I am against any more restrictions to my ability to trade leveraged securities. I have been fully informed of the risks involved by my broker Fidelity in these products and had to sign and submit a document stating so to Fidelity. I am fully capable of making informed decisions on my own without any further government or regulatory restrictions such as passing a written test or proving my net
Your Proposed Rule #S7--24-15 is a flagrant and unwarranted intrusion on the rights of individuals to invest as they chose. Who gives you the right to decide what instruments people can invest in? Peoples' freedom to invest as they chose should not be compromised by a self-appointed body of regulators who are overstepping their boundaries. As long as one educates his/herself on what they
To Regulators, I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds because I have more than 40 years of stock and options trading experience in USA. I am capable of understanding those funds and their risks more than any finance professionals. It is totally against the spirit of law under democratic
I trade leveraged and inverse funds in order to feed my family and pay my mortgage. I am 60 years old and do not have skills to get a job that would pay enough. My husband is 82 and a fall risk. We cannot afford assisted living. So being able to trade allows me to take care of him. I honestly don't know anyone who has gone broke from trading. My experience is that your proposed regulations
Comments: As someone with the CFA designation that uses triple leveraged funds for their personal investment strategy, I do not feel that this rule should be passed. In economic downturns line were are experiencing, the use of triple leverage funds can be extremely advantageous for investors that understand the risks associated with such investments and track their investment performance.
How can you possibly think that leveraged ETFs are more risky than options trading? Leveraged ETFs are easy to understand and can be understood just by reading the prospectus. Options on the other hand have various factors that need to be accounted for, the majority of which common investors do not understand. As it stands today, investors must already acknowledge the risk of leveraged etf
I believe any additional oversight or reporting requirements in regard to short positions would be a net positive. Abusive shorting of securities has both introduced idiosyncratic risk and reduced faith in the integrity of United States financial markets.
Comments:FINRA should restrain from limiting access to leveraged funds. These funds are suitable for any investor that understands how leverage can be effective in achieving a financial goal. Obviously these funds are more for short term trading so the trader should be vigilant. Long term inexperienced buy and hold investors are better served elsewhere. Any investor should have access to these
please don’t close or restrict leveraged ETFs. Those are for many years and people made money. If you saw a risk on those you should take action when market was hot during November 2021. Retail investors like me lost money on stock market. If you close or restrict trading thess probably I will not get back my money. I think this is a regulatory scam. Request your kind consideration to have those
Comments:I believe that between the investment risk disclosures from my broker (Schwab) and my full understanding of the necessary monitoring of my accounts on a regular basis relative to these riskier types of investment/trading instruments it should be left up to the individual investor as to whether they feel adequately educated to fully understand what these instruments entail. I don't