Memo to SEC/FINRA regarding the purchase of leveraged investments Proposed Rule #S7-24-15 I appreciate the opportunity to comment on this proposed new rule/regulation. I have held ProShares in one of my portfolios since early 2016. Symbol USD. This investment is up 742.06% and has split once 3:1 which tripled my shares. It has performed well in up and down markets. It has enhanced my returns in this portfolio. Here is its annualized returns 3yr 57.05%, 5yr 44.12%, 10yr 36.42%. I understand leveraging and inverse funds and their performance characteristics/risks. I hold 2 other leveraged funds. SPXL up 407.23% and TNA up 83.54%. These numbers for all 3 are as of todays close 4/28/22. I don't believe it is right for any third party or the FINRA to prevent me from making investment decisions. After all it is my money and I understand my tolerance for risk. I don't try and day or swing trade these I am long on all 3. On significant pull backs I may accumulate. Last thought I truly believe it is absolutely critical to preserve the idea of free public securities markets. Where I as the investor have complete freedom to purchase the securities and investments that I choose without the addition of government or regulatory agency-imposed limitations on my choices as an investor. The governments task is to make sure these fund companies are properly managed and audited as needed. If I make a poor investment choice that is my responsibility and mine alone. I educate myself before making an investment. It is my opinion that this proposed new rule/regulation is unnecessary and one that will not serve a free market well. We just addressed the concern with the SEC in late 2020.
For the Public
FINRA DATA
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
FINPRO
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
FINRA GATEWAY
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
For Case Participants
DR PORTAL
Arbitration and mediation case participants and FINRA neutrals can view case information and submit documents through this Dispute Resolution Portal.
Need Help? | Check System Status
Log In to other FINRA systems
Chris Sturgis Comment On Regulatory Notice 22-08
Memo to SEC/FINRA regarding the purchase of leveraged investments Proposed Rule #S7-24-15 I appreciate the opportunity to comment on this proposed new rule/regulation. I have held ProShares in one of my portfolios since early 2016. Symbol USD. This investment is up 742.06% and has split once 3:1 which tripled my shares. It has performed well in up and down markets. It has enhanced my returns in this portfolio. Here is its annualized returns 3yr 57.05%, 5yr 44.12%, 10yr 36.42%. I understand leveraging and inverse funds and their performance characteristics/risks. I hold 2 other leveraged funds. SPXL up 407.23% and TNA up 83.54%. These numbers for all 3 are as of todays close 4/28/22. I don't believe it is right for any third party or the FINRA to prevent me from making investment decisions. After all it is my money and I understand my tolerance for risk. I don't try and day or swing trade these I am long on all 3. On significant pull backs I may accumulate. Last thought I truly believe it is absolutely critical to preserve the idea of free public securities markets. Where I as the investor have complete freedom to purchase the securities and investments that I choose without the addition of government or regulatory agency-imposed limitations on my choices as an investor. The governments task is to make sure these fund companies are properly managed and audited as needed. If I make a poor investment choice that is my responsibility and mine alone. I educate myself before making an investment. It is my opinion that this proposed new rule/regulation is unnecessary and one that will not serve a free market well. We just addressed the concern with the SEC in late 2020.