It is my money. I have the right to put my money where I want.
I want all people to be protected from inverse products as I have found they have spikes that are impossible to recognize coming so the catch is no time to respond properly and a lot of money has gotten lost to others who somehow know to pull out at a peak thereby pumping and dumping all stock and crashing the market of inverse funds in gold or oil. I do not like donating money that way [REDACTED
I am opposed to the restrictions FINRA is proposing on the ability of retail investors to buy leveraged and inverse ETFs. For one, this is an impugnment on basic freedom that the US is supposed to stand for. I am more than capable of reading the basic documentation for these funds and understanding the risks I choose to take. They are also critically important to my investing strategy and
I should be able to choose the investments that I desire and I understand the risks. Stay out of this.
We, the public, should have the right to choose what investments is right for us and our family. Public investments should be available to all of the public, not just the privleged. We, the public, shouldn't have to go through any special process like passing a test before we can invest in public securities, including cryptocurrency funds. I am perfectly capable of learning and understanding
Being able to trade leveraged or inverse funds like ProShares has enable my family to stay afloat during these turbulent last couple years. Regulating that away from public traders will have a wildly negative impact on the everyday trader. Balancing between funds like TQQQ & SQQQ have helped to keep my portfolio protected from so many economic impacts even through COVID and the
We don't need more regulations on this topic. And we certainly don't need regulators defining what "complex products" are. Meddling in this area will cause far more harm than good.
I've got a better idea: let the buyer beware.
Inverse funds are used as a means to hedge investments. There is ample information and training online regarding short ETFs and therefore testing investors is an unnecessary administrative and financial burden. Regulations should not be put imposed on individuals who should have the freedom to manage their own risk.
Keep you hands out of my pockets.
Public investment should be available to all of the public, not just the privileged few.
