I am extremely disappointed in FINRA's attempt to increase regulation regarding the rights of individuals to invest freely. Leveraged securities should remain a free choice to all investors! Over-regulation with a perceived higher purpose is usually fraught with unintended consequences. So-called protections for small investors and our access to leveraged ETFs will inhibit our options. Once again, institutions and sophisticated investors will have advantages. FINRA's overreach is another reason why the 2022 and 2024 elections will be very important. And, why I will make sure all my friends and family know FINRA's agenda.
Mark Brandt Comment On Regulatory Notice 22-08
I am extremely disappointed in FINRA's attempt to increase regulation regarding the rights of individuals to invest freely. Leveraged securities should remain a free choice to all investors! Over-regulation with a perceived higher purpose is usually fraught with unintended consequences. So-called protections for small investors and our access to leveraged ETFs will inhibit our options. Once again, institutions and sophisticated investors will have advantages. FINRA's overreach is another reason why the 2022 and 2024 elections will be very important. And, why I will make sure all my friends and family know FINRA's agenda.