I am a dentist and experienced trader. I beleive firmly in my autonomy and select complex investments with their inherent risks. These leveraged funds are an essential compoonent of my well managed portfolio and my ability to meet my long term goals will be hobbled by regulations such as the ones proposed.
Please avoid regulating these asset classes in the manner proposed.
I have a constitutional right to invest my assets as I see fit as long as I am not mentally incapacitated as declared by a court of law. Has FINRA ever heard of the Bill Of Rights??
Let it be known that we will legally challenge any rule that violates these rights and enjoy the dollar damages assesed by a court of law when we prevail!!
FINRA’s trade reporting facility for fixed income celebrated its tenth year of existence in July 2012. During this 10-year span, an average of 500 dealers reported at least one transaction per day, and par value traded increased from a low of $19 billion a day in 2005 to over $23 billion today, surpassing the $21 billion per day seen at the onset in 2002 and 2003.
To whom it may concern:
I was very concerned to hear of the proposed regulatory changes for leveraged and inverse funds.
While I support the surface notion of FINRA protecting retail investors, I do not believe restricting access to these "complex investments" is in any way an appropriate step.
Education is a worthwhile goal, but mandating licensing or other knowledge tests
Please reconsider further restrictions to investing in leveraged/inverse funds as they have been invaluable in hedging against losses during these volatile times, something that can't be done with standard index funds. Putting up barriers to these assets when needed can lead to further losses to those who need them most. Thank you for your consideration.
Please let us continue to utitlize inverse etf's, these are essential to protecting my retirement nest egg as we go through periods of volatility in the market. I use them to hedge my positions in stocks without having to sell any stocks and incur long term gains or excessive trading of those assets in ira accounts.
This is poorly conceived. I should be the sole determiner of what I invest my funds in. There is NO LEGITIMATE REASON to regulate my ability to invest in whatever legal assets I choose. I do not need to pass a test, get 3rd party approval or regulatory approval to decide what to invest my own funds in.
Hands off my investment decisions!!!
I dont need regulators like FINRA telling me Im not smart enough or privileged enough to choose my own public investments. Neither should I be forced to jump through Jim Crow like hoops to invest my assets as I see fit. Heres a thought provide educational opportunities - not restrictive mandates - for investor success.
Background
An important part of FINRA's work involves providing investors the information and tools they require to make informed decisions about their assets and avoid dealings with bad actors. Several respondents to the Special Notice on Engagement issued in March 2017 provided a range of recommendations related to FINRA's efforts in the area of investor education—including the types
As a small independent retail investor I find leveraged and inverse funds a valuable tool in hedging my investments. They enable me to ride out ups and downs of the market without having to sell, short, and/or rebuy securities in turbulent times. Such funds are an invaluable asset, and access to them should not be denied, or limited to high net worth, professionals.
