I firmly object to the measures being proposed in this rule, particularly any steps to restrict what products I am able to procure through my brokers as a private (retail) investor. My concern especially applies to the purchase of leveraged ETFs. As a private investor or trader, the onus has been and always will be on me to acquire the necessary knowledge, experience, and trading acumen to be successful. My brokers (Bank of America/Merrill, Charles Schwab, and Fidelity) already do an excellent job of flagging investments with increased risk before I can hit the ‘buy’ button, and sometimes they are stingy and difficult about letting me purchase items of greater risk, such as over-the-counter (OTC) products, which I greatly appreciate because it has been effective in making me walk away from some purchases. There are always risks in the market, but let’s be honest, the risks the private investor is engaged in pale compared to the things the big houses and funds are doing with swap derivatives, etc. Please don’t hinder the little guy.
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
Roger Seward Comment On Regulatory Notice 22-08
I firmly object to the measures being proposed in this rule, particularly any steps to restrict what products I am able to procure through my brokers as a private (retail) investor. My concern especially applies to the purchase of leveraged ETFs. As a private investor or trader, the onus has been and always will be on me to acquire the necessary knowledge, experience, and trading acumen to be successful. My brokers (Bank of America/Merrill, Charles Schwab, and Fidelity) already do an excellent job of flagging investments with increased risk before I can hit the ‘buy’ button, and sometimes they are stingy and difficult about letting me purchase items of greater risk, such as over-the-counter (OTC) products, which I greatly appreciate because it has been effective in making me walk away from some purchases. There are always risks in the market, but let’s be honest, the risks the private investor is engaged in pale compared to the things the big houses and funds are doing with swap derivatives, etc. Please don’t hinder the little guy.