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I appose this regulation. Each person should be able to chose what he or she can invest in - not the government.
It is simply un-American and wrong to restrict access to certain investment vehicles simply because FINRA has generalized that the average retail investor is incapable of comprehending the products in which they invest in. From someone who has been studying leveraged funds for years now, please do not do this. One could argue that investing in small biotech stocks or "Bottom Fishing"
Everyone should have the same opportunity to invest and better themselves. It should not be controlled by a few. The market used to closed for a long time to the average investor and when it opened it made things more transparent. I think this is what is happening here. They are trying to close the market to the individual retail investor and make it exclusive again. This might be a result of the
Find something else to screw up. Leave investment regulations as they are.
Stay out of our finances
Stay out of our citizens personal business. We don't need the government telling us what to do with our needs and wants.
I am an individual investor who selectively invest some part of my savings in leveraged and inverse funds. While, I support reading certain materials and attesting to it, I don't support "cooling off periods" during which I can't invest.
Found that these Proshares help offset, somewhat, the volatility of the current market and keep me investing. Otherwise may start looking elsewhere for some value and not as much in the stock market.
Comments: I strongly oppose any restrictions to leverage products besides perhaps ensuring that the etf providers be transparent in their methodology and that the product does deliver what it promises to do, e.g. Triple return of Nasdaq 100 in the case of Proshare Tqqq. Given that it meets these basic requirements, it should be obvious that self directed investors, like myself, can easily
Please don't take away our rights to trade stock in any way