This is as misguided on the part of FINRA as it gets. The entire regulatory structure is built to support the "long equities all the time" theme. Decades of essentially free money have made publicly traded equities on US exchanges one of the riskiest assets in the world. When the bond market takes the printing press away from the Federal Reserve (it is not a question of if, but when),
We should be tested on our competency of markets to prevent uninformed decision making that can alter our entire lives.
Leveraged and inverse funds are important to my investment strategies. they help me protect (hedge) my investments and seek enhanced returns. Also I understand the risk and is only limited part of my overall portfolio.
Stop all government intervention in our lives!
Please keep government hands out of my investment options. Free markets made us rich, not politicians.
Regulators need to stop dictating what we as investors can and cannot due. The proposed regulations in rule 22-08 are akin to discriminatory voting test or other suppression tactics which have been used to disenfranchise broad demographic groups. All investments should be open to all. Regulations cannot protect us from ourselves. Restricting certain investments to high-wealth individuals or other
Regulators should not be able to choose what public investments are right for investors. Its our money not yours. By doing so youre only taking care of special interest groups funding your campaigns and lining your pockets with perks for their personal gain, therefore crushing the very people trying to get ahead financially in life! Who do you work for, the people or the evil specialist interest
Investing in cryptocurrency funds, such as BITO, is very important to my investment strategies. I oppose restrictions to my right to invest!
Joseph H. Phoenix [REDACTED] May 3, 2022 Re:Comments FINRA Notice March 8, 2022 Dear Financial Industry Regulatory Authority (FINRA): It is my understanding that FINRA has proposed regulations in its notice dated March 8, 2022 that will make it less easy to buy and sell leveraged and inverse electronically traded funds. I trade with major brokerage houses. I buy and sell leveraged and inverse
Life is about choices. Some choices are riskier than others. You cannot outlaw stupidity. Liberty means I have the right to choose to take a risk, if I believe that the potential reward is worth it.
