Comments: All investing involves risk. Stocks, Bonds, Mutual Funds, ETFs, Commodities, Currencies. Imposing sanctions, regulations on a specific sector or industry that market "complex products" is arbitrary, biased and prejudiced when not imposing the same sanctions, regulations on other risk assets as Stocks, Bonds, Mutual Funds, ETFs, commodities, etc. Those who market these "complex Products" have done their part in providing notice of the risks involved conspicuously displayed on their websites. I also receive email and paper mailings of the same from all the vendors I've done business with. Fidelity requires that I read, understand and sign notification that I understand the associated risk. Anyone who trades these "complex products" Is required to do the same. Fidelity also provides daily educational webinars where these topics are illustrated and discussed. The information is already widely available by everyone who markets these "complex products". I am a small retail trader and occasionally employ the use of leveraged and inverse ETFs to protect against losses or to enhance returns with due regard for their intended purpose. Through the use of these "complex produces", I am able to grow my IRA and generate income to secure my financial well being and financial security far more effectively than my Social Security is growing at it's current meager 2% not even beating inflation or the S&P. I am working to secure my own financial future so I will not have to be dependent upon or a burden to the U.S. Government. Any further regulation, restriction to these "complex products" will cause increased difficulty in protecting investments leading to greater losses and will be detrimental to many who now rely on our many years of knowledge and experience to protect and grow our financial assets to keep up with inflation and grow our financial security for our future. I urge FINRA to NOT change, increase or impose any additional sanctions or regulations toward "complex products or L&I Funds. If FINRA is truly concerned about the financial well being of small investors, regulate Social Security. Make sure it remains solvent. Mandate Social Security match the S&P 500 return. That will be helpful. Regards, Gery Williams
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Gery Williams Comment On Regulatory Notice 22-08
Comments: All investing involves risk. Stocks, Bonds, Mutual Funds, ETFs, Commodities, Currencies. Imposing sanctions, regulations on a specific sector or industry that market "complex products" is arbitrary, biased and prejudiced when not imposing the same sanctions, regulations on other risk assets as Stocks, Bonds, Mutual Funds, ETFs, commodities, etc. Those who market these "complex Products" have done their part in providing notice of the risks involved conspicuously displayed on their websites. I also receive email and paper mailings of the same from all the vendors I've done business with. Fidelity requires that I read, understand and sign notification that I understand the associated risk. Anyone who trades these "complex products" Is required to do the same. Fidelity also provides daily educational webinars where these topics are illustrated and discussed. The information is already widely available by everyone who markets these "complex products". I am a small retail trader and occasionally employ the use of leveraged and inverse ETFs to protect against losses or to enhance returns with due regard for their intended purpose. Through the use of these "complex produces", I am able to grow my IRA and generate income to secure my financial well being and financial security far more effectively than my Social Security is growing at it's current meager 2% not even beating inflation or the S&P. I am working to secure my own financial future so I will not have to be dependent upon or a burden to the U.S. Government. Any further regulation, restriction to these "complex products" will cause increased difficulty in protecting investments leading to greater losses and will be detrimental to many who now rely on our many years of knowledge and experience to protect and grow our financial assets to keep up with inflation and grow our financial security for our future. I urge FINRA to NOT change, increase or impose any additional sanctions or regulations toward "complex products or L&I Funds. If FINRA is truly concerned about the financial well being of small investors, regulate Social Security. Make sure it remains solvent. Mandate Social Security match the S&P 500 return. That will be helpful. Regards, Gery Williams