I don't agree with the upcoming decisions regarding leveraged ETFs. I know the risk and am willing to take that level of risk for the exposure. I should be allowed to make these investment choices without restriction.
This is a very restrictive measure and limits my ability as an experienced investor to invest as I see fit. I am aware risks involved and those risks have been made clear to me.
Hello,
As someone who has used leveraged ETFs quite successfully over many years I absolutely do not support any additional regulations or restrictions on individual investors using leverage, futures, options, or any other manner of "complex" instruments as part of a self-directed investment strategy.
I actively researched and educated myself on these financial instruments
Most leveraged funds SHOULD probably be restricted to certain qualified investors as they often have extraordinary risks that the casual or long-term investor may not be aware of. The risks need to be clearly explained.
The brokerage company I work with always provides information on risk with investing. As do drug companies with risk on heath. Leave the way I want to invest alone. Ones choice. Free country.
FINRA,
I am strongly opposed to regulations being considered to limit the ability of the public to invest in leveraged and inverse funds without such things as passing tests on investment knowledge, demonstrating high net worth, getting approval from a broker, attesting to reading certain materials, and going through "cooling off periods" during which one cannot invest.
There is nothing illegal about it, its just another trading vehicle. All currently permitted forms of trading involves some dimension of risk. It is upon the investor to understand the risks.
I use leveraged funds as part of my investment strategy. I know the risks. I have multiple advanced degrees in technical fields and can calculate the risk and expected value of my own decisions.
Dear FINRA Committee Members, Please do not impose trading restrictions on “Complex Products.” I am a retired public employee who has been investing for over 25 years, managing a ROTH account, 457 plan account, as well as a retail account. I sometimes use ETFs, including inverse and leveraged. They are an integral part of my investing toolbox. I am not a high net worth individual and desire to
Study Suggests Overconfidence in Financial Knowledge May Lead to Excessive Financial Risk Taking Among Older Investors
WASHINGTON, D.C. – America’s older investors, many facing diminished financial knowledge and overconfidence in their ability to make sound investment decisions, may engage in more risky financial behaviors as they continue to age, according to new research from the FINRA