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.
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.
The government has no right to interfere in anyway with personal financial investments. This goes against everything American. Is this still a free and capitalistic country or are we converting to socialism? Please protect my rights as a citizen and taxpayer. Thank you.
Have been in the markets for 50 years and thankfully with Direxion ETFS since inception--
find them easy to understand and use and have total confidence in the concept--has been very
good financially for our family -thank you
The correct mechanism for correcting these issues is through risk disclosure, which is already done.
I am well aware of the risks and do not want additional obstacles in investing, with the end result of limiting access of financial products to the most privileged.
Regarding your published intent to consider regulating investments in leveraged investments. I oppose any all actions you may consider that would restrict my ability to choose which financial products I may choose as investment tools.
Individual Investors should have access to all financial instruments available to institutional investors. The high risk of inverse funds is made clear enough in the research. Individual investors in self-managed accounts would be at an even greater disadvantage without this.
People take on risk whenever they put money into financial instruments. It is the buyers responsibility to be aware of the risks, even for leveraged and inverse instruments. The risk of these instruments is not so much greater than ordinary instruments that special regulatory framework is needed.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the expiration date of the temporary amendments set forth in SR-FINRA-2020-015 and SR-FINRA-2020-027 from July 31, 2022 to October 31, 2022.
