I can't agree that only privileged people can invest leverage and inverse funds. Those funds should be available to all people of investment. I know both positive and negative aspects of those funds and I am investing with my knowledge of risk. Don't restrict the investment chance.
I oppose this! It's my money, and I should be allowed to invest as I see fit. I have a degree in Finance from Georgetown, worked for EF Hutton, and fully understand leverage and inverse funds. These tools are essential for hedging risks in my portfolio.
Pls do not trample my rights.
These Investments were considered when they came out as just that .. INVESTMENTS . To take them away from traders like me and many others would be SCANDELOUS . Traders that purchase them know Full Well that there is just as much Risk in them as there is by purchasing a Stock like Boeing .
Dear Sir or Madam, In short, please allow continued use of leveraged products, as available with providers such as Proshares. The risks are adequately addressed in required prospectus and I believe they serve a worthy hedge option to public investors. I support their continued availability. Thank you. Best, James Liggett
The NASD Office of General Counsel Regulatory Policy and Oversight (OGC) publishes the Disciplinary Update to provide registered representatives with a summary sampling of recent disciplinary actions involving misconduct by registered representatives. The sample of disciplinary actions includes settled matters and decisions in litigated cases (National Adjudicatory Council (NAC) decisions and decisions of the Securities and Exchange Commission in NASD cases).
The Direxion L & I funds offer unique and easy access to important investing products and concepts. Please stay away from changing access to these concepts which make it easy for everyone to use small investments. Everyone understands the risks and should always have trouble-free access.
People should be left to invest how they feel would be best for their family and themselves. Just disclose the risks In the prospectus. Let's keep our investment platforms Open to the public and give everyone the same right and chance to build a retirement or invest and save money as the wealthy or the acredited.
Dear regulator,
I don't believe in putting restrictions on the ability to purchase leveraged investments instruments or asking investors to pre-qualify for these types of investments is fair to the average investors. We understand risk and the overall markets and in view of my investment objectives these investment products are necessary to my strategy.
As a retail investor, I do meticulous research on the financial health of companies I invest in, and do quite a bit of work to justify adopting a particular strategy or level of financial risk. Closing off inflows of retail investment dollars damages me, and my investments, regardless of the intent of the rule
I expect to have the freedom to invest my money in the public investments of my choice. I shouldn't need to go thru any special process or measures being suggested by FINRA. As a average investor I feel informed and aware enough on the risks of these investments as such and should not need to prove that to anyone.