I believe FINRAs scheme is misguided because it:
Hurts Investors: It could potentially deny you the freedom to choose investments that could
help you achieve long-term financial security.
Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary
and vague that it could ensnare a vast number of commonly used public securities and affects my ability to freely invest
This will also create criteria to determine investor understanding are subjective and could lead to unfair or even discriminatory treatment of investors.
This Upends Our Regulatory System: Under the long-standing disclosure-based system, investors
have the right to decide which public equities, bonds, and funds they want to buy.
The FINRA plan upends all principles of investors and that is free choice. This will give you the regulatorsthe power to decide what public securities I can and cannot invest in.
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
Jim Wojton Comment On Regulatory Notice 22-08
I believe FINRAs scheme is misguided because it:
Hurts Investors: It could potentially deny you the freedom to choose investments that could
help you achieve long-term financial security.
Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary
and vague that it could ensnare a vast number of commonly used public securities and affects my ability to freely invest
This will also create criteria to determine investor understanding are subjective and could lead to unfair or even discriminatory treatment of investors.
This Upends Our Regulatory System: Under the long-standing disclosure-based system, investors
have the right to decide which public equities, bonds, and funds they want to buy.
The FINRA plan upends all principles of investors and that is free choice. This will give you the regulatorsthe power to decide what public securities I can and cannot invest in.