Asset classes of any kind should not be restricted to average investors, giving the wealthy advantages and regular people a disadvantage.
Regulators should not tell the public what they can and cannot invest in for any public investment.
Leveraged & inverse funds are critical components in my personal investment strategies. I use many of them in my retirement and non-retirement
Cryptocurrencies do not need regulation, as they are already transparently self regulated by the code that powers each blockchain. This code is publicly visible and transparent for all. They are also secure through cryptography, stronger than that which masks transactions and account information at traditional banks and brokerages. Furthermore, Bitcoin is the single best performing asset of the
This proposed regulation does nothing but harm. The sentiment to protect unknowledgeable retail investors is not lost, but it is the right of these people (myself included) to invest in these strategies just as much as someone with more money and knowledge. This prevents middle-class and lower class investors that desire to elevate their investing portfolios and abilities from doing so, there is
I'm an ordinary person and I routinely use leveraged and and inverse ETFs to take advantage of special situations at a minimum of risk.
TQQQ, for example, allowed me to gain exposure to the tech market during the COVID-19 bust with only a small fraction of the capital commitment that it would have otherwise taken. TBT enabled me to hedge against interest rate rises without having to
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As of September 16, 1988, the following 15 issues joined the NASDAQ National
These investments are liquid and easy to understand. There is no reason to regulate them.
Retried CIO JPMorgan Chase, retired CIO DLJ Asset Mgt.
Dont agree any tests of this kind for experienced trader of similar nature. Suggest to set limits as a percentage of total investable asset.
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FINRA has identified instances in which firms that carry customers’ alternative investment assets held in IRAs failed to apply the requirements of financial and operational rules applicable to those assets.20
Sec. 11.5 (a) The Board may make such rules and regulations as it may deem expedient, not inconsistent with law, the Restated Certificate of Incorporation, or these By-Laws, concerning the issuance, transfer, and registration of shares of capital stock of FINRA Regulation. The Board may appoint, or authorize any principal officer to appoint, one or more transfer agents or one or more
PLEASE DO NOT RESTRICT MY RIGHT TO INVEST
INVERSE FUNDS ARE ONE OF THE FEW WAYS TO PROTECT MY ASSETS DURING MKT DOWNTURNS
