If there is one way I can make up my losses, is thru leveraged ETFs. Please stop this madness. Traders are smart enough to read and educate themselves before buying leveraged or inverse ETFs, including myself. If you like to help the traders, here is something much more important you can do: Make our funds available right away after each transaction and/or at least within the hour. In this age of
Id like to express my displeasure with the attempt to restricting my ability to easily and appropriately utilize leveraged and inverse ETFs. These tools are the only way I have an opportunity to achieve a comfortable and much needed retirement for myself and my family.
Limiting levered funds would be akin to limiting options, futures, swaps, or any other derivative products that investors use to hedge risk or seek profit. Leverage exists everywhere. One example is a mortgage. Another example is home insurance. There is nothing special about levered funds that is any different that other examples of the use of leverage in the economy.
Dear Finra,
I strongly encourage you to continue allowing retail and retirement investors like myself to continue investing in levered and complex products. These products are great investment tools for people like myself who choose to perform careful and thoughtful research while understanding the risks that come with them. It would be government overreach to restrict individuals from making
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I, not regulators, should be able to choose the public investments that are right for my family.
Leveraged and inverse funds are important to my investing strategies.
Please do not impose regulations that limit my ability to buy leveraged or inverse ETFs.
In an economy like this it is important to create a hedge using these products.
Thanks,
Mike Quinn
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST!
Considering that regulations on investing in the past has shown a total ineptitude in helping the small investor or are only implemented to help the rich. Those that are their to help us are worse then we could ever be and Im not one to be against regulations in general.
Please do not restrict my right to invest in what you consider to be complex markets. I am able to understand what I am doing without your oversight.
Comments: Consumers should be asked to sign a consent form for the risk they are undertaking which is already the process today I think. I don't believe any other restriction is necessary.
