Hello,
I understand that potential restrictions are being considered that would limit my access to using leveraged and inverse funds for my investments. I want to make it clear that I oppose any such restrictions that limit my right to invest in public investment instruments. I have years of experience utilizing these types of funds, and I am very aware of how they function. As with any other
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 6730 to: (i) require members to report electronically executed transactions in U.S. Treasury Securities to FINRA’s Trade Reporting and Compliance Engine (“TRACE”) in the finest increment captured by the system used to
Retail investors should have the same rights and abilities to create and maintain wealth as accredited investors. Retail investors should not have any additional burdens placed upon them to have access to products like leveraged or inverse funds.
Regulating my abilities and rights to invest as I see fit is my decision not yours. These types of moves are what would be expected from Russia or China not the USA.
Should I deem an investment appropriate for my portfolio it should be available to me not just the financially privileged. Are you trying to expand the economic gap that already exists between the wealthy and the no-so wealthy?
I
To whom it may concern,
I just received notice via an email that someone feels it may be necessary to hold my hand or to test my investing knowledge before I will be allowed to make certain investments with my own funds. I would like to make it clear that I am totally opposed to such a new regulation and do not appreciate even the thought of this possibility. I am free to gain or lose my
I feel very strongly that I be able to freely invest. It is important that I be able to invest in precious metals for example when inflation is going high. I oppose limitations on my ability to buy ProFunds.
No one should be eliminated from their right to invest. We have too many restrickions today. Don't make investing another one. People pay taxes on gains. Why mess with that too!
I dont need FINRA to tell me where to invest. Big government is a BIG mistake.
Summary
FINRA has adopted amendments to Rule 6730 (Transaction Reporting) to require members to append a modifier to a corporate bond trade that is part of a portfolio trade when reporting to FINRA’s Trade Reporting and Compliance Engine (TRACE). The amendments to Rule 6730 will take effect on May 15, 2023.
The amended text of the rule is set forth in Attachment A.
Questions regarding this
