I'm very disturbed that FINRA is considering regulations to limit my investment in leveraged and inverse funds. I respectfully submit that I should continue to have the right to choose my investments.
The market has been on a downtrend since early November 2021 and without the inverse ETFs, I would be unable to continue to generate income sufficient to support my retirement. I understand the risks and potential profits with both inverse and leveraged ETFs and I would be devastated to lose these investment tools.
Although I believe FINRA regulators have good intentions, I don't believe they know enough about my situation and investing knowledge to impose such limitations.
Bill Gray Comment On Regulatory Notice 22-08
I'm very disturbed that FINRA is considering regulations to limit my investment in leveraged and inverse funds. I respectfully submit that I should continue to have the right to choose my investments.
The market has been on a downtrend since early November 2021 and without the inverse ETFs, I would be unable to continue to generate income sufficient to support my retirement. I understand the risks and potential profits with both inverse and leveraged ETFs and I would be devastated to lose these investment tools.
Although I believe FINRA regulators have good intentions, I don't believe they know enough about my situation and investing knowledge to impose such limitations.