What right do you have to limit mine? Investments should be between my broker and me. You have no business testing, gatekeeping, or knowing my income. Worst of all, cooling off periods? Day traders tend to make multiple trades a day; don't ruin an entire way of life.
I was in the financial arena for over forty year and have handled my own investmennts for at least that long. I don't need FINRA to tell me how to invest or limit my access to investments I deem beneficial to myself. At 81 years of age, I am not about to submit to your testting of my abilities.
Give it a rest!!
Me- not regulators should be able to choose the public investments that are right for me and my family.Public investments should be available to all public not just the priviledged. I shouldnt have to go through any special process like passing a test to invest in public securities. I am capable of making inverse and leveraged funds and their risk.
A person who would like to invest money they have earned should be able to invest in any way they see fit, without the need to take special tests or courses, or have additional imposed restrictions based on net worth or any other financial regulation that limits how or where they choose to invest their money.
Leveraged and Inverse funds are important investment strategies to head against. Such investments should be available to the general public like me who are not privileged - we don't need tests to understand leveraged / inverse funds and the risks they entail. Do not make regulations that only benefit the super rich - give equal opportunity to everyone.
This is outrageous. Individuals should be allowed the same instruments as the privileged few. I should be able to choose the investments that are right for me and m family.I am capable of understanding leveraged and inverse funds and their risk. I do not need to pass a "test" to invest in these instruments. I am currently using a inverse fund and it is helping to protect (hedge
I object to the proposed restrictions. Special tests and selective criteria is another attempt by FINRA and the SEC to discriminate against small investors under guise of market manipulation prevention. Your targeted investors are adult and should have the freedom to make their own investment decisions. I use inverse funds to hedge against market decreases.
I not regulators should be able to choose the public investments that are right for me and my family.
Public investments should be available to all of the public, not just the privileged.
I am capable of understanding leveraged and inverse funds and their risks. Regulators you do not need impose measures like passing a test to invest in these products imposed on me
WASHINGTON - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Morgan Stanley & Co. Inc. and Morgan Stanley Smith Barney LLC $1 million and ordered $371,000 in restitution and interest to customers for excessive markups and markdowns charged to customers on corporate and municipal bond transactions, and related supervision violations.
I support this. FINRA's below requirements are reasonable in the given format: Pass a regulator-imposed test of your specialized investment knowledge Demonstrate a high net worth Get special approval from your broker Attest to reading certain materials Go through cooling off periods during which you cant invest
