John Hogue Comment On Regulatory Notice 22-08
Public investments should be available to all of the public,
not just the privileged. Leveraged and inverse funds are important to my investment strategies.
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.
Public investments should be available to all of the public,
not just the privileged. Leveraged and inverse funds are important to my investment strategies.
I oppose this potential set of regulations. They are arbitrary and they hurt investors. I respectfully request that these regulations not be enacted and that I be allowed to freely invest my hard earned dollars freely.
These leveraged instruments are valuable and a fundamental part of my strategy. Traders and investors should have the option to buy and sell them freely. Please do not limit my and other individuals choices in what we buy and sell.
I find these valuable instruments for my investing strategy. Please do not remove this option.
I should be free to invest where I see fit. I know the potential risks - and rewards - of leveraged and inverse funds and incorporate them into my portfolio to hedge against losses and seek better returns. Imposing restrictions, like testing, restricts the ability to invest in such funds to the privileged and well-connected.
I feel that regulators should not set rules for common folk to purchase certain stocks. it should be our right to purchase what we want without interference. Thank you
Comments: I don't believe FINRA should disallow "retail" investors all of the options that hedge funds and more experienced traders have access to. I think education is much more valuable than preventing people from having access to "complex products". My brokerage firm already provides warnings and information about investing in leveraged and inverse funds. It is in my opinion that it is the brokerage firms responsibility to provide such information and not the responsibility of regulatory agencies to prevent access.
I fall into the category of investors which this regulatory notice is aiming to protect: I am a relatively young retail investor who has chosen to invest in complicated funds on a self direct brokerage. Therefore, I feel the need to discuss my experience with complex products.
I acknowledge that these funds are more complicated than conventional products. However, complication does not mean retail investors cannot be educated on how these funds work and their potential risks.
Im a heavy investor in these funds and I would appreciate if you would leave things alone