Hello. I firmly oppose this FINRA Regulatory Notice. I am the one who should have agency in my financial decisions and it is not up to regulators to only let a certain subset of the population have access. Considering the fact that wealth is a factor, this is showing preferencial treatment for the wealthy and is completely unacceptable. In addition, I should not need to prove to regulators that I
I am writing to oppose restrictions to my right to invest in certain securities. These products can be very risky, and all investing has inherent risk, it depends on the person's financial situation and risk appetite. These restrictions are not representative of a free market, capitalism, or America itself. Keeping these complex products around allows investors to understand more pieces
Investors should be free to select which investments they feel are reflective of their risk level. It is asinine that the talk of banning leveraged ETFs is circulating when 18 year olds can place 100% of their money into a meme stock and then still access margin to double down on their stupidity, which is objectively more risky than a properly balanced, risk adjusted, leveled ETF portfolio. We
Greetings,
I have been using inverse and leverage funds for years as a way to MITIGATE risk in my portfolio. They have proven time and again to be great vehicles for preserving wealth and capital in times of uncertainty. During the COVID crash, Inverse funds allowed me to hedge my portfolio quickly and easily and preserve most of my capital while the "buy and hold" crowd lost 30
I am an individual investor who believes a person should not need to go through a special process before being allowed to invest in public securities. To invest is to be aware that markets fluctuate and carry inherent risk -- any serious investor learns this quickly. I should not have to jump through hoops or demonstrate I have an arbitrary net worth before investing in leveraged or inverse funds
I'm writing to let you know that I vehemently oppose this regulatory proposal for the following reasons.
1. I use leveraged and inverse ETF's regularly in order to manage and reduce risk in my investment. These ETF's allow me to hedge against market risk, and therefore are a very important part of my portfolio.
2. These public investment securities should be available
New Implementation Date for and Additional Guidance on the Consolidated FINRA Rules Governing Know-Your-Customer and Suitability Obligations
If regulators are really concerned about helping retail investors manage their risk in the market they should make it easier to buy fractional shares and fractional options. Let's say a retail investor has 1 position in her account. She bought 100 shares of LABU @ $4.93. It rose to $5.93 today so she's gained $100. LABU is the 3x ETF for Biotech Bull. The best protection vs an LABU fall
Comments: All investing involves risk. Stocks, Bonds, Mutual Funds, ETFs, Commodities, Currencies. Imposing sanctions, regulations on a specific sector or industry that market "complex products" is arbitrary, biased and prejudiced when not imposing the same sanctions, regulations on other risk assets as Stocks, Bonds, Mutual Funds, ETFs, commodities, etc. Those who market these "
I have utilized leveraged mutual and ETF funds in my IRA portfolio for over 12 years and I strongly believe that I have been successful in enhancing my rate of return during certain market cycles. Although I do have significant retirement assets, I would likely not be considered an accredited investor. I have been investing, primarily through mutual funds, since the early 1970s. My portfolios