Kevin Lin Comment On Regulatory Notice 22-08
Do not limit my freedom to manage my own asset. Broker house has done due diligent to inform me about the risk. That is enough!
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
Do not limit my freedom to manage my own asset. Broker house has done due diligent to inform me about the risk. That is enough!
It is incumbent upon me to voice my objection to the consideration by FINRA to restrict my ability to invest in public securities and their risks without first demonstrating my understanding or abilities to a governmental agency. As part of my financial portfolio, investing in leveraged and reverse funds allows me to take part in the great American dream of developing wealth. It is important to my investment strategy to do so without governmental limitations or restrictions.
why do I have to ask for your aproval to invest my money???? it's mine . I earned it . Public investments should be available to all of the public, not just your friends at the elite
Principally I use inverse and leveraged funds provide a way to hedge against market downturn or increase the benefits from market movement in one direction. They are not complex... if one reads about how they work and their prospectus they are straight forward to manage. A microwave is complex until you read the instructions. Understanding the risk/reward of these products is not complicated unless one does not know how to read. There may be people who don't bother understanding what they are doing but why should everyone else have to suffer?
I do NOT need the govt telling me how to invest my own money. I have invested in leveraged funds for many years and they have benefited my portfolio a great deal. Stop trying to be my nanny.
I want freedom to choose for myself, I do not need regulation
To whom it may concern:
Leveraged and inverse funds are important to my
investment strategy. I use them on a limited basis and when I am extra bullish or bearish on a trend.
I shouldn't have to go through any special process
like passing a test before I can invest in public securities,
like leveraged and inverse funds. I am
capable of understanding leveraged and inverse funds
and their risks. I do not need these measures imposed on me.
thank you.
Leveraged funds are an important part of my investment strategies. Involvement of regulators in a person's wallet should be limited, just like their involvement in private lives in general. Furthermore, the paternalistic stance taken by regulators is reminiscent of the approach of the most severe autocratic and totalitarian regimes, where a dictator considers his people too feebleminded to make the right decision.
Why does FINRA contemplate taking up a "mother hen" position with respect to "complex products" such as leveraged ETFs? There are no guarantees with respect to any investment strategy, and it is easy to lose a fortune in any number of market instruments -- including standard stock and mutual fund trades.
To Whom it may concern:
I not regulators should be able to choose the public
investments that are right for myself and my family.
Public investments should be available to all of the public, not just the privileged.
It is very important to me that I be allowed to manage my money myself.
I have the right to share my views,
AND YOU the regulators are required to take my comments into consideration in deciding whether to move forward.