WASHINGTON— FINRA announced today that after nine years in the Department of Enforcement, Christopher Kelly plans to leave FINRA on Nov. 1 to pursue other opportunities. In his most recent role of Senior Vice President and Deputy Head of Enforcement, Kelly oversaw the work of FINRA’s Enforcement attorneys throughout the country as well as Enforcement’s Litigation Group.
“Chris’s contributions to
totally not needed. Public investments are public..Period! If I want to invest, it is My Responsibility to understand what I am doing. I am an active user of leveraged and inverse funds for hedging as well as another form of using risk. I also use currency, fixed income products and options. I have lost money as well as made money using these products. Don't impede my ability to use various
Please don't limit my ability to invest in the funds. I am well aware of the risk as well as the benefits of investing in those type of investments. Limiting the ability to invest is deviation from the open market theory and John Adams the "invisible hand" towards a ore intervening by the Government to manipulate the markets and causing a lot of damage than good in the
I have been investing in leveraged and inverse funds for well over a decade and am very happy with my results. I do not believe I need to take a test so that I can invest in these funds nor do I believe one should have millions of dollars before being allowed to use these instruments. They are important to my overall investment strategy in order to enhance my returns as well as to hedge other
I would like to make sure you consider that many investors outside of 'high net worth' individuals only have the capacity to understand the risks involved with leveraged and inverse type products which ProShares provides. I value the options that these types of products give me when it comes to having a well balanced portfolio in terms of both risk vs reward, protection (often a part of
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I should not need anybodys permission to invest in public mutual funds. The leveraged inverse funds are an important part of my hedging program against market losses during volatile markets.
FINRA Provides Guidance on Advertising Regulation Issues
To Whom It may concern:
I have successfully been investing in ProShares leveraged funds since 2012, over 10 years. Investing in the leveraged funds has enabled me to achieve an above average annual return. The wealth generated from these investments has largely been in a tax deffered Profit Sharing Plan and an IRA.
They provide me with a greater sense of mental well being, which carries over
Dear Sirs/Madams, It's come to my attention that you are considering regulating so-called complex or leveraged ETFs. As an active small investor, I implore you not to do so. I use these ETFs to hedge risk in the marketplace, and this gives me confidence in my investments, knowing that I can sustain market shocks, as well as to maintain reasonable rates of return. I have been using these for
