I have been engaged in the market for over 40 years. I utilize leveraged and inverse funds in a deliberative and judicious manner to balance my portfolio. I find it insulting that the proposed over-reaching regulations posted years after I have made my careful financial plans would severely penalize me in my retirement years.
Remarks by Chairman and CEO Richard Ketchum at the FINRA Annual Conference
I have invested in leveraged funds for many years. I believe in the importance of freedom and certainly do not want to see my investment choices to become limited. These funds play an important role in the economy, which is currently undergoing various issues around the world. Limiting our investment choices will only cause worse financial issues.
Regulators need to limit their over reach. As I take no support from the government in terms of financial support. I should be left alone to invest when and how I so chose. Only those under governmental subsidies should be regulated and under any investment oversight. My gains should not be of concern nor should my loses.
I do not need the government to protect me from myself by imposing limits on my financial freedom. I am an adult American who has been investing for a long time. I know what I am doing. I have a 7000% return over the last 20 years. please take your nanny state and go elsewhere.
If regulators were truly concerned with retail investors well being there would be actual transparency when it comes to dark pools. There would be jail time for breaking the law, not fines that are rolled into the cost of doing business.
Dont worry about me and my money. Go after the financial terrorists that manipulate the stock market daily.
Why do you need to remove a risk management tool from the individual investor. I have used both leveraged funds and inverse in my portfolio to augment my other investments and find them very useful.
If you want to "protect and educate" the consumer--develop a core study for high school students on financial literacy.
I am very much against restrictions proposed in this regulatory notice. While the risk of financial loss when investing in these products is high, so is the opportunity for significant profits. Government should not control how I invest my money or make me run through multiple hoops to invest. Please do not implement the proposed rules.
I do not support these changes. I should not need approval from my bank to make an investment. These rules are ridiculous! I consult with a financial advisor from a well known institution. These investment tools are risky, but I feel they are unique and productive. They are made up of reputable companies. Regulators should be more concerned about crypto. A real pyramid system.
Financial regulators should be in the business of protecting investors from fraud or general education. Limiting investment options including those with diversification value should not occur. Forcing training or exclusionary measures also should not occur; investments are individual choice. Recommendation: Create the best investor education website and people will come to learn on their own.
