Dear FINRA, I oppose this legislation because you are instituting more constraints on my freedom to manage my investments as I see fit. We already must review and sign documents from our broker informing us of the risks and potential losses on all leveraged investments before we can purchase those investments. In fact, I had to state my investment objectives were "most aggressive" to
I do not need nor do I want a nanny to tell me what I can or can not do with my own money. It should not matter how much or how little I have to invest. It is none of your business whether I have educated myself in safe or responsible investing. What you should be policing is fraud and misleading investment information.
I should be able to choose my own investments. There is plenty of information available for understanding the risks and benefits of leveraged and inverse funds. They are an extremely important tool for hedging other investments. FINRA should not limit my ability to manage my own investments as I see fit. All public investments should be available for anyone to buy, sell or hold.
Public investments should be available to all investors, not just the privileged. I am capable to understanding the risks and making decisions on what is best for my portfolio. All financial decisions have risk, including doing nothing. There is sufficient information presently available in a variety of channels to educate the public of the risks which makes this legislation unnecessary and
There is no reason a government body should have visibility to private law abiding citizens investments. It is a direct infringement of the 4th amendment on an individuals right to privacy. The only reason a government wants would to be use it as a political weapon.
To have access to that information an individual should be suspected or charged with a crime and a search warrant issued for access
I am writing as a self managed investor in several of the Proshares leveraged funds. I have invested in these funds for more than 3 years. I visit the Proshares website, read the prospectuses and past fund performance, the degree of leverage being offered and the risks involved. The information provided is comprehensive. I am hereby advocating to keep investments in Proshares leveraged funds
To regulate and restrict those people investing with a smaller amount of start monies while protecting and increasing the growth of dirty monies received by washing and redistributing illegal money, like from politicians who sell votes to the highest bidder or like Pelosi who gets early information known as insider trading, passing it and washing it to become legal.
Leveraged funds are important to my investment strategy. I diversify my investments in the market as a whole and use leveraged funds to boost my returns. If I am able to invest in the S&P, I should be able to leverage that. I am well informed on how the leverage products work including decay. I implore you not to limit my ability to invest as I see fit.
It is very important for an informed and risk aware investor to take calculated risk. While leveraged funds are riskier than traditional stocks, funds, etc, none-the-less, they provide a very crucial diversification alpha to smart investors.
I strongly urge SEC, regulators, Congress, and everyone else involved in restricting the access to leveraged ETFs in retirement accounts.
