We, retail investors, should have the freedom to choose the right public investment tools. Some people's losses should not limit other people's usage, and our ordinary investors should not be punished accordingly. Also, we understand the leveraged and inverse funds and their risks. There are lots of publicly available materials online and disclosures. After all, if one invests
The regulation being considered is yet another instance of lawmakers infantilizing citizens. This is wholly unacceptable and a clear violation of our right to choose public investments that are right for me and my family. Your incursion into this sphere is an affront to all. This isnt like driving, where being required to prove competence makes sense - because it impacts the public as a whole (
Dear FINRA,
My name is Jose Reyes, an investor in index ETFs and also in leveraged ETFs such as UPRO and TQQQ. I strongly believe that no one has my best interest in mind than myself. That's the reason why, although I have a retirement plan, I also decided to manage my own personal portfolio and for the most part I invest in index ETFs that track the S&P and the NASDAQ. Those
The investing public not regulators should be able to choose the investments that are right for me and my family.
Investments should be available to all of the public, not just the privileged. You shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and
The Direct Market Access Controls section of the 2019 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
Regulating those kind of investment is no free market. We should be able to invest in what we want, this is our money we are talking about. I use a strategy called Hedgefundie strategy, which consist of 55% UPRO/45% TMF, and I need to rebalance quarterly to keep that ratio. My entire TFSA is in that strategy and if we can't buy any of them anymore, I will have to sell at a loss right now in
As an investor I oppose restrictions on usage of publicly traded leveraged and inverse ETFs. I use them in limited quantities when I see an opportunity to boost my returns in the short term. I do understand the heightened risks these instruments carry, and I take full responsibility for possible losses that I may incur when using these types of ETFs. Leveraged and inverse ETFs are important tools
Though reasonably well intended, new regulations that make it more difficult for retail investors to access sophisticated investing tools are the opposite of what free market investing should look like. In a time where equal access is of upmost importance, these proposed rules further the perception of inequality that is already a dark cloud in the mind of many Americans who avoid investing for
Dear sir or Madam, Although I appreciate the concerns for the well being of the citizens. I find more regulation on any investor infringing and destructive. I personally have a Ph.D. in mathematics. I spend great deal of of time assessing risks, creating models to make sure I am making the right decisions. Using leveraged funds is vial in leveraging, since you use a little bit of money to "
Join FINRA staff and industry panelists as they provide examples of effective controls and tools their firms have put into place to monitor and address cybersecurity risks.