I am your average retail investor, who uses leveraged products as part of my strategy. I understand the risks of these funds, and the inherent drawbacks.
Please do not artificially limit access to these funds so that they are only widely available to institutions and hedge funds, and inaccessible to the average american.
This rule is a bad rule because it takes away another freedom and choice for us.
I want to be able to choose my investments!
I shouldnt have to go through paperwork and regulations!
I know and understand the risks!
I ve been in the stock melt now for 2 years and I understand a lot about it!
I have invested in plenty of your so-called complex instruments with a small account and have yet to blow any of them up. Infact I regularly use them as a way to hedge and short markets instead of taking the risk of actually shorting and being open to a theoretical infinite loss.
Leveraged and inverse funds should be allowed as public investments, without the need for special training or high-net worth accreditation. I use them as a hedging strategy to reduce risk and exposure to market volatility. My investments would have increased chance of loss if these funds were not available.
To whom it may concern,
I do not support additional regulations in regards to investing in the Proshares Trust and other similar funds. Government overreach is becoming more of problem in the United States. Let investors do their own research and allow them to assume their own risks. Big Brother is not required.
Leveraged ETFs have given retail investors access to strategies once only accessible to ultra high net worth families and institutional investors, all at a very reasonable cost.
Investors should understand the risks they are taking, but this is no different from any other risky asset.
I believe it is very important for investors to be able to invest in products that move in the opposite direction of the market in times of bear markets. I want to have the freedom to invest where I choose to invest and I do realize it is at my own risk. Please do not take this freedom away from me.
Often with good intentions, restrictions like this do more harm than good. Adding layers of uncertainty, complexity and bureaucracy increases costs to all investors. As long as an explanation of an investment's methodology and risks are made before purchase, any one should be able to determine suitability for themselves.
I would lose everything and just about anything I have invested in for quite some time and I know others that would be devastated just based on the years they have on even my investments in leverage and inverse trading I here by petition against on this regulation the risk can be viewed as plenty of regulation
Demetrios (“J”) Koutros is Vice President of Member Supervision’s Operations, Procedures, and Standards group. Mr. Koutros has been integral to the operation and execution of the Risk Monitoring and Examinations regulatory programs since joining FINRA in 2005. In his current role, Mr. Koutros oversees the implementation of and adherence to procedures, controls and standards for Member Supervision