Christian Orms Comment On Regulatory Notice 22-08
The industry is over regulated already and investors are capable of determining how to use investment products to achieve their goals.
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The industry is over regulated already and investors are capable of determining how to use investment products to achieve their goals.
Hi Finra,
I am concerned that the regulators would curtail the publics ability to protect the downside or enhance the upside of market movements for some investors but allow those same products for others. That is a two-tiered system and runs counter to the free and open market that is essential to allowing all investors to invest on an even playing field.
This attack on the individual investor seems to occur anytime the stock markets drop 10% or more. It seems FINRA looks for a scape goat and acts out to attack us by trying to destroy opportunity and product selection. They don't seem to understand the true reason why the stock market so elevated and due for a greater fall. The Federal Reserve illegally violated the Federal Reserve Act, Section 13, in 2020, with a dangerous intervention into broad-based purchase of corporate bond purchases.
Public investments should be available to all of the public, not just the privileged. Regulators should regulate the insider trading and algorithm machine trading not choice of trading.
I oppose the restrictions to the rights of my investment as a normal individual, as thousands of other people in this country. It poses a severe threat towards market fairness. It's like locking people in home because of Flu. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are. Also, the liquidity will be severely affected if passed.
Leveraged ETFs are no more risky than options and can act as risk reduction and diversification as part of a larger strategy.
Allowing investors to buy single stocks is risky as well, why not ban buying those to protect investors?
It's ludicrous to expect return of any kind without risk, that is the name of the game.
Above all, people should be free to make their own investment decisions.
Comments: Why are you wanting to take away a tool? These tools level the playing field, don't take the
Finra would be better served finding a way to stop unregulated shorting of many securities in the US markets. This action against Leveraged and Inverse funds inhibits a hedging mechanism that is useful to individual investors.
I have been investing for 48 years for my own account and am fully capable of understanding leveraged and inverse investment strategies and think that they are an important tool that I occasionally use and have used in my investment career. I do not believe that a person should be required to go through any special processing or testing before you are allowed to invest in these type of securities, nor do I believe that any regulators need to impose these measures on anyone.