To Whom This May Concern, I do not agree with SEC Proposed Rule #S7-24-15. I believe that I should have the ability to choose what investments are appropriate for myself. I am capable of appropriately educating myself without having to pass "tests" imposed on me. Leverage and inverse funds are very important to my investment strategy. In fact, I followed a very regimented investment
I stand in opposition to any proposed FINRA regulations that would prohibit me from purchasing or owning inverse or leveraged funds. Further, I oppose any attempt to create a special process such as passing a test before I can invest. After all, they are public securities. These products include extensive disclosure documentation which is more than sufficient to warn of the potential risks of
I'm very disturbed that FINRA is considering regulations to limit my investment in leveraged and inverse funds. I respectfully submit that I should continue to have the right to choose my investments.
The market has been on a downtrend since early November 2021 and without the inverse ETFs, I would be unable to continue to generate income sufficient to support my retirement. I
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
* I am able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged.
* I don't need to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I'm capable of understanding
The limitation on the ability for the individual investor to invest in inverse and leveraged investments is asinine. I may not be a CFA nor have FINRA series licenses, but am smart enough to know "I think this sector is going to go down, and I don't want to become a short seller, so investing in this ETF that is inverse allows me the freedom to invest in something I believe in
Dear FINRA,
I appreciate some of the thoughts in the SEC proposed rule #S7-24-15, however I do oppose restrictions placed on my investment rights. I'm fully aware that all investments come with risk, and it is my responsibility to read a prospectus and research my investments options and choices. As a hardworking member of society, I should have the right to use the money I earn whether
Anyone capable of understanding what a stock or bond is, is more than capable of understanding 3x daily leverage on a product.
Leveraged ETFs are a valuable tool for responsible investors and are integral to mine and many others' financial planning.
More importantly, the fund websites already have lengthy disclosures regarding the risks of levered instruments. If someone is going to
Public investments should be available to all of the public, not just the privileged. I not regulators should be able to choose the public investments that are right for me and my family. I shouldn't have to go through any special process like passing a test before I can invest in public securities, including cryptocurrency funds such as BITO. I am capable of understanding cryptocurrency
I do understand the concerns with the many options for self directed investing/trading available to people today. I believe if a broker/advisor offers a risk disclosure and the customer acknowledges it, then it's the responsibility of the customer going forward. I do agree that disclosures should layout, in simple terms, the pros and cons of the investment. Resources should also be available
I've been using leveraged ETFs as well as ETNs for years. Why should I suddenly be subject to restrictions on products that I understand the risks for. Investing in these products isn't actually inherently riskier than simply investing in an individual stock, even a popular and widely-owned one (and indeed often is LESS risky, depending on the specifics of the stock).
Should