investing in leveraged or inverse security. Grown adults have the obligation to understand the risk involved in financial transactions and should not be prevented from entering voluntarily into contracts by a paternalistic government.
Every investor should have the right to purchase whatever they want. Risk is solely the responsibility of the investor and not a regulatory body in a democratic and capitalistic society. Further action such as these are further proof that the US financial system is rigged in favor for the elite and top 1%.
As an individual investor, I very much value the use of inverse and leveraged ETFs to assist me in meeting my financial goals. I ask that you do not limit in any way a retail investors ability to utilize these products. Thank you.
Individual investors should have the right to invest in a variety of asset classes and financial securities with varying amounts of risk rather than restrict them to a privileged few (trusts, hedge funds, high net worth individuals, etc.).
I personally have held series 3,4,7,24,55,63,66 licenses in the past and well aware of how leveraged financial instruments work!!!!
If the instrument is publicly traded the public should be able to take positions in it....quit trying to manipulate how the market works
Dear Financial Regulators,
Please put these products behind reasonable knowledge or acknowledgment-of-risk walls rather than wealth walls where only potentially unknowledgeable wealthy & only already-wealthy investors can capitalize on the opportunities unlocked by these products.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST.
Investing in cryptocurrency funds, such as BITO, is
important to my investment strategies. This my
way to use cryptocurrency funds to
achieve my financial objectives, including by diversifying
my investments as part of a balanced portfolio.
FINRA Firm Grouping Conference is a one-day conference designed to provide financial professionals associated with FINRA member firms the opportunity to engage in key discussions with FINRA staff and connect with industry leaders and peers. The conference includes thoughtful discussions around the future landscape of the financial services industry. In-person attendees have access to breakout
