Equal access to products and services is central to a capitalist economy. Blocking investment vehicles to those on the inside furthers the perception that our financial system is rigged. Blocking a restriction access to these products will only encourage movement of funds offshore and possibly hiding them from regulators. For the sake of the industry and our nation, work to reduce regulations,
The Financial Industry Regulatory Authority's mission is to: protect investors and safeguard market integrity By making leveraged products harder to access for lower net worth individuals the only investors that you are protecting are high net worth individuals who can afford to pay high advisor fees to continue to access leverage products without any effort
Its really not your right to block or restrict investors the right to choose what they invest in. If someone wants to leverage 3x 4x or 100x its their right and their risk. If they win big they win. If they lose it all its their own fault. Children need their hands held. Adults playing in the financial world need to take responsibility for their own actions.
I believe everyone should have the same privilege to choose their investment. There shouldn't be a special test for the public investors to gain right to invest in such investment like leveraged and inverse funds. I believe in the US economy and long term leveraged bet on US economy is the only way to gain the financial freedom. Please don't take this away from me.
My family's long-term investment plan includes leveraged ETFs. Our financial decisions have been made under the assumption leveraged ETFs would be available in the future. The SEC has already approved these funds. We don't need FINRA to hold our hands. Please don't assume you're smarter than we are.
I would prefer to have the freedom and flexibility to make the financial decisions that are best for me and my family. That means being able to determine for myself whether an investment vehicle is too complex. This is not something I trust FINRA to regulate better than I can regulate for myself. The proposed intervention is unwelcome, unwise and oversteps the authority that FINRA should wield.
To may it whom concern,
I believe its unfair to regulate leveraged investments in te middle of a financial "crisis". The stock is deeply down, so it could be a measure that affects an important amount of people and their welth. I, Rafael Sanabria, invested on these ETFs knowing the risk that they imply in my portfolio. Please let us trade by ourselves.
Thank you for listening
I oppose the proposed new FINRA regulations that would restrict investment in leveraged and inverse funds. They are an important part of many investors portfolios, with good reason, as they can help maintain financial stability (as in recent months). Also the definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities.
The United States if a free country. All regulatory agencies have a responsibility to protect our freedoms, not restrict them. All financial regulators have a responsibility to ensure investors are adequately informed, but they have no right to restrict our freedom to invest freely as we choose. By limiting access to investments, you limit innovation and also subject retail investors to the
I strongly object to proposed restrictions on my personal investment options for our family's retirement income strategy, including buying leveraged and inverse funds. I'm quite pleased with and confident in my relationship with my financial advisor in this regard, and am very much opposed to the addition of new gates and hurdles in the process, no matter how well intended.
