Thank you for the opportunity to comment on the above propose rule. Individuals should be able to choose the investments that are right for them and not be limited by criteria established by regulators. Information is required to be readily available from the financial companies offering the investment that describe the risks associated with each type of investment in the form of a prospectus or
Limiting investors choice to determine the best investments based upon their goals is unwarranted and detrimental Investors who use unique investment strategies (ie options, crypto currencies, shorts, high yield bonds, leveraged ETFs) should not have to incur an additional regulatory burden. There are many complex investments and they have been utilized by investors for decades. The
I believe it is every American's right to have a choice in where to store, spend, and invest our hard earned money. the banking system has failed us. yielding is .05% interest while they make billions on our money is an insult and should be a crime. crypto gives me the freedom to be in control of my own money and let me put my hard earned money to work for me, garnering all the profits (
Do not restrict my right to trade in whatever product I choose. These products are 10 years or more old and I have done my own research and analysis for days and weeks total time. You were not restricting the same products when they were going up, so you should not restrict them on the way down. You will be hurting the people you are intending to help because you cannot pick and choose what
Leveraged ETF's and crypto ETN's are part of my broader strategy in hedging and incrementally fine tuning my use of leverage. Retail investors and traders like myself accept the risk that come with leveraged ETF's, and it's not up to regulators to decide how much risk retail investors should take. Retail investors are capable of understanding the risks
It is nakedly clear that the only group you stand to protect is the establishment who have a vested interest in the traditional financial markets going up and to the right indefinitely. However, as the government inflates away the value of our savings the only people who stand to gain from impending crashes are the already wealthy. Your arbitrary barriers are clearly designed to favor the wealthy
I can see your concerns, but the proposed approach it is not the proper one. It appears to be at least discriminatory and distorting. I can write many pages, but I will be very brief for two of the points: 1. Demonstrate a high net worth : This is discriminatory. The absolute value is irrelevant. What is relevant is a relative value. (If someone's net worth is $100,000 and choose to invest $
I OPPOSE YOUR INTENDED RESTRICTIOING REGULATION TO MY RIGHTS TO INVEST IN PUBLIC INVESTMENTS. I SHOULD BE ABLE TO CHOOSE THE PUBLIC INVESTMENTS THAT ARE RIGHT FOR ME & MY FAMILY. THERE SHOULD NOT BE ANY SPECIAL PROCESS OTHER THAN BROKERAGE HOUSES DETERMINE INDIVIDUAL'S INVESTMENT EXPERIENCES & ASSET VALUES TO INVEST IN LEVERAGED & INVERSE FUNDS. SO, DO NOT IMPOSE
Instead of limiting the types of investments I can buy, please use your regulatory resources to after the out and out scamsters like Bernie Madoff and others who prey on the elderly.
Whlie you're at it, people are losing their life savings in crypto offers, NFTs, and tokens. Those are much more dangerous than leveraged or inverse funds.
If an average investor doesn't have
WASHINGTON—FINRA marks this month the 10th anniversary of the FINRA Securities Helpline for Seniors, an important resource for seniors and vulnerable investors that has assisted in recovering more than $9.3 million for investors as of Dec. 31, 2024.
