I, not regulators should be able to choose the public investments that are right for me and my family.
And, Public investments should be available to all of the public, not just the privileged.
This needs to be taken seriously
by FINRA.
Not only do I have the right to share my views,
but you are required to take my comments into
consideration in deciding whether to move forward.
I shouldn
I am a self-directed and self-educated investor who got a late start building wealth due to many years of school. The use of leveraged ETFs has helped me and my family to build significant wealth, especially coming out of the pandemic, and has helped me become closer to financial security. It is no understatement to say that leveraged ETFs have taken a huge burden off my shoulders. I am aware
I am, in general, opposed to the need for additional barriers of entry to use leveraged and inverse funds. The existing regulations require stockbrokers to monitor age and balances of accounts, and already quiz traders on their experience using such investment tools. There is always a risk no matter what the investment, and there's no real difference between leveraged/inverse funds and
Im fully capable of making my own financial decisions without the need to be protected from myself by anyone ! Ive been successful all of my life without unsolicited advice. Leveraged and inverse funds help me to hedge and out perform better. Leverage funds allow me to react quickly to changing market conditions. This is a valuable tool I use and have for over twelve (12) years. The prospectuses
Leveraged and inverse funds are important to my investing. I am able to enhance my returns in this market. In turn, this allows me to take reduced risks in the "main" portion of my portfolio, especially to wait in cash until this market bottoms out or settles out. having some sort of imposed "cooling off" period may not allow me to take advantage of market
I strongly oppose restrictions against use of leveraged and or inverse products. Yes, some investors through irresponsible use can be harmed, but in a free society and market retail and institutional investors alike should be able to make their own decisions and accept responsibility for those decisions. Restrictions on use reduces investors ability to manage risk, reduces market place
I OPPOSE any regulation related to the restrictions proposed. I reserve the right to invest as I see fit based on my free will and ability to suceed or fail with my investment strategy. My investment strategy may include leveraged ETFs, and any other instruments that involve risk.
I dont want testing or any other qualifications imposed on me to be able to invest in what I desire.
I have been
To: FINRA
From: Timothy J Mortimer, Ann Arbor, MI
Regulators should not be able to choose the public investments in which I may invest. Publicly-traded investments should be available to all of the public.
I should not have to go through any special process[es] before I can invest in public securities like leveraged and inverse funds. I am fully capable of understanding leveraged and inverse
Most securities require the buyers to exercise due diligence. Whether a publicly traded company or ETF, each individual has the obligation to be aware of the risks.
Increased regulation will only add greater burden to brokers, which the consumer ultimately ends up paying. These leveraged funds have enhanced my trading strategies and made me a better investor. They have provided me with decent
As a long time investor the idea that I can not understand the risks of complex and leveraged funds is ridiculous. I regularly use these type assets to hedge against things like the current rise in interest rates and do not require the government to hold my hand while I use them. The market is not a FDIC insured bank account and investors are regularly informed that they can lose money and if