Please keep your rules out of my investment strategy. I invest for myself and the well being of my family and leveraged funds are a significant part of my strategy. It is inappropriate to exclude the general public from investment vehicles that are available to the elite. It is also quite possible for anyone with more than an 8th grade education to understand risk and leverage.
It is our rights to buy or sell all the public traded funds. Every stock or fund traded publicly has its risks and we understand it well. We as small investors shouldn't be discriminated by this restrictions. We need the freedom to decide which stocks or funds we want to buy as they are very important tools to achieve our long-term financial goals.
Dear FINRA,
Once again, another example of an overreaching government agency trying to do whatever they can to stifle free markets. Hedging is something that has been done since markets began to mitigate risk. If FINRA really wanted to do something worthwhile, they could start looking into the derivative mess before we have another '08/09 mess.
Leveraged and inverse ETFs and funds are not fundamentally different than other investment choices, all of which carry risk.
For many of us these ETFs form an important part of our overall investing strategy. We, not the regulators, should have the freedom and attendent responsibility to select and use these instruments. There should be no need to pass a test or have other restrictions imposed.
Banning these trades would make no sense. What is the difference between this and micro stocks? Or putting all of your portfolio into a weekly option. Any stock can go to zero. Everything has risk and reward. And the timing behind this when they are in a downdraw like thr entire market is ludicrous. If you ban this you need to ban all stock trading.
Today I'm giving my first speech as FINRA's Chairman and CEO—and I can't think of a better audience for the occasion, although all of us wish the economic circumstances of the occasion were quite different. The fact that you are here speaks volumes about your commitment to build the most effective control environment possible at your firms.
I should be able to choose the public investments that are right for me. Public investments should be available to the public. I shouldn't have to go through any special process to be able to invest in these securities. Leveraged and inverse funds are important to my investment strategy and allow me to trade broader sectors with less exposure and capital investment. I understand the
I should be able to choose the public investments that are right for me. 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 capable of understanding leveraged and inverse funds and their risks.
I understand that investing in leveraged funds has it risks but how to invest my money is my choice. I appreciate just and transparent regulations but limiting peoples freedom of investing is not one of them. Perhaps you should have regulations so that the ones who manipulated the market for their own profit but sent our economy into crisis, such as the one in 2008, will go to jail.
The proposed limitations on certain purchasers of leveraged and inverse funds appears arbitrarily selected with no rational justification as to how it is meant to protect anyone. It appears the "protection" factor is nothing but a ruse to give an unfair advantage to professional and institutional investors - by given them privileged access to investing options not available to