I want to let FINRA know that I want to maintain my current freedom to invest in public securities of your choosing. I dont want FINRA to change the way I invest in ultra, ultrapro and ultrashort shares.
To Whom It May Concern:
I believe I am responsible for the way I invest my resources and the products I choose. Limiting my choices by intervention of regulators and the steps they take to limit my choices is improper. Inverse fund investment is part of my financial method of preserving my resources. Please do not take any steps to limit my actions in this manner.
This rule only benefit the rich. The rich can get richer and regular people is stuck.
Not fair for the limitation.
Leveraged and inverse funds are an important tool for me in achieving my investment goals. For an individual, self directed investor such as myself, they are one of the few tools available to protect my portfolio in bear or volatile markets.
I have used them successfully recently to stabilize my portfolio.
I beg you to keep the complex products, leveraged ETFs, options on the table for us retail investors. As a retail investor that has had to suffer through the 1999, 2008, and 2020 crashes, I cannot make up ground to retirement without more complex financial instruments. If I don't have ways to access options and ETFs in my IRA I am not going to take a big financial hit long term.
The Big Banks & Wall Street firms have the ability to make money when the market goes up or down. The average person should be able to do the same thing, whether with options or with leveraged or inverse funds.
To whom it may concern,
I oppose restrictions to my right to invest, and I should be able to chose the public investments that are right for me. I shouldn't have to go through any special process before I can invest in a public security.
Individual investors like me are capable of understanding cryptocurrency funds such as BITO and their risks. Please do not need pass restrictive measures on retail investors. thanks
Individuals have a right to invest their money where and how they see fit. I do not have an issue with brokers issuing notices and warnings to investors before they invest in risky securities. However many of us have done their due diligence when it comes to research and risk analysis. The role of regulators in this particular case should be to INFORM, not restrict.