I'm writing to let you know that I vehemently oppose this regulatory proposal for the following reasons.
1. I use leveraged and inverse ETF's regularly in order to manage and reduce risk in my investment. These ETF's allow me to hedge against market risk, and therefore are a very important part of my portfolio.
2. These public investment securities should be available to everyone, not just the privileged. If these regulations are passed, it will only widen the gap between the wealthy and ordinary investors because the wealthy will have the advantage.
3. No one should have to go through a special process to be considered eligible to invest in public securities such as leveraged and inverse ETF's. Any retail investor is perfectly capable of understanding the risk involved in trading leveraged and inverse ETF's.
I'm sure I represent the vast majority of retail investors in expressing these views. Please consider these reasons seriously and do not allow these proposed regulations to be passed.
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
Peter Park Comment On Regulatory Notice 22-08
I'm writing to let you know that I vehemently oppose this regulatory proposal for the following reasons.
1. I use leveraged and inverse ETF's regularly in order to manage and reduce risk in my investment. These ETF's allow me to hedge against market risk, and therefore are a very important part of my portfolio.
2. These public investment securities should be available to everyone, not just the privileged. If these regulations are passed, it will only widen the gap between the wealthy and ordinary investors because the wealthy will have the advantage.
3. No one should have to go through a special process to be considered eligible to invest in public securities such as leveraged and inverse ETF's. Any retail investor is perfectly capable of understanding the risk involved in trading leveraged and inverse ETF's.
I'm sure I represent the vast majority of retail investors in expressing these views. Please consider these reasons seriously and do not allow these proposed regulations to be passed.