Please do not restrict the ability of retail customers to invest in Complex Products. In a market downturn, inverse ETFs/ETPs are some of the easiest ways to hedge against falling market. Placing what I view to be artificial restrictions on these types of products will hinder retail customers ability to simply survive a large-scale market correction. I am invested in a very small quantity of inverse ETFs, simply to try and survive a broad market downturn.
In lieu of these artificial restrictions, I believe two areas need to be further investigated and regulated by FINRA and other governing bodies, which would make for a better market, specifically for retail investors:
1. Payment for Order Flow
2. Securities trading in Dark Pools
I do not believe retail investors are currently operating in a "free and fair" market. Placing further restrictions on products retail customers can invest in will completely erode my confidence in the market as a whole.
For the Public
FINRA DATA
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
FINPRO
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
FINRA GATEWAY
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
For Case Participants
DR PORTAL
Arbitration and mediation case participants and FINRA neutrals can view case information and submit documents through this Dispute Resolution Portal.
Need Help? | Check System Status
Log In to other FINRA systems
Asad Comment On Regulatory Notice 22-08
Please do not restrict the ability of retail customers to invest in Complex Products. In a market downturn, inverse ETFs/ETPs are some of the easiest ways to hedge against falling market. Placing what I view to be artificial restrictions on these types of products will hinder retail customers ability to simply survive a large-scale market correction. I am invested in a very small quantity of inverse ETFs, simply to try and survive a broad market downturn.
In lieu of these artificial restrictions, I believe two areas need to be further investigated and regulated by FINRA and other governing bodies, which would make for a better market, specifically for retail investors:
1. Payment for Order Flow
2. Securities trading in Dark Pools
I do not believe retail investors are currently operating in a "free and fair" market. Placing further restrictions on products retail customers can invest in will completely erode my confidence in the market as a whole.