Neil Christensen Comment On Regulatory Notice 22-08
Neil Christensen
N/A
I have been investing in TQQQ for 5 years now. I use a quarterly rebalancing method that has benefitted from TQQQ's high degree of volatility. When it is high, I sell off a portion. When it is low, I buy more shares with the money set aside in bond funds for this purpose. I understand the risks associated with this product and trade accordingly. I recognize the possibility of losing my investments and only invest money I am able to lose.
I am a college professors of modest means that would never achieve the sort of financial security and ability that I want without access to TQQQ. If you removed my ability to invest in products such as this, you would effectively only allow the already wealthy to gain more wealth and would block my ability to rise into financial freedom. Therefore, I am stringently opposed to removing my ability to invest in leveraged products such as this.
The most that is acceptable, from my point of view, would be for the investor to first read and acknowledge the severe risk associated with these products. Such literature should be short and easy to understand. But, if the investor acknowledges the risk and chooses to invest of their own free will, then it would be highly inappropriate to not allow them.
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
Neil Christensen Comment On Regulatory Notice 22-08
I have been investing in TQQQ for 5 years now. I use a quarterly rebalancing method that has benefitted from TQQQ's high degree of volatility. When it is high, I sell off a portion. When it is low, I buy more shares with the money set aside in bond funds for this purpose. I understand the risks associated with this product and trade accordingly. I recognize the possibility of losing my investments and only invest money I am able to lose.
I am a college professors of modest means that would never achieve the sort of financial security and ability that I want without access to TQQQ. If you removed my ability to invest in products such as this, you would effectively only allow the already wealthy to gain more wealth and would block my ability to rise into financial freedom. Therefore, I am stringently opposed to removing my ability to invest in leveraged products such as this.
The most that is acceptable, from my point of view, would be for the investor to first read and acknowledge the severe risk associated with these products. Such literature should be short and easy to understand. But, if the investor acknowledges the risk and chooses to invest of their own free will, then it would be highly inappropriate to not allow them.
Thank you for considering my input.