Dear FINRA Committee Members, Please do not impose trading restrictions on “Complex Products.” I am a retired public employee who has been investing for over 25 years, managing a ROTH account, 457 plan account, as well as a retail account. I sometimes use ETFs, including inverse and leveraged. They are an integral part of my investing toolbox. I am not a high net worth individual and desire to
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In May 2004, NASD issued Notice to Members 04-37 regarding
By creating barriers for individual investors such as myself it will make planning for retirement significantly more difficult and time consuming. For example, I prefer to invest in target date funds which do not require a significant time commitment but ensure I will be diversified and manage risk as I get closer to retirement. For individuals with less time they may not invest altogether and
I am a modest net worth investor but am familiar with so-called hedge funds.
I have used such funds to provide some hedging to my investment portfolio and consider them a key part of my financial planning.
A policy that tries to eliminate risk from investment decisions is doomed to failure and will, inevitably, create negative consequences.
I oppose restrictions to my right to make my own
Inverse funds are a great option to hedge against other family assets and liabilities. We utilized ProShares UltraShort 7-10 Year Treasury to hedge against rising interest rates for debt that needs to be refinanced in the near future. This was a well thought out and planned strategy, that has worked perfectly. Once the debt is refinanced we would look to liquidate the ProShares UltraShort 7-10
It is my opinion that I alone, not regulators, should have the right to choose the investment strategy that best suits me and my family. I am fully capable of researching and making an informed decision on what leveraged and inverse funds that I should buy and sell. All funds are risky and I am 100% against regulations that are imposed upon me and that can drastically impact my ability to plan
Dear Sirs: Please DO NOT make ETF investments more expensive or more difficult. Leveraged ETFs are the corner stone of my, in retirement, investment strategy. Leveraged ETFs provide an index for specific sectors that i havent been able to find anywhere else. The premiums on options for leveraged ETFs are also beneficial. I dont understand why you are planning a disruption of a beneficial
Comments: Leverage and inverse fund are part of my investment planning. I under stand full risk of it impact on my portfolio. so before you ristric fund from trading provide more eduaction to the investor all investment product not for all. They should talk to thier adviser before investing this product. so please do not punish all investor because some investor does not under stand.
I am opposed to a plan which makes restrictions on being able to buy and sell inverse funds without jumping through a variety of hoops to get permission. However, it would be good to have rules on the prospectus documents explaining in very clear language what the unusual risks are from using the funds. The special coverage of risks could be put right at the beginning of the prospectus and
