I spent over 10 yrs in the financial sector. Investing and helping others do so to prepare for the future. Preventing individuals from taking risk with great return potential because they have less money than wealthier investors, will only keep them from becoming wealthier. You will be surpressing people who are working towards fulfilling their pursuit of happiness, as guaranteed by our
Unless otherwise indicated, suspensions will begin with the opening of business on Tuesday, February 20, 1996. The information relating to matters contained in this section is current as of February 5, 1996. Information received subsequent to February 5, 1996 is not reflected in this section.
Firms Expelled, Individuals Sanctioned
Burnett Grey & Co., Inc. (Atlanta, Georgia) and Linda M
As a recently retired investment professional, I believe clients (including myself) have the right to freely select investments, (no matter how complex) and not be subject to the restrictions of FINRA's potential regulations. It is the financial professional's responsibility and within the compliance guidelines of their associated clearing/ brokerage firm to make sure the
Leveraged and Inverse fund are very important tools. They are not hard to understand. More important, they are necessary tools that enable me to maintain financial security at a cost I deem to be very reasonable. I oppose any restrictions on my right to invest. Full Disclosure; YES. Restrictions; NO. They are unnecessary and seem to be designed to force me to hire a professional to invest, which
To whom it may concern,
Ive been retired for 5 years. Ive also been trading leveraged funds for more than 20 years. Theyve become an important part of my financial plan.
Taking away my ability to trade these funds makes no sense in a free market country like ours.
I cant emphasize enough about how strongly I feel about this freedom.
Individual choice to invest in the securities that an individual considers the best for their financial well-being should be respected.
Leveraged and inverse funds can be an important part of one's strategy - let the individual decide, not the regulators.
High net worth individuals already have access to such products; why deny the same right to low net worth individuals?
Respect for
As an investor I should have every right to invest in any equity or security of my choosing, free of any restrictions. Requiring additional paperwork to prove a certain net worth or financial competency is discriminatory and imposes undue burdens on my personal liberties as a member of the free market. It is my risk alone to invest in products such as leveraged exchange-traded funds, and thus
I want to retain my ability to invest in leveraged and inverse funds without any control or denial from regulators. I have provided for me and my family for over fifty years without any regulator making decisions for me and my investments. I still have the ability to handle my financial affairs and do not need the government regulators to restrict me making leveraged and inverse investments.
To Whom It May Concern: The world of investments is like any other marketplace phenomena. Prices go up and down. It is a profit and loss system. I should be allowed to invest in any financial product I choose. If an investment is clearly not what it says it is, that is fraud. Fraudulent investments are not legal. Do not impose additional restrictions on the investing public. It does not promote
Leveraged and inverse ETFs are important to my investment strategy because I don't know how to trade options or short the stocks. It's easy to understand and easy to buy and sell. Please don't take it away from us. Otherwise I will have harder time to accumulate enough savings for my retirement. Please leave it alone, there are tremendous reasons for leverage and
