Im a financial professional who understands the risks involved. People with no background in investments should go through a course to understand these risks with an inverse and leveraged fund. People with securities licenses have taken enough tests.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rules 4111 and 9561 to make non-substantive and technical amendments.
SUGGESTED ROUTING:*
Senior ManagementLegal & ComplianceOperations*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
On April 17, 1991, the Department of Treasury issued 56 FR 15529-15532 containing proposed amendments to 17 CFR Part 403 ("Protection of Customer Securities and Balances"). The proposal would implement a buy-
FINRA Announces Nomination Process to Fill Upcoming Vacancies on the National Adjudicatory Council
I believe in free markets without much government interference so I oppose any restrictions on my right to invest in public investments. Investment decisions should be figured out between my financial advisor and myself.
I oppose this proposed rule change. It restricts the freedom of retail investors to advance their finances while allowing high net worth individuals to take advantage of more leverage. Everyone should have the same financial tools available.
I have used leveraged ETF's and their associated options for nearly 15 years to improve the life of myself and my family. Please do not limit my use of these products to achieve financial goals - my family is depending on them.
I oppose any restrictions that will block my right to invest in public investments. I believe I am capable of making financial decisions that are right for me. If I feel I need additional advice to support my decisions, I will not hesitate to seek that advice.
I oppose this as I believe I alone should be able to choose the public investment that is right for my myself and my family. I understand leverage and inverse funds and the risks associated because I am capable of making my own financial choices.
I dont even understand the logic in this proposed limitation. I often use inverse funds to hedge (protect my investment savings. Do not take away this financial tool to protect me in volatile times. I feel strongly about this.
