It is inappropriate for a regulatory entity to impose restrictions on adults that are capable of making their own decisions when it comes to selecting investments of their own money. No regulatory has the right to tell any American citizen how, when, and where they can spend or invest their money.
FINRA already regulates those that commercially sell to, coach, and suggest investment opportunities to investors. If FINRA wants to control everything, perhaps they should offer to consult with every investor prior to investing in a complex investment.
Perhaps there should be a regulation that timeshare buyers need to attend a class and have a cooling off period. Or maybe boat/yacht and aircraft purchasers should attend mandatory class on the pitfalls and risks before being allowed to make that purchase. Educate people before they buy their first pack of cigarettes. Better yet, there should be a regulator that interviews individuals prior to marriage to identify those that are not capable of controlling their excessive and inappropriate spending tendencies that lead to bankruptcies and incremental burden on business and society.
If mandatory education of investors is so critically important, drive change in the education system to require investment education as part of the core curriculum for our youth.
Regulators should stick to protecting the investors from corrupt people that market and recommend investments; they should not be attempting to protect investors from themselves.
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
Sean Egan Comment On Regulatory Notice 22-08
It is inappropriate for a regulatory entity to impose restrictions on adults that are capable of making their own decisions when it comes to selecting investments of their own money. No regulatory has the right to tell any American citizen how, when, and where they can spend or invest their money.
FINRA already regulates those that commercially sell to, coach, and suggest investment opportunities to investors. If FINRA wants to control everything, perhaps they should offer to consult with every investor prior to investing in a complex investment.
Perhaps there should be a regulation that timeshare buyers need to attend a class and have a cooling off period. Or maybe boat/yacht and aircraft purchasers should attend mandatory class on the pitfalls and risks before being allowed to make that purchase. Educate people before they buy their first pack of cigarettes. Better yet, there should be a regulator that interviews individuals prior to marriage to identify those that are not capable of controlling their excessive and inappropriate spending tendencies that lead to bankruptcies and incremental burden on business and society.
If mandatory education of investors is so critically important, drive change in the education system to require investment education as part of the core curriculum for our youth.
Regulators should stick to protecting the investors from corrupt people that market and recommend investments; they should not be attempting to protect investors from themselves.