Mukesh Pratap Comment On Regulatory Notice 22-08
I don't want my rights to be taken away from investing in leveraged and inverse investments.
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I don't want my rights to be taken away from investing in leveraged and inverse investments.
It is unbelievable that you would wish to attempt to place such restrictions on these trading vehicles. These have been available for many years and I personally have used these in my trading strategies to manage risk. We are all fully aware of the volatility associated with leveraged funds. These present no greater danger than supposedly save bonds when interest rates go in a different direction much to the detriment of returns. Do not restrict these investment vehicles.
I am concerned that FINRA wants to impose restrictions on access to investment vehicles that are useful and valuable to many investors. I believe it would be a mistake to impose restrictions on the availability of one small class of investment vehicles when comparable vehicles are available without the same restrictions. Leveraged ETFs are comparable to the use of margin for example, which is widely available. I think it may be helpful to recommend that brokers provide a notice that states clearly that such leveraged investments are more risky because of the use of leverage.
I would like to voice my concern over restricting leverage trading. They are vital to my retirement strategy. I can make great profits with less exposure and in a shorter time frame. The brokerages do an outstandin job of informing us of the risk and that they are for short term trading.
I have been trading leveraged securities for many years starting with Guggenheim Funds (previously traded as Leveraged RYDEX Funds). My success with these investments helped me finance 100% college educations of my 2 sons, all way to JD / MBA and Finance MBA. That totals to 14 years of college education. Later, I replaced RYDEX Funds with ETF (TQQQ, SOXL, QLD) to help me with my retirement years. I trade Short Term, but I am not a DAY trader. The risk of ETF downturn are similar to downgrades by analysts or companies falling short on earnings and future predictions.
Im urging you to permit investors to freely access the entirety of the public securities markets without arbitrary restrictions. Our investments, our choice.
Thank you.
FINRA , It has come to my attention you are thinking of taking my rights away in Public Securities. I have been investing since I was 12 and have a understanding of how the market works including Leverage and Inverse funds. Yes you make money and sometimes you loose money, that's life! I should be the one deciding what I want to do, not someone else's brain storm Idea.
I don't think anyone should regulate our rights to making money with crypto.
I choose my own investments; not a bunch of radical controlling thugs.
Cryptocurrencies do not need regulation, as they are already transparently self regulated by the code that powers each blockchain. This code is publicly visible and transparent for all. They are also secure through cryptography, stronger than that which masks transactions and account information at traditional banks and brokerages. Furthermore, Bitcoin is the single best performing asset of the last decade.