The adoption of limiting my ability to trade leveraged ETF's such as provided by Proshares will drive me to find a brokerage that does not belong to FIRNA. Alternatively it will result in my removal of all funds from FIRNA regulated brokerages. I can't say with enough weight this effort to limit my investing options to increase the brokerage profit has severely degraded my trust in FIRNA regulated brokerages. Placing restrictions based on some TBD suitability test degrades my trust even more.
Bill Nicoloff Comment On Regulatory Notice 22-08
The adoption of limiting my ability to trade leveraged ETF's such as provided by Proshares will drive me to find a brokerage that does not belong to FIRNA. Alternatively it will result in my removal of all funds from FIRNA regulated brokerages. I can't say with enough weight this effort to limit my investing options to increase the brokerage profit has severely degraded my trust in FIRNA regulated brokerages. Placing restrictions based on some TBD suitability test degrades my trust even more.