I should be able to choose the public investments that are right for me, without the government putting restrictions in place such as a test to determine my fitness to invest my own money. It is my hard earned money and I can invest it as I see fit. Leveraged and inversed funds are important to me in my overall portfolio.
Should remain available to everyone.
Dont need you to mess with this
I have been investing in leveraged ETFs for at least 30 years.
It is very unfair to see my TQQQ s dropping from almost $90 to the current level of $36, I kept adding to my investment as the price dropped and now that I have the opportunity to buy cheaper regulators want to prevent me from investing to add to my devalued position. I know exactly what Im doing, it is on my own risk and the US is a
Attention: FINRA
As an American, each individual should not have any restrictions preventing or limiting their investors from buying any range of public securities.
Make sure complete and appropriate disclosure of the securities should continue to be required, but then it should be left to the investor.
Dear regulators,
Our country is a capitalist economy and it works on market force. Please do not regulate financial products limited small investors like myself to chose funds to fit my investment goal.
Leveraged ETFs have sufficient disclosures for retail investors to understand what they are buying. It is ridiculous you’re considering additional restrictions.
Are you also exploring limitations on 100% equity portfolios because some investors might naively sell during market downturns?
The onus is not on FINRA to ensure people don’t make poor investment decisions. Having sufficient
As a college student who works for near minimum wage, saving for my future, no matter how frugal, amounts to very little. Since investing, leveraged stocks have given my capital a turnover that puts my financial goals on track, given due diligence. Banning leveraged stocks would be another financial avenue closed to the working class, who simply want to save for their own home.
As long as they do not closing funds and still take money.
