David Leu Comment On Regulatory Notice 22-08
Your concerns are unwarranted and can only negatively effect investors by limiting the choices we have when options trading is by far a greater risk. Thanks
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Your concerns are unwarranted and can only negatively effect investors by limiting the choices we have when options trading is by far a greater risk. Thanks
This kind of regulation will only make it more difficult for the average citizen to achieve financial independence and awareness. This is the kind of barrier that allows institutions to maintain their monopoly on advanced trading tactics and instruments. There is already plenty of information and cautionary warnings in place that any reasonable person would understand their risks.
I'm fine with the proposed regulations IF YOU ALSO make it illegal for politicians to trade on insider information.
Of course you won't do this, so leave the retail investor alone.
We have enough problem competing with political cheaters as it is.
my previous submission got out before it was finished. Inverse and leveraged funds provide an essential tool for retail investors to balance and hedge a portfolio at reasonable cost. It is impractical - and in some cases impossible - to effect short sales in a retail broker account. Having a ready tool to be able to reduce the market exposure in a portfolio is an essential part of investing for a person like me. Add to the required disclosures, but let individual make decisions for themselves, without some arbitrary testing scheme.
I am not an accredited investor. I am an individual managing my own accounts. All of the funds you are proposing to regulate are important tools to my investing strategies. Inverse funds are important to offsetting long term positions in counter trend rallies. They are also the only tools available to me to invest in during down trends.
Commodities are also currently an important group in producing positive returns
I understand per the FINRA Reg Notice #22-08 I may not be able to buy leveraged and inverse funds and dozens of other popular investments deemed to be complex. Please reconsider this negative stance. My broker/financial expert has my permission to make investment decisions, including into leveraged and inverse funds. He is knowledgeable and very capable of making financial decisions for me. That is why I signed up with his firm.
You need to place your attention towards all of the congressmen who have access to insider trading they all leave office as millionaires...so go get them to make a fair playing field and lay off the American investor who knows the risks....so leave us alone and allow the market to have both ProShares and Ishares without you sticking your noses in and allow our marketplace to remain an open trading market without your fingers in it....and stop regulating the market and go after all of the govt.
Limiting investors in any manner from public market participation - whether in leveraged or inverse funds - is a terrible concept which runs counter to maintaining liquid, free and open capital markets. Brokerage firms and RIAs already are adept at advising clients as to the suitability of investments, and investors should not be precluded from participating in such public market investments generally nor should they be exposed to the type of requirements typically imposed on them before they can participate in private market alternatives.
I oppose the proposed restrictions on inverse and leveraged funds.
They are a part of the investment toolkit used in my portfolio.
These products are sufficiently documented in their prospectus.
As an individual investor I assume the risk of making my own decisions and am capable of making my own decisions.
Limiting these products to only high-net worth investors is inherently unfair and promotes wealth inequalities as these products are essential tools for hedging my portfolio.
Leveraged and inverse ETFs are necessary for many of my trading strategies. Don't be stupid, let people invest in what they want