As an individual investor who started with very little and has put countless hours into learning the markets to be successful, Im completely outraged at the the thought of another government regulatory entity over-stepping their bounds in an attempt to protect me from risk. The money I invest comes from my employment wages, so there is careful calculation and consideration put into each position
FINRA - I understand that you feel a need to protect investors from some of the potential pitfalls of leveraged ETFs. I urge you to approach this topic with caution, however. Face it, risk is the foundation of investing and the entire field is fraught with potential pitfalls, interpretation, influence and missteps. There are no guarantees and, effectively, no real reliable sources of information
I am writing to express significant concern with respect to regulations being considered by the Financial Industry Regulatory Authority (FINRA) that may restrict my ability to buy leveraged and inverse funds and dozens of other popular investments deemed by FINRA to be complex. Leveraged and inverse funds are very important to my investment strategies. I regularly use them to protect (hedge) my
Srongly believe the proposed regulations are: Bad for Investors. If the proposal is adopted, some investors who could benefit from the enhanced return and portfolio protection potential of leveraged and inverse funds could be prevented from buying them by an overly burdensome qualification process. Brokerage firms could even stop offering these funds altogether due to the difficulty of
STOP THIS INSANITY! DO NOT PREVENT ME FROM TRADING EFTs! It's hard to believe that another agency is again wanting to control/restrict me, telling me how and what to trade. I am 64 years old, have been trading stocks since 1998 (24 years now). I am the only one that should be deciding on the risk of whatever stock or ETF that I (not FINRA) am going to invest in. I am abundantly capable of
It is NOT FINRA's obligation to protect investors from themselves. It is the obligation of FINRA to oversee registered firms and registered representatives. If FINRA wishes to take action, it should not be burdensome to the individual investor. FINRA appears to be targeting the informed self-directed investor who understands the risks associated with leveraged and inverse funds, which are
I have heard that FINRA is seeking to put restrictions on investors, particularly individual investors, from buying into inverse funds or leveraged funds. I am an individual investor and having been using leveraged and inverse funds for more than 10 years. I am quite capable of doing my own research and understanding the risks. In the current market environment using these types of funds is a
Year after year, as I find ways to increase my net worth and diversify my portfolio, regulators seem to step in and take away more and more tools from my personal finance toolbox. It's really frustrating and, with each new regulation, it seems as though only the currently wealthy and high net worth individuals are able to pursue high risk/high return strategies. I understand the risks and
It is a "free market", and hence I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all 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. I have sat for
Dear FINRA Regulators, I AM OPPOSED TO RESTRICTIONS ON MY RIGHT TO INVEST in inverse investments as an individual. It is important that the public at large, and in particular, me and my family, be allowed to invest in inverse ETF's without restriction or further regulatory interference by imposing additional regulations. We, as investors, are in charge of knowing the risks and opportunities