Pravinkumar Loganathan Comment On Regulatory Notice 22-08
Dear FINRA, Its my money and hence the decision has to be mine. I completely object to your proposed rule.
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Dear FINRA, Its my money and hence the decision has to be mine. I completely object to your proposed rule.
I primarily use leveraged ETFs for my swing trading strategy. This is an easy way of making additional basis points on my account.
Thank you for your time. I've gotten into investing over the last 5 months as an individual with limited funds. I've learned to responsibly utilize leveraged and inverse ETFs and they have become a crucial part of my trading strategy. For someone like me, it allows greater exposure in the market with less funds. Also, inverse tools make the most sense in a bear market which we are possibly going into this year. Finally, I have no idea why anyone would limit use of the plethora of tools available only to the affluent. This is a free country and everyone is considered an equal.
I have been trading successfully for 40 years and do not want restrictions and/or regulators deciding on the way that I should trade.
Should be available for free public to invest in and use as currency
Stop the FINRA proposal.
I have a right to invest in my own future and for my familys future. I have enough understanding in inverse funds to be able to invest my own funds to receive the results that I am seeking without involvement of other brokers and/or advisors at my own risk.
The right to sell short in a stock market should not be limited to the super-rich. The average investors should have the same right through inverse funds. The risk should be borne by the investor himself, who should know what he is doing, and NOT forcibly eliminated by the seemingly good intention of the Regulators!
I understand the leveraged and inverse investments that I choose to invest in. These ETFs make it possible for the little guy to avail themselves of investing strategies that would otherwise only be available to privileged individuals with resources I can only dream of. Recently I have been able to take advantage of rising interest rates through the use of treasury short ETFs. It's small. It's not a market mover. But it's mine. And it wouldn't have been available to me without access to these funds.
I should be able to decide which public investments are right
for me, not government regulators. I have been investing
successfully for over 35 years!