It poses a severe threat towards market fairness. It further discriminate retail traders or investors from choosing the financial products that fit their trading needs because institutional investors are free of using high leverage in their trading. We, as retail investors, are fully aware of conditions, fees and risks of leveraged index ETF. They should NOT be made available only to a small rich
I have been successfully investing in leveraged ETFs for over 10 years now. I currently hold a significant position in TQQQ with unrealized capital gains that I can't afford to pay taxes on until after I retire. I need the liquidity of of an active options market on this leveraged ETF to be able to sell options against my position in times of excess volatility. I cannot afford to change
We should be able to find and invest in what is best for us and our families. We shouldn't have to go through any type of special process Or take any type of test before being able to invest in what we feel is best . We are fully capable of understanding our investments and the risks involved. This is supposed to be a free county to choose what is in the best interest of us and our families
I oppose restrictions to my right to invest. I should be able to choose the public investments, that are right for me and my family. Public investments suould be available to all of the public,not just the privileged. 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 am well aware of the
This is not the first time that regulators have attempted to regulate Leveraged ETFs.
For some reason, we only see these actions at times when the markets have increased volitility. When times are good and the leveraged long ETFs are soaring, there is no scrutiny. Only when the leveraged short ETFs can provide value to investors do we see the risk of regulation or curtailing.
I consider a
I am highly concerned about FINRA Regulatory Notice #22-08 because it could negatively impact the time and effort I have put into managed my leveraged portfolio. By imposing rules that restrict the freedom of my financial decisions, the regulation will make generalizations about who is sufficiently knowledgeable about leveraged products to use them properly. Adding special hoops to jump through
This proposed rule restricting my right to invest as I please seems a clear violation of my right to control and administer my own resources. I try to diversify my investments, for my holdings as a retiree are quite meager and I cannot afford to take big risks. At present I own only one fund involved partially in cryptocurrencies, and regard it as just a normal part of my portfolio. Why would
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As a registered representative, financial advisor and personal investor I would sincerely hope that I am never prohibited from using these funds in the future. If you want to ad investor education and or disclosures, so be it. But please do NOT reduce the availability of such products. As a rule of thumb, my firm does not permit the solicitation of these vehicles in my position. As for my own
Hello, First of all any rule changes should effect at least after 12 months (maybe 24 months) to be fair for the investors. We are using these funds generally to protect (hedge) our investment or sometimes to gain in a short time. We know the risk of the any investment which we are investing. So, actually/generally I oppose restrictions on my right to invest in public investments. Rules should