I opposed to these regulations , it would only downward spiral the economy ,plus the employment rate would would be too high.
It's my right to invest you have no right to take my funds or my property
Attn: FINRA - I oppose any limitations on my ability to invest in 'complex products'. Stop trying to be my parent. Every time the government sticks its nose into the free market it creates distortions with unintended consequences with results that are worse than anything you were trying to 'fix'. Today's inflation and supply chain disruptions are
Myself and not regulators should be able to choose the public investments that I choose to invest in. Public investments should be available to all who wish to use them as an investment tool.and not whom regulators choose are able to use them.
Please do not restrict my ability to use leverage/inverse stocks. These stocks allow me to leverage my positions without incurring debt and without direct involvement in derivatives. They allow me to take short positions without making short sales. They allow me to make trades not possible using mutual funds. They allow me to trade NDX and SPX more efficiently than possible for me using at- and
Why Finra always consider leverage and inverse product are the most dangerous? What about growth stocks that swings more than leverage? Like Lucid, Sofi, AMC, GME etc stocks that are up and down huge percent a day are not dangerous? How can you regulate and educate people? Stock market by itself is very risky and the valuation can be changed at any time no matter how much you know about the
I've invested for my own account over 50 years, and served as a NASD/FINRA arbitrator over 20 years. I dealt with options, high-yield funds, leveraged ETFs, and many other products. My concerns are disclosures and suitability.
Complex products require complex rules and complex disclosures. Disclosures must have a separate summary of risks in plain language, in addition to the legal
I have seen warning provided by the broker website on each buy trade. In addition I had to go through a risk signup document to confirm that I understand the risk.
Above steps are good way to provide disclosure on every trade.
However if the changes are being planned to make an investor go through certain tests then I think that is excessive, and would not appreciate putting such restrictions.
I use leveraged ETFs everyday and am well aware of the risks involved. Pulling retail access from them cripples the idea of a free market. Removing them does not make the market any less risky for retail investors, there are plenty of retail investors who have lost it all on worthless meme stocks such as $GME. This proposal makes no sense once its thought out and reduces 0 risk.
Comments: As a retail investor that wants to take advantage of leverage without the use of options these instruments work to add exposure for a long or as a hedge on sector/market downturns.
I would say that most retail need to understand how they work in reality (rebalancing every day) and the risks associated during times of high volatility. In that case it's the same issues as having
