Hi FINRA,
Please DO NOT restrict leveraged or inverse funds. I am a huge fan of $TQQQ because of the 3x leverage that it offers me on the shares, which are based on the Nasdaq 100. This leverage has helped me build my portfolio over the last few years and I am very grateful that a product like it exist. If you all were to restrict such product that would be very bad for the beginner investor and shut them out of great opportunities. It IS NOT fair to restrict a leveraged or inverse product to someone with a smaller amount of capital. The markets need to be free and the investors/traders need to have choice. Do NOT do something as stupid as restricting these instruments.
Thank you,
Shawn Freshley
Shawn Freshley Comment On Regulatory Notice 22-08
Hi FINRA,
Please DO NOT restrict leveraged or inverse funds. I am a huge fan of $TQQQ because of the 3x leverage that it offers me on the shares, which are based on the Nasdaq 100. This leverage has helped me build my portfolio over the last few years and I am very grateful that a product like it exist. If you all were to restrict such product that would be very bad for the beginner investor and shut them out of great opportunities. It IS NOT fair to restrict a leveraged or inverse product to someone with a smaller amount of capital. The markets need to be free and the investors/traders need to have choice. Do NOT do something as stupid as restricting these instruments.
Thank you,
Shawn Freshley