It is incumbent upon me to voice my objection to the consideration by FINRA to restrict my ability to invest in public securities and their risks without first demonstrating my understanding or abilities to a governmental agency. As part of my financial portfolio, investing in leveraged and reverse funds allows me to take part in the great American dream of developing wealth. It is important
I believe that we as Americans have have the right to decide if we want to invest in any form of investment that benefits us no matter what our income or financial standing is. Regulating any person or adding restrictions to a persons rights to invest is a form of discrimination and disparity. Segregating the rich from the poor. My question is what is the real reason to restrict any person from
I have held these type of investments in my portfolio for many years.These funds are a limited percentage of my portfolio. However, they have enhanced my bottom line significantly. Regulators have absolutely no business restricting me on my investment decisions. What makes you think that you can make better financial decisions than I can? Further, I make all of my own investment choices and
As a Financial Advisor, we have a small portion of our practice that uses leveraged and inverse ETFs in our clients accounts. We fully understand the risks involved. We employ multiple analytics in our decision making process, and use an active trading system in an attempt to mitigate the risks. The long-term results can be quite substantial for our clients. We feel it would not be in our clients
It is commonly understood that for every transaction the terms of the exchange is known by both parties and executed faithfully to produce what we consider the stock market. Technology now allows for near instant transactions for market participants, therefore the due diligence of reporting that transaction to regulatory authorities should occur simultaneously with the transaction itself. This
When it comes to where I place my money for investing, it should be my choice. Not that of some unknown regulator who may be getting kick-backs for pushing specific investments.
There should not be any red tape that I must go through before being able to invest. This should be regardless of if I seek advice of a financial advisor or not. It is my money and my future and my decisions.
Unless
I use my own money for my public investments. So I should be able to choose the public investments that align with my financial planning and risk level. I therefore oppose all restrictions to my freedom.
We all need a license to drive, but that's because other people's lives depend upon our driving skills. Investing is different, because only I get affected by my investment
Lets replace all financial terms with fast food terms. To eat at fast food restaurants you must: Pass a health quiz Demonstrate a low BMI Receive a note from your doctor Attest to reading health journals Go through cooling off periods during which you cant eat You would never support a regulation like this. Let people make their own informed decisions you would say. Great, now apply this to
I oppose the restrictions on the public to invest in leveraged and inverse funds. I believe every type of investment was created to meet some need of the public, and they should be made available to everyone. Losing free access to financial tools such as leveraged and inverse funds will shut more doors to the poor and make the rich richer. As long as people are able to get disclosures about the
I assist my retired mom via dividend income investing to supplement her SS benefits, and your contemplated imposition of restrictions to invest would, in practice, forbid me from investing on her behalf because she would not be able to pass those tests on her own.
This year, I used leveraged and inverse funds for my mother's account and met her financial objective. If these tools are
