Dear Sir/Madam:
I am adamantly opposed to the restrictions proposed with regard to leveraged and inverse funds. I have owned one for years, and am totally aware of the risks involved. It has also been one of my best investments.
I am extremely concerned that these measures will hamper liquidity of the investment I already have, as well as restrict the ability of buying similar products in the
I should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.
I shouldn't have to go through any special process
like passing a test before I can invest in public securities,
like leveraged and inverse funds. Explain that I am
capable of understanding
Leveraged and inverse funds are important to my investment strategies, and I do not want to see a requirement added to prove high net-worth or series 6 exam or similar as that is too large a hurdle for most people to overcome. I would support basic knowledge quizzes before allowing access to these types of funds, similar to the approach the EU has taken. But these quizzes should be easily
As an individual investor, I take time to learn and understand what I am investing in. It should not be limited by regulators. Do not shut us out of leveraged and inverse funds.
Leveraged and inverse funds are important to my
investment strategies. They are far less risky than shorting individual stocks and are an important tool in my investment toolbox..
Comments: Please do no limit access to leveraged funds. I use them extensively, and they are excellent trading products. For those that are not familiar with them, there are excellent precautions in place by brokerages, including the requirement to read and sign information about the risks, as well as a risk statement with every trade.
Regulations on financial products have already stifled innovation in the financial space and this is why the whole digital asset realm was born. the governments of the world have been tightening the grip on the citizens more and more and it needs to stop.
Public investments need to be made available to all EQUALLY, while you assume you are helping you are in-fact working to create classes of
It has come to my attention that FINRA regulators may be implementing restrictions on my ability to invest in public investments. I believe I am able to choose the public investments that are right for me. Please do not impose any undo restrictions on me. I will consult appropriate financial advisor if I determine that I need assistance with leveraged and inverse funds in my portfolio.
Please don't place restrictions on personal accounts. These instruments are helping me counteract the [REDACTED] performance of the current market.