I understand that regulators are interested in restricting my ability to invest in certain investments.
With the plethora of information on the internet and other places, I firmly respect an individual's right and responsibility to invest as one feels appropriate for their needs.
I have, and am using leveraged and inverse funds as a way to hedge against wild market swings - such as we are currently experiencing.
As a late comer to saving for retirement - and knowing that in the long-term markets do rise, I have been able to boost retirement savings using leveraged ETFs.
Knowing that Social Security is in serious jeopardy of long-term solvency, all investors should be able to use any and all tools available to save/invest for their future financial security.
Putting in roadblocks, such as specialized testing or other restrictive measures will only limit what tools responsible investors will have.
I strongly reject further government intrusion in this area of my life and hope that FINRA allows continued access to any and all investors whichever investments they deem appropriate for themselves.
James Danovich Comment On Regulatory Notice 22-08
I understand that regulators are interested in restricting my ability to invest in certain investments.
With the plethora of information on the internet and other places, I firmly respect an individual's right and responsibility to invest as one feels appropriate for their needs.
I have, and am using leveraged and inverse funds as a way to hedge against wild market swings - such as we are currently experiencing.
As a late comer to saving for retirement - and knowing that in the long-term markets do rise, I have been able to boost retirement savings using leveraged ETFs.
Knowing that Social Security is in serious jeopardy of long-term solvency, all investors should be able to use any and all tools available to save/invest for their future financial security.
Putting in roadblocks, such as specialized testing or other restrictive measures will only limit what tools responsible investors will have.
I strongly reject further government intrusion in this area of my life and hope that FINRA allows continued access to any and all investors whichever investments they deem appropriate for themselves.