To whom it may concern,
I vehemently oppose any and all restrictions to my right to invest in the funds that I deem appropriate for me and my personal risk tolerance. I dont need anybody to protect me from myself. I am perfectly aware of the risks associated with leveraged funds, and I should be allowed to take those risks if I choose. Exams, net worth requirements, and cooling off periods should
I should be able to choose my investments and apply leverage when needed despite my net worth or status. I am perfect capable of understanding the risks of leveraged funds. The risks are very high, but no worse or better than the risks of investing in other highly volatile securities like individual stocks and commodity etfs. Investing in Facebook would've lost me 50% of my investment in one
Published January 5, 2024.Updated July 10, 2024.*On May 22, 2024,1 the requirements relating to Covered Agency Transactions, as amended pursuant to SR-FINRA-2021-010,2 went into effect. “Covered Agency Transactions,” as defined more fully under amended Rule 4210(e)(2)(H)(i)b., are (1) To Be Announced (TBA) transactions (inclusive of adjustable rate mortgage transactions) with settlement dates
As an investor, we should have the right to choose our own specific investment vehicles best suited to our investment objectives and risk tolerance. Leveraged and Inverse funds, although involving more risk, can help individual investors with my investment experience and risk tolerance, are able to achieve the results I'm looking for as part of my overall investment portfolio.
This
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Oppenheimer & Co. Inc. $2.25 million and ordered the firm to pay restitution of more than $716,000 to affected customers for selling leveraged, inverse and inverse-leveraged exchange-traded funds (non-traditional ETFs) to retail customers without reasonable supervision, and for recommending
I hold positions in many of these at-risk funds in my portfolio. I find many of them to be useful for reducing my overall risk by spreading my investments across different asset classes and reducing the overall volatility of my portfolio. I am fully capable of understanding my investments, their risks, and their rewards. I do not need to prove my understanding to anyone before risking my money. I
Anyone who wants to invest should be able to. High risk investments are already limited at brokerage firms, example if you wanted to invest in certain option contracts brokerage firms will require a specific amount of capital in your account or you have to be eligible to invest using margin. Firms already are doing this to protect their risks so this would be unnecessary. Average investors should
Subject - Petition to FINRA opposing FINRAs proposal to restrict / stop trading in Leveraged ETFs / ETNs
I submit that the current controls of my broker when any investor invests in any leveraged ETFs / ETNs are adequate.
1. Every investor when trades in Leveraged ETFs / ETNs mandatorily signs the Designated Investments Agreement that clearly states the risk & the qualification
I strongly disagree with the notion that more "guardrails" are needed for retail investors dealing in so-called "complex products." While some products are truly complex and require an investment of time for an investor to fully understand their risks and rewards, other products you name--particularly options--are not truly complex or difficult to understand with a modicum of
I submit that the current controls of the brokerage company when any investor invests in any leveraged ETFs / ETNs are adequate.
1. Every investor when trades in Leveraged ETFs / ETNs mandatorily signs the Designated Investments Agreement that clearly states the risk & the qualification
requirements.
2. Every time the investor places order of any Leverages ETFs / ETNs, the system