Dear Sirs, I'm sure you think you're doing a great thing invoking the protection of Morons Act but that's Wall Street, hate to tell you and every Americans has a right to trade well or trade badly. That's his or her choice as a citizen.Ive lost and gained thousands as a small player myself to 3x's ETFs mainly because you and the Fed weren't being honest about the
I am disappointed that these onerous regulations are being imposed upon me. I have not harmed anyone with my trading of these investments. I think it is insulting and patronizing that FINRA would impose these restrictions. I think it is unfair that my access to these investment products may be restricted. And for what reason? I've been using leveraged funds for years, and while I
The FINRA West Region Member Forum is a one-day event designed to provide financial professionals associated with FINRA member firms in the West 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 opportunities
The FINRA Midwest Region Member Forum 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. The forum also includes thoughtful discussions around the future landscape of the financial services industry, and provides
Dear FINRA,
The recent democratization of investing, manifest in the rise of the retail investor, ability to trade fractions of shares, and the ability for retail investors to invest in a variety of financial instruments, has offered middle and low income people the greatest opportunity to save, invest, and build wealth. We cannot take steps back when it comes to giving people the liberty to
The United States was founded on freedom and that is what continues to make us the best country in the world - the country that everyone else in the world wants to be a part of! With freedom comes responsibility. Responsibility for its citizens to make their own choices about what they do for a living, what they eat, how they invest. Do we make bad choices? yes, sometimes! But we also make
Ive been trading leveraged ETFs for over 18 months. To me it seems that you would do more harm to stop a self-directed traders ability to continue while they already have investment in the product. I could go on and on. But I will just say stopping someone especially in a bear market does not give them a chance to use leverage funds to make profit over the long term. That isnt right. You would
While it may seem reasonable and prudent to limit access to leveraged ETFs to novice traders, experienced traders with 2 years of experience or more, should be able to enjoy the full and unrestricted freedom of trading such instruments. However, the following measures should be implemented: -Restrict the trading of all leveraged ETFs to accounts with balances under $10 000 USD for traders with
This is just plain whacky. I spend a ton of money on junk food and things that get wasted...not to mention the casino. Years ago when people had to go to expensive universities to get educated this would be an issue. Today we have access to the internet...there is no reason for people to not educate themselves...Being crazy and doing crazy things is a constitutional right. For example my 93 year
I find the idea of restricting access to financial tools extremely offensive. The market is built around the concept of public availability. Restricting access to certain stocks or tools simply because an elite few deem them unfit for the unwashed masses is egotistical and morally reprehensible. Please do not create a private walled garden around inverse and leveraged funds. Consider the scenario
