With a paternalistic misguided view that you are protecting retail, you are in fact restricting risk management actions that can be taken by retail. And in the middle of a correction! Inverse ETFs are liquid and can be sized appropriately while selling covered calls cannot be. And institutions are allowed to trade options during hours retail is not, further impeding my risk management efforts.
If I am restricted on investing, I automatically lose interest in all securities and participation within the economy.
Leave our investments alone! We, know better than you, what is in best interest of our own family! AN I do not need your tests, before I can buy public securities! AN I do not need any of these measures imposed on me! Or anyone, else either! I know the riskes.. I am not a TOTAL IDIOT, LIKE SOME PEOPLE!! AN I DO NOT NEED ANYTHING IMPOSED ON ME, IT IS LAND OF FREE HOME OF THE BRAVE, FREE SPEECH, WE
I have been trading 3x leveraged funds for 12 years, namely TQQQ but many others including UDOW which I consider a very safe investment long term.
I started my journey investing when my companies pension plan was paid out. I received 17,568 dollars that I rolled into an IRA. I have grown that initial investment into hundreds of thousands of dollars for my family and myself for retirement. I
There is absolutely no reason to impose any regulations on leveraged/inverse funds. Investing by nature is risky whether its leveraged or not. The overwhelming majority of people know this. We dont need your nanny state nonsense taking care of us. Let people learn the greatest investment lessons of all by being responsible for the decisions they make.
I should be able to make my own decision in what I invest in. I understand the risk and only invest a portion of my money in risky investments. I do not need the government's protection. You end up stifling freedom. This country was founded on people being able to take risks and get the rewards or failure from the results.
This is a grossly unfair proposal. All investors should be given the same opportunities to invest. The regulator has now right to give the rich and Wall Street crowd special investment opportunities that middle class investors dont have. Such rules contribute to more economic inequality.
Why is FINRA even a thing? They should be abolished. Another bootlicking "authority" captured by the investment banks doing whatever they can to restrict the public's access to financial products. [REDACTED]
More taxes, less wealth. Leave my crypto currency alone!!!
