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There has never been a period in human history where more knowledge is readily available to the average person. In a time where in depth explanations of these products can be found within 30 seconds, not to mention detailed discussion boards, it's unreasonable to add more restrictions to retail investors.
You should be focusing on removing restrictions instead.
Leveraged and inverse
Please do not impose restrictions on leveraged and inverse funds.
Do not ban my rights to invest in leveraged ETFs.
The inverse funds are a key component of my investment strategy and help me to profit when markets are falling. Without this strategy I would not be able to easily manage losses and be at the mercy of the market. It is imperative that these funds be available for me to assure that my investments dont crash with the market as they are my only source of income in my retirement. I use them sparingly
Whatch What You Decide About My Rights To Make Investments For My Future, Wealth, & Prosperity; Likewise I'll Take Care For My Decisions About Yours, & Don't Become Heavy Handed With What Is Mine, & I Will Not Become Heavy Handed With Yours !!!
I have invested for more than 10 years, and I understand the risk associated with the leveraged and inverse funds. I would like to have the ability to buy leveraged and inverse funds. I do not want any special process imposed on me. I am using these funds as part of my investment strategies.
Thank you for the proposed FINRA rule #22-08. It came to my attention when I saw an advertisement encouraging opposition to the bill from an obviously biased and hidden source (https://www.leteveryoneinvest.com). After brief research it seems to me to be a very valuable rule to keep small investors from gambling away their life's savings, and keep predatory firms from being able to trick
I use them to hedge my portfolios with tremendous advantage.
It is imperative that everyone be able to invest and make their own decisions. I totally disagree with this proposed rule and everyone I know that invest in their future feels the same way and will never go along with this !