When it comes to retirement savings, even the most adventurous seniors may consider something routinely described as "plain vanilla": a fixed immediate annuity. With an immediate annuity, the investor pays an insurance company a lump sum in exchange for regular income payments. Both fixed and variable immediate annuities deliver income quickly, but there are differences.
Rather than block investors from complex ETFs, another, perhaps preferable, approach would be to require that explanations of complex investments be written clearly, in simple English, and that the consequences of an investment, including risks, in those ETFs be clearly spelled out. That would allow investors who would like to use ETFs as part of their portfolio, and understand the consequences
The general public is already warned enough on leveraged ETFs that there is no reason for additional regulations and warnings for individual retail investors. They should be able to risk their hard earned money in ways they see fit for themselves. Individuals should have a right to use financial products they see fit to use in order to achieve their short term financial goals. Adding additional
These comments are in regard to FINRA's Regulatory Notice 22-08 request for comments.
I am a non-professional, active investor who monitors and manages my personal portfolio every day. As such, it is important to allow active investors like myself to make their own determination of what products to use at what time to achieve their financial goals. Individual investors, not regulatory
Dear Regulators,
I oppose restrictions to my right to invest!
I should be able to choose the public investments that are right for myself. Public investments should be available to all investors, not just the privileged. I shouldn't have to go through any special process before I can invest in public
securities, like leveraged and inverse funds. I do understand leveraged and inverse
Dear FINRA, I come from the industry, although now retired, and am an active trader using leveraged products. I agree with you that anyone using these products should be able to demonstrate sophistication and an understanding of the underlying optionality and risks. (In cases of trading discretion, the person with trading discretion over the client's, or family member's,
FINRA Requests Comment on a Proposal to Amend Rule 3110 (Supervision) to Provide Firms the Option to Conduct Remote Inspections of Offices and Locations That Meet Specified Criteria
In addition to the Helpline, FINRA has consistently focused on addressing concerns relating to senior investors. Our efforts have included rulemaking to provide firms with tools to address financial exploitation of seniors, guidance in FINRA publications, reviews of senior investor protection programs in our examinations, enforcement actions and collaboration with other regulators, as well as
I 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've been saving up all my life to be in a position to invest in whatever I want - now these proposed regulations deem to treat me as someone not worthy to make my own decisions?
I shouldn't have to go
I oppose FINRA restricting my right to invest in publicly traded ETFs..I should be able to choose the public
investments that are right for me and my family. I shouldn't have to go through any special process
like passing a test before you can invest in public securities,
like leveraged and inverse funds. I am very capable of understanding leveraged and inverse funds
and