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 6120 (Trading Halts) to conform to recent amendments to the NMS plans governing the collection, consolidation and dissemination of quotation and transaction information for NMS stocks and to make technical and clarifying
I have been doing my own research and buying/selling investments for over 35 years and do not need or want the government involved in what I do. I am not impression in much of what the governments does now so would not trust them to handle my affairs and plan to continue to do my own investing in the future.
Individual investors are at a massive disadvantage compared to institutions. Do not impose additional restrictions that hurt the everyday citizen. Restrict congress' ability to trade, not mine.
I will vote against any candidate that supports these restrictions. This is my number 1 issue. I plan on living on my investments someday and your actions are impacting my ability to do so.
A democratic government should not second-guess the competency or plans of private citizens in their financial strategy. Are we going to be told how to dress and what we can eat next? Money is involved - people know they need to be careful. Any restriction will be government overreaching. We are not a totalitarian state - what other rights have become "negotiable"?
Do not restrict my ability to buy Proshare products.
These products have allowed me to retire earlier than planned because of Proshare product performance.
The ability to trade at anytime combined with single company potential returns without the single company risk are huge investment advantages that cannot be found with any other product.
I have done my own research and am aware of the risks and benefits associated with leveraged ETFs. I currently own such investments so that I can leverage the midcap class and I plan on buying more on my own accord in the future. I will be less inclined to engage in these strategies if I am limited by a regulator with regards to which funds I can purchase.
To whom it may Concern,
I received this alarming message about investing in a complex security that if Finra passed, it would limit our ability to buy more shares. It is very unfair if you committed to a position understanding the rules initially and planned out your strategy for the whole year, and in the middle of the battle, the rules change. This is very unfair.
We follow a very regimented investment plan that utilizes, in part, leveraged funds. It is providing an income stream for us now in our retirement.
We were vetted by our investment company (Fidelity Investments) in order to trade freely with leveraged funds. There should be no other restrictions placed on an individual's right to choose their method of investment.
Reducing the pool of potential investors does not sound to me like a plan to make investing easier or better. These restrictions also don't seem like steps to make the markets more efficient - the proposed rule sounds like a way to make the markets way less efficient. Anyone should be able to buy - or to sell - these holdings.
Please, do not restrict me from investing in certain investments that you think I am not smart enough to understand. These securities are a part of my retirement plan and will set me back 10-20 years if I can not invest in them. You are not my financial advisors, you do not know what is good for my financial health.
