Dear SEC I am appalled by your recent proposal to restrict investment in leveraged and inverse ETFs to investors with a high net worth. Particularly inverse ETFs are one the few convenient ways that smaller investors presently have to hedge their risk against a bear market. By restricting these funds to the very wealthy, your rule's primary outcome will be that high net worth investors can make fat gains during bear markets, while the general public will at best be stagnant, if they sold in time that is. This is an absolutely appalling rule intended to enrich the wealthy few, and only them. It is also ludicrous to think that one would need training to be able to buy leveraged ETFs. What leveraged ETFs are can be explained in one sentence in a way that John Doe perfectly understands. And finally, please stop behaving like a 'nanny state' that claims there is a need to eliminate risk for the individual. Individuals should know their entire investment is at risk when investing in stocks or ETFs. They are being reminded countless times. And finally, note that holds just the same whether the ETFs are leveraged or not. So no need for additional rules. Kindly withdraw this proposal for restrictions immediately.
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
Sven Serneels Comment On Regulatory Notice 22-08
Dear SEC I am appalled by your recent proposal to restrict investment in leveraged and inverse ETFs to investors with a high net worth. Particularly inverse ETFs are one the few convenient ways that smaller investors presently have to hedge their risk against a bear market. By restricting these funds to the very wealthy, your rule's primary outcome will be that high net worth investors can make fat gains during bear markets, while the general public will at best be stagnant, if they sold in time that is. This is an absolutely appalling rule intended to enrich the wealthy few, and only them. It is also ludicrous to think that one would need training to be able to buy leveraged ETFs. What leveraged ETFs are can be explained in one sentence in a way that John Doe perfectly understands. And finally, please stop behaving like a 'nanny state' that claims there is a need to eliminate risk for the individual. Individuals should know their entire investment is at risk when investing in stocks or ETFs. They are being reminded countless times. And finally, note that holds just the same whether the ETFs are leveraged or not. So no need for additional rules. Kindly withdraw this proposal for restrictions immediately.