Leveraged and inverse funds are important to my investment strategies. At Bull market, as a limited part of your overall portfolio, I can use leveraged etf, and trailing stop loss, to have both enhanced returns and limited loss. I am capable of understanding leveraged and inverse funds and their risks. Don't need these extra measures or restrictions imposed on me.
The prospectus for proshare leveraged products adequately describe the risks involved. They are no more risky than many other product readily available to the public. FINRA should focus on such scams as Bitcoin and other digital currencies (also known as magic beans) that have zero intrinsic value and are openly marketed to the public through television.
I'm willing to accept the risk of investing in leveraged ETF funds. You have no right to take that privilege away from me.
Just another case of the fat cats wanting all the money for themselves so let's screw the little guy.
Public investments should be available to all of the public, not just the privileged.
I shouldn't have to go through any special process- like passing a test- before you can invest in public securities,
like leveraged and inverse funds. I am fully capable of understanding leveraged and inverse funds and their risks. Ultimately I am the one responsible for the handling of my money, and these measures should not be imposed.
I oppose restrictions and barriers of entry to investments such as leveraged and inverse funds. I utilize leveraged funds in particular as a part of broader strategy both as a hedge and to enhance returns. Investors such as myself are capable of understanding and weighing the risks and potential rewards. Unnecessary restrictions do not help us and are a waste of time and effort for investors,
Hello,
All investing has risk involved for the better or for the worst.
I must have the ability to choose what investment vehicle is correct for my situation without regulation. I do not have a pension and leveraged or unleveraged funds/ETF/Stocks can help me to become self sustaining in my later years. Please leave it alone.
Heyman to succeed Jack Brennan effective July 18
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) Board of Governors has unanimously elected as FINRA Chairman William H. Heyman, Vice Chairman and Chief Investment Officer of The Travelers Companies, Inc., effective July 18. Heyman earlier served as a member of the FINRA Board from January 2004 through September 2016.
Heyman
I have a right to invest freely in what I deem to be an acceptable risk for myself and family. Inverse and leveraged funds help me prospect and hedge against unanticipated moves in the market. By forcing people to jump through hoops by passing certain tests etc. it just creates more headache and slows down the efficiency of markets.
Prior to retirement I was in the securities industry for over 40 years, a substantial period was spent as a partner of a major securities firm as VP in charge of derivatives. I dealt with people and firms with an interest and need to hedge their risk - my own portfolio is hedged appropriately with the instruments you mention. The proposals that you consider are needless and counter productive.
Please stop adding more government regulation burdens. The cost to investors greatly exceeds any benefit. I am an investor. Assessing risk is what I do. I don't need or want any help from the government.
More government, higher cost of government, higher taxes is just the opposite of what investors need.