Comments: I invest for the long term. The leveraged products I invest in are very volatile, but they have shown themselves to be super performers for over a ten year span. I can easily withstand the volatility. Please do not limit my access to these types of funds.
Comments:IF it ins't broke don't fix it. I am 77 and invest solely in inverse leveraged ETFS. What are the alternatives? Puts where I can lose all my money in a matter of hours or a short sale where I face unlimited losses?If I can't invest in inverse leveraged ETFS, then no one should and you can just make them extinct. My guess is Wall Street has a poor record of recommendations
The Cyber and Analytics Unit (CAU) within FINRA’s National Cause and Financial Crimes Detection (NCFC) program would like to highlight an alert issued by the Cybersecurity & Infrastructure Security Agency (CISA) on April 20, 2022.
Individual investors do NOT need additional protections on complex products. Brokers offer sufficient warnings on these products. Additionally, FINRA and the SEC provide educational resources for individual investors regarding complex products. It is the responsibility of individual investors to educate themselves and manage risk appropriately. FINRA can't protect an individual investor who
I have been investing since 1969. During that time, I have made many mistakes, some quite costly, but from each of them, I’ve learned something. I’ve never learned anything by being right. If regulation such as you are now proposing had been in effect then, I would have been prohibited from making the choices that taught me to be a better investor. People are not protected by this kind of
FINRA Board, This is a major regulatory overreach. I would hope that this rule regarding individual investors' access to "complex" investments was proposed with the best of intentions - to protect investors from tking on unnecessary risk. But it is not up to you to determine the level of risk that an individual investor is willing to take on - it is up to the investor, and the
I firmly object to the measures being proposed in this rule, particularly any steps to restrict what products I am able to procure through my brokers as a private (retail) investor. My concern especially applies to the purchase of leveraged ETFs. As a private investor or trader, the onus has been and always will be on me to acquire the necessary knowledge, experience, and trading acumen to be
