Limiting investment options is clipping the wings of the myself, an average investor, and many others, allowing those who are already the elite to profit off of a public market that was designed for the benefit of everyone. Leveraged and inverse funds allow every day investors such as myself to take calculated risk based on their investment plan. Restrictions and additional hurdles to jump
FINRA administrator: I am writing to urge you to not infringe on my ability to direct my own investments, particularly regarding inverse or so-called "bear" funds. We have governmental bodies and procedures in place to determine if a person is mentally fit to manage their own affairs. Barring a determination that I am unfit to do so, I should have every right to invest my assets in the
Classic nanny state, liberal, control the world legislation! Who are you to tell us how to invest our money? Who are you to tell me that I am unable to manage my portfolio in a responsible manner and limit my exposure to riskier investments. FINRA who the heck ELECTED you to do this draconian, over-stepping requirement. Who are you that hasn't already profited from insider knowledge
This proposal:
-Hurts Investors: It could potentially deny you the freedom to choose investments that could
help you achieve long-term financial security.
Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary
and vague that it could ensnare a vast number of commonly used public securities. Tests or
URGENTACTION NEEDED BY MAY 9TH
Your ability to freely invest
Having restrictions on leveraged and inverse funds is completely unnecessary. The public should have full access and control over where their money goes. I believe those who hold such funds fully understand the risk and are not afraid to lose a significant portion of their investments.
As someone in my early 20's, I have leveraged funds as a large portion of my portfolio because I do
I express my disapproval of the possible restriction on the ability to invest by myself, it has been a fundamental advance for me to know that I am capable of planning my financial future while learning along the way about how to make my investment systems more efficient. I have been able to empower myself as well as my children, family and friends to learn and apply financial knowledge in asset
I oppose limitations on leveraged an inverse products.
These products are an important part of my portfolio and are useful tools for securing my long-term financial security.
Furthermore, these don't represent an outsized risk compared to idiosyncratic risk associated with investing in (or short-sellijg) individual stocks -- yet they already carry an *abundantly clear* warning --
Sirs, As a 35+ year registered Democrat I have come to realize my choice of parties has become nothing more than the nanny state writ large. My god, how stupid do you think people are, that they can't decide for themselves to invest/speculate/gamble in whatever they want, without YOU, unelected and overpaid officious elitists, telling us you're here to protect us from ourselves. I am
Entity should obtain a "no action" letter from the SEC before NASD Regulation will determine whether payment of non-transaction-based compensation from a member to a non-member for administrative and clerical services under a preferred alliance agreement would violate Rule 2420.
If you’re just starting your career, planning for retirement might be the last thing on your mind. However, the choices you make now can significantly affect your finances in the future. You don’t want to overlook is the 401(k), which can be a powerful resource for building a secure retirement.
