Dear SEC, I use leverage funds as a hedge for my total portfolio. I understand the risks involved with these funds. I do not need any more regulations enforced on me what I can do . As an American citizen, I believe the constitution offers me the opportunity to choose how I invest the money that I earned.
Inverse funds allow retail traders / investors a simple method to hedge portfolios against market declines as opposed to complex option strategies or costly and high risk futures positions. Leveraged funds provide a similar opportunity to participate is market trends without the complex and time constrained options or futures programs.
Just because I am not a high-net-worth individual does not mean I am incapable of understanding leverage ETFs and their risks. Please do not restrict my ability to invest. Leveraged and inverse funds are a part of my overall investment strategy and I want to continue to have the freedom to use these investment products when I feel they are appropriate.
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Executive Summary
In December 1997, NASD Regulation, Inc. (NASD RegulationSM) sent a compliance survey (Special Notice to Members 97-96) to find out the status of member firms' Year 2000 efforts. Member firms have the responsibility to determine the readiness of their internal
Individual investors have the right to freely decide for themselves what securities they want to invest in and what their risk tolerance is to achieve their long term financial goals, without arbitrary restrictions by FINRA. ANY LEGISLATION TO IMPOSE LIMITATIONS OR RESTRICTIONS ON INDIVIDUAL INVESTORS RIGHTS TO FREELY CHOOSE THEIR INVESTMENTS WILL BE MEET WITH FEIRCE OPPOSITION
FINRA,
This new rule seems to badly discriminate against small personal investors. Why are you chasing me out of my current positions in leveraged ETFs? It is a bad plan to make the market for leveraged funds an oligopoly because it comes with the exclusion of disciplined personal investors who are capable of accepting risk.
Adults should be able to make their own decisions for trading. Leveraged funds have been a part of my trading for years and helps with enhanced returns and growth of my accounts. I understand the risks and the rewards. I am against regulators changing my ability to trade what I want to trade and when I want to trade.
Stop trying to put so many hurdles in the way of my investing. It's fine to require a disclosure on the part of the broker and an acknowledgment of risk on my part as an investor, but any more than that is just harassment. I'm going to pass all the qualifications you are proposing. I don't need them "protecting" me.
I have been purchasing leveraged securities for years. I use them as hedges. I realize they are complex investment vehicles. I understand the risk, and have lost money, but I have also made money. These are never primary investments, but regardless, not the governments place from allowing me to invest in what I choose and protect my investments.
I've been trading TQQQ, a leveraged ETF for years. This fund is very important to me and my family. I fully understand the risks and potentials in trading leverage funds. As an individual investor, I should be able to choose my own investment strategy and don't need any special measurements imposed. Thank you!