I oppose this restriction to my right to invest. Those with a high net worth have traditionally been able to invest and greatly increase their wealth. Having more wealth to invest also means that they have a lot more to lose which often applies to complex investments. These restrictions would also force the public to utilize a broker which not only incurs a cost, but often results in a much more conservative approach to investing. How can the public or older individuals invest for their future or retirement if there isn't an ability to increase their investments relatively quickly? Over the years, the public has been given increased access to the markets and it would be a travesty to turn around and restrict access to the people that are most likely to benefit from investing. I think some of the restrictions are reasonable, however. Reading certain materials and passing a regulator-approved test can be considered as I do believe many people do not fully understand the risks involved with leveraged and inverse products. Thank you for your time.
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
David Jou Comment On Regulatory Notice 22-08
I oppose this restriction to my right to invest. Those with a high net worth have traditionally been able to invest and greatly increase their wealth. Having more wealth to invest also means that they have a lot more to lose which often applies to complex investments. These restrictions would also force the public to utilize a broker which not only incurs a cost, but often results in a much more conservative approach to investing. How can the public or older individuals invest for their future or retirement if there isn't an ability to increase their investments relatively quickly? Over the years, the public has been given increased access to the markets and it would be a travesty to turn around and restrict access to the people that are most likely to benefit from investing. I think some of the restrictions are reasonable, however. Reading certain materials and passing a regulator-approved test can be considered as I do believe many people do not fully understand the risks involved with leveraged and inverse products. Thank you for your time.