I strongly oppose SEC Proposed Rule #S7-24-15, which is to unreasonably restrict my right and benefit to make the best of cryptocurrency ETFs as one of core segments of my ETF portofolio. With the recent growing liquidity for cryptocurrency, I cannot sense any peculiar risk characteristics in cryptocurrency ETFs, compared to more commodity ETFs or FX ETFs. Also, with the recent jump in inflation
Comments:I am an investment professional and I am an individual investor. I encourage full disclosure of the function, structure and behavior of leveraged and inverse products. However, I am strongly against the limiting of access and onerous processes that an investor would experience while investing their funds. I am an educated and fully understand the risks of these investments. I have been
I am 71 years old. I have been investing in stocks bonds and especially ETFs since I was 31. My experience is that leveraged ETFs an inverse leverage ETFS Have allowed me to safely invest for 40 years. Without these investment options I believe my long-term financial situation in retirement is at risk. I understand the risks of these investments and invest wisely. I dont need help from regulators
Remarks by Chairman and CEO Richard Ketchum at the FINRA Annual Conference
Dear FINRA regulators,
Though I don't work in the Finance industry, I work in Corporate Accounting, leveraged and inverse ETFs are part of my personal investment strategy. I do my own research, read as much of prospectuses as possible, and understand the risks I take before making trades. As a free American, I should be able to keep using leveraged and inverse ETFs like I always have
I'm outraged and terrified that FINRA would consider putting restrictions on leveraged and inverse investment vehicles. These are extremely valuable tools that I use to achieve the market exposure I want to have. Without these I would need to use other methods which would incur more costs, present more risk to me, and be less tax efficient. I've worked too hard in my career to
Comments: I believe that access to complex investment products should be accessible to all who want access to such things. Brokers may want to limit access or provide clear warnings of involved risks for such instruments, as some infact do already. Novice investors, or anyone who doesn't understand the risks involved would likely be deterred from risky investment decisions if access to risky
Just like I can take a risk on a stock going up, I should likewise be able to take a risk on it going down. Seems like you want to be able to control the market up by flooding us with artificial stimulus ( I consider this endless counterfeiting of our currency) and artificially low interest rates by further increasing our national debt to ridiculous levels but you don't want to suffer the
I strongly oppose any regulations which further limits my ability to invest in public securities such as leveraged and inverse funds. I fully understand how these work, and the associated risks. It is completely unnecessary to implement any special process, measures or approval to utilize these funds. These need to remain accessible to EVERYONE, not just "trained" brokers and other
As an individual investor, I understand investing is inherently risky and it is my responsibility to evaluate each asset allocation with this in mind. I use leveraged and inverse products to manage risk and hedge long-term positions. The ability to do so cheaply and efficiently is critical to my strategy. My fear as it pertains to this regulation is that it will increase costs and make it more