FINRA Requests Comment on Proposed Amendments to NASD Rule 2340 to Address Values of Unlisted Direct Participation Programs and Real Estate Investment Trusts in Customer Account Statements
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Executive Summary
NASD is issuing this Notice to inform
I am a personal investor with decades of saving, trading and investing and would like LESS government regulation or limitations. I do not want, or need FINRA or SEC or other agency to limit my access to investment vehicles such as leveraged exchange traded funds. My investments into ETFs, stocks, bonds, futures, real-estate and other asset classes are my personal choice and decision. I am against
Comments: A leveraged ETF provides an investor to multiply capital short term without the use of margin. I agree it is not for every investor or everyday use. But removing the option limits participation which is wrong.
As an individual trying to save for retirement outside of my standard 401k, leveraged products allow me to form a more capital efficient portfolio. I believe more education is the answer, not removing tools.
I'm a regular investor of pro 3 leverage intex etfs i have invested 80% of my capital to etf funds. I believe buy limitation may cause some issues to my portfolio.
Furthering the divide between groups of citizens that are allowed to participate in capital markets and those who aren't will ultimately destroy the markets as it's slowly ripped apart. This is not the way to protect retail investors.
I understand the risk of leveraged ETF/products and use them carefully. They help me get bigger returns with less capital. I should be able to choose what I invest in without having to pass tests.
These funds are a very logical option for retail investors to balance risk and even capitalize on volatility in market cycles like March 2020 and in flight at present. These should not be restricted in terms of retail access.
I do not agree on restricting independent investors to invest in protective investment categories such as inverse ETF's and other inverse traded funds to allow the benefits of securing my capital during down markets.
