Dear FINRA,
Regarding the restriction of funds I can invest in, particularly leveraged and inverse funds, I believe I should be able to decide what I invest in and where my money goes not FINRA. These funds are not complicated to understand and should be available to everyone, not just those with lots of money. I use these as PART of my investment portfolio to help me hedge other investments
This spring I have been buying Puts on the TLT which is a triple leveraged product on the 20 year treasuries. I have also been buying out right the TBT which is the triple leveraged inverse of the 20 year treasuries. After watching my balances rise I started tracking the increase in my stock portfolio. On 4/9/2022 my balance was $57,497.57 on 4/15/2022 it was $59,457.61 on 4/22/2022 it was $59
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EXECUTIVE SUMMARY
On November 20, 1992, the NASD® submitted to the Securities and Exchange Commission (SEC) a letter responding to the SEC's request for comments on today's market structure and regulatory environment
I think this regulation is both unfair and unnecessary. It is unfair because it implies a change in the rules of the game. Investors who have been implementing strategies using leveraged products will be unable to fully execute their strategies. This is my case, and Im a long term investor.
On the other hand, I think the regulation is unnecessary because investors should know and understand the
Leverage ETF provides mechanism for individual investor like me who has access to limited capital but still can make significant more money.
Investor are very much aware of that these are riskier Bets so are options, equity market as well where NVDA, AMD, FB, NFLX, RIVN, SQ, SHOP, SOFI stocks can loose 50% to 80% value within a span of 12 months. It is up to individual investor's wisdom
Its should not be up to scrupulous Washington Bureaucrats to decide what I can and cant invest in. It should be up to to those who purchase and sell public securities. I have done research into every security that I have purchase and have kept prospectuses of each one. I have also read literature regarding investing.
This feels like a way for government to pick and choose which stocks are
I oppose the restrictions on the public to invest in leveraged and inverse funds. I believe every type of investment was created to meet some need of the public, and they should be made available to everyone. Losing free access to financial tools such as leveraged and inverse funds will shut more doors to the poor and make the rich richer. As long as people are able to get disclosures about the
Inverse funds serve an essential purpose as a hedge against severe market downturns. During the 2008-2009 crisis I lamented the fact that absolutely NOTHING in my investment portfolio increased in value. I urgently sought funds from other sources so as to be able to scoop up bargain stocks in which to invest at rock-bottom prices. After this debacle, I decided that it would be prudent to invest a
To FINRA proposed regulation 22-08: sirs, I am an individual investor and have managed my own investments since I was 18. I am now 69 and invest in stocks, bonds, REITS, Options, and direct investments. I invest in opportunities that are publicly available and make my own evaluations. Restricting these investments by regulating hoops for me to jump through does not protect me, it just discourages
Of particular interest is the section on Synthetic Short Positions. It seems that approved participants can use synthetics to improve market liquidity, but it also creates a problem of diluting the stock when the shorts fail to deliver. Would position reporting also help to track FTD's better and implement some regulation to have those failures sufficiently resolved before more synthetics
