FINRA, This is patently ridiculous and Un-American. Just exactly why is this being contemplated? Why should a trader not have the right to effectively change their minds, regarding their sentiment towards the markets. Its patently ridiculous to imply that individual investors only be left with buy&hold or buy & sell to cash alternatives. The same thought processes apply to leveraged funds and covered options. These things are toolsmaybe not used by all, but certainly valuable to many. Its like Lowes deciding that Joe Q. Public should only be allowed to buy hand saws and that compound mitre saws are only allowed to be sold to contractors. Againpatently arrogant and ridiculous as weve seen MANY of the professionals getting crushed in the recent downturn when I sold and moved to cash.
Todd Metcalfe Comment On Regulatory Notice 22-08
FINRA, This is patently ridiculous and Un-American. Just exactly why is this being contemplated? Why should a trader not have the right to effectively change their minds, regarding their sentiment towards the markets. Its patently ridiculous to imply that individual investors only be left with buy&hold or buy & sell to cash alternatives. The same thought processes apply to leveraged funds and covered options. These things are toolsmaybe not used by all, but certainly valuable to many. Its like Lowes deciding that Joe Q. Public should only be allowed to buy hand saws and that compound mitre saws are only allowed to be sold to contractors. Againpatently arrogant and ridiculous as weve seen MANY of the professionals getting crushed in the recent downturn when I sold and moved to cash.