I wish to object to the actions that FINRA is in the process of adopting. I have been trading this type of vehicle for the last 15 years or more and have found no reason that your requirements are meaningful. I request that you make no changes to the current trading rules!
FINRA regulators: Please do not add additional regulation to leveraged and inverse funds as proposed in rule #S7-24-15: Why? 1. These are ALREADY public products APPROVED by the SEC and INCLUDE clear risk warnings. Why impose higher hurdles that would PRECLUDE my ability to use these products. I am specifically concerned about the condition to demonstrate high net worth as I am a small investor.
I oppose any need for extra education to trade securities. Ive done well and the risk I take is well acknowledged.
Finra, thanks for giving us a way to input our thoughts on 22-08. Leveraged etfs offer the retail investor opportunities to take positions, both long and short, that in the past were only available to large asset managers. While warning labels are justified, we should be able to make up our own decisions on when and if to use leverage and or inverse etfs. Taking a monetary loss on a losing trade
For the past three years I have used these funds to build wealth and an income stream for my family. I paid my dues by trading in the markets since 2006. Kindly allow people to make their own decisions. I do not mind if the government purchases as time to educate the public on the government's point of view. However, legislating rarely works.
Dear Regulators, I've been investing for over 20 years. I've used inverse funds in my IRAs when the market was pulling back because I'm not allowed to sell short in those accounts. I've used leveraged funds to increase the opportunity to make good profits at times. To limit me from doing either of these two investment vehicles hampers my ability to compete fairly. That's
Our right to freely invest should not be violated to support a free market. I am against this and do not want regulators to choose investments for myself or my family.
Quite simply put - my money, my choice. Keep your hands off of my personal investment strategy - I understand the risks and don't need a babysitter.
I oppose the new restrictions on my right to invest on leveraged and inverse funds.
