I have a strong understanding of Leveraged and Inverse ETFs: Three keys to ongoing successful use: Short term trades only Position appropriately sized. Continuous monitoring of position. My contention is we do not need additional government regulation / guidance as it relates to these products. I do not have any financial interest other than being able to use these products as I consider
The rights of investors must be protected. It is the responsibility of the investor to educate himself as to what is a proper trading vehicle for the investor personally vis a vis financially. The brokerage firm in which I trade has transparency and risk disclosure for such short-term active trading. Direxion Leveraged and Inverse ETF Education Center is very good tool to guide the investor to
Comments: FINRA is misplaced with this indicated intent on leveraged ETFs. All financial instruments and transactions have complexity. All people have brains and they can use them - to make their own choices, do their own research, and get help and advice where they deem it necessary. Transactions with these and any ETF are purely voluntary and disclaimers are clear and numerous. No new rules or
I am against any and all regulations being considered by the Financial Industry that will rob or regulate a persons right to invest at any level. Everyone deserves the right we the people deserve to be able to buy cryptocurrency funds such as BITO, and dozens of other popular
investments deemed to be complex, I am total against an organization coming against the peoples right to buy, sell, trade
Inverse ETF's are not exceedingly complex financial instruments. In addition, they can be used easily and cheaply to reduce risk by investors with significant equity exposure. Investors such as myself should have the right to make our own decisions about reducing risk without the need to sell our stock positions. We should not be forced to take a test to retain this right, although i have no
Dear Sirs, equity markets are critical to the world economies and financial system. Restricting or eliminating the use of any instrument potentially reduces liquidity in these markets. Sophisticated investors use a variety of instruments in their portfolios. I use leveraged index ETFs as a hedge. Restricting or eliminating leveraged index ETFs will significantly impact my investment strategy.
The only thing this rule does is protect the investor/white collar class and restrict the freedom of small investors that have an education, such as a double major in banking and financial institutions (like me), but not cooperate sponsorship nor high net worth. They're going to have all of the resources to meet those requirements, which means they're most likely to be irresponsible,
We don't need big brother controlling our financial decisions. This is not 1984! I've already graduated from school many years ago. I don't need to take anymore tests. Leveraged and inverse funds are used to control risk in my portfolios.
Taking them away only puts my investments at a greater risk. Please give me and other investors like me Freedom To Choose.
Thank you
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend the Code of Arbitration Procedure for Industry Disputes (“Code”) to align the Code with the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act of 2021 (“Act”). The proposed rule change would also make a
Dear Sirs: I am providing the following information in response to the possibility that FINRA is apparently in the process of promulgating restrictions that may cause severe harm to my ability to take advantage of the current system that allows investment in public securities and ETFs. As such, my ability to provide financial support to myself, my wife, and my immediate family may be destroyed
