I am not a regulator and I think I should be able to choose the public investments that are right for me and my family, BUT FINRA should not outlaw it altogether. Leverage products from Direxion have this [REDACTED] crazy rebase calculation that is rebased to one every night is insane. FINRA should make them improve the calculation not outlaw it. Leveraged and inverse funds are important to my trading strategies, it is the fastest way to beat the market. I do not think is fair to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. Please don't put restrictions on investors like me, but regulators should put restrictions on the funds' companies like Direxion. FINRA should also fine those [REDACTED] put this kind of crazy formula to trap investors over time. Thank you!
Frank Fung Comment On Regulatory Notice 22-08
I am not a regulator and I think I should be able to choose the public investments that are right for me and my family, BUT FINRA should not outlaw it altogether. Leverage products from Direxion have this [REDACTED] crazy rebase calculation that is rebased to one every night is insane. FINRA should make them improve the calculation not outlaw it. Leveraged and inverse funds are important to my trading strategies, it is the fastest way to beat the market. I do not think is fair to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. Please don't put restrictions on investors like me, but regulators should put restrictions on the funds' companies like Direxion. FINRA should also fine those [REDACTED] put this kind of crazy formula to trap investors over time. Thank you!