Lance McDonald Comment On Regulatory Notice 22-08
Leveraged and Inverse funds are an important part of a modern portfolio. These tools are essential in providing protection for ALL investors regardless of "accredited" status.
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
Leveraged and Inverse funds are an important part of a modern portfolio. These tools are essential in providing protection for ALL investors regardless of "accredited" status.
I dont have any problems with leveraged ETF and am used to these products. So I will ask you to continue to let us invest in them. Thanks
Please do not eliminate the ability to use leveraged and inverse ETF's to only high net worth individuals. Everyone should have the ability to choose whether they think these products are appropriate for themselves or not. There is already plenty of warning from the brokers regarding the potential dangers of these ETF's. Limiting these products to only to high net worth individuals makes no sense. People with lots of money aren't inherently "better or wiser" investors. You are just locking a segment of the population out from these products based on pure elitism.
I opposed restrictions to my right to Invest.
This is not the 1940s Papa, education, and information are very accessible. Connections are made faster and with more abundance than ever before. It is absolutely insane that I even have to write this when I can drive 30 minutes to a casino and gamble every dollar away. The hypocrisy is legendary and once again it's 2022 we can see through all the non-sense. If investments are the way every millionaire/billionaire got to where they are why are you holding the majority of the population back from this?
All I have to say is that the government has no business total everything. They constantly give millions of dollars to every country on the globe. Line there pockets with our tax dollars. So it's the for them to leave something for the people.
I oppose the regulations because I believe Americans have the right to invest in any public investments with no restrictions or limitations.
i like products that give me leverage on the stock indexes.
I trade as a profession for myself and income. This would effect my day to day work. It would not be right to put unequal restrictions on investments. I primarily focus on leveraged ETF's for my main source of income and chart analysis. Everyone should have the right to invest however they please or will.
Please stop this none-sense. Traders are smart enough to read and educate themselves before buying leveraged or inverse ETFs, including myself. If you like to help the traders, here is something much more important you can do: Make our funds available right away after each transaction and/or at least within the hour. In this age of digital fast money, there is absolutely no reason to hold our money hostage for TWO DAYS. Please correct this rule for the benefit of people. Thank you.