The ability to use leveraged ETF’s allows me to hedge my downside risk without having to open an options account. The decay on these products against the ability to gain access to leverage is relatively balanced. Don’t pull retails ability to hedge downside risk on the cheap; particularly with the Fed raising interest rates until something breaks to try to create some level of demand destruction
I, as the investor, should be able to choose what investments I want to commit my capital to. As an investor, I should have all available information about an investment to make a prudent decision based on my goals and risk tolerance. Putting restrictions on investments deemed high risk is only favoring those that are approved to trade them. I request that FINRA focuses on ensuring that proper
I have been trading leveraged and inverse funds for some time now and should remain to be allowed to do so without further qualification. I am aware of the risk involved and, as a responsible investor, should not be subject to special tests or requirements to trade in these vehicles other than being aware of the risks involved. I do not think my access should be limited from any particular
We do not need further regulations on funds which can be invested by normal people. Further limiting parties who can invest in these funds removes opportunities for investment equality as well as potential economic growth. Any stock market investment should be considered for risk. There is already significant notifications as to the additional risks involved in a leveraged fund. Please do not
Comments:
I have been investing in the stock market for almost 39 years including 29 years working as a financial advisor.
I have traded leveraged and inverse ETFs
in my own account and understand the risks of same. Fidelity has provided ample warnings of the risks associated with these
Instruments. I would be supportive of FINRA efforts to protect investors for whom these ETFs would be
I oppose restrictions to my right to invest. I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. I am capable of understanding leveraged and inverse funds and their risks. I shouldn't have to go through any special process like passing a test before I
SEC Approves Consolidated FINRA Rules Governing Know-Your-Customer and Suitability Obligations
WASHINGTON – The Financial Industry Regulatory Authority (FINRA) has announced the appointment of Nathaniel Stankard as Senior Advisor to the CEO, effective immediately. In his new position, Stankard will provide counsel and strategic advice to President and CEO Robert W. Cook and FINRA’s senior management, and will assist with special projects.
“Nathaniel brings broad experience working on
I wish to express my opposition to FINRA's proposed regulations from purchasing securities designated as complex products such as those on cryptocurrency. I do not own any cryptocurrency but I do own leveraged stocks and ETF's and other securities which may be classified as complex products. As a knowledgeable investor, I am qualified to assess the risk of securities I
I use leveraged funds, specifically TQQQ, as part of my balanced investment strategy. I understand it’s high risk and highly volatile investment. I use this fund along with a group of investors with the Kelley Letter, founded by Jason Kelly. I am in favor of people signing disclosures stating they understand the risk, volatility and how leveraged works. I’m not in favor of people needing to