Michael Gill Comment On Regulatory Notice 22-08
Leveraged funds are crucial for sophisticated investors.
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 funds are crucial for sophisticated investors.
I recommend that you regulators and government nanny-state bureaucrats read the Gulag Archipelago and some Malcom Muggeridge while your at it. Your premise is a repudiation of the basic reality that it is to be human. Any human authority is suspect because it is human. Our freedom to win and lose, choose the good or the bad, (accept the a priori reality that such words define reality), succeed or fail is what makes us most like God. The more you oversee, protect etc. the more you enslave. These instruments are my favorite way to play my underlying assumptions about the market.
To Whom It may concern, The investors can make the decision regarding what to invest in and what not to. Let us decide. Thank you
I have been using leveraged funds since inception. I have a methodology for investing using charting and QLD and others are the best vehicle for executing my plan. If these funds are removed, then my successful plan for investing for nearly 20 years will not be feasible.
Please protect the ability to trade via leveraged funds.
Thanks for your consideration.
Sincerely,
Alan Margolis
I am in favor of keeping of leverage ETS, margins are adjusted for leverage; there are agreements investors signs before trading leverage ETF , the agreement explains the clearly key risks involved , potential losses and it is an instrument suitable for short term trading only. i am not why this comes up every now and then
Please stop changing the rules middle of the action
INANE!!!
If enacted the proposed restrictions of FINRA Regulatory Notice #22-08 would reduce my ability to hedge and thereby would INCREASE the risk in my portfolio. The proposed regulation is another example of cognitive biases in the actions of regulatory agencies. In this case the main ones, among others, being the Illusion of Explanatory Depth, or IOED, and Regulatory bias.
I am certainly able to comprehend the risk associated with my use of leveraged and inverse funds:
I passed the Series 7 exam at the top of my class when I became a stock broker.
Very simply put, our founding fathers had a knowing. A conviction that there is but one truth. We must not deviate from the path set upon in regards to perpetuating our conviction of the self evident truth that "all men are created equal ".
Equality in creation that dictates fair access and complete freedom to invest in any public stock .
Far be it just that a man be denied the opportunity to increase his worth based on the perceived complexity of the stock or the percieved or real lack of his ability to comprehend said complexities.
To The Financial Industry Regulatory Authority,
I have made over $700,000 investing in inverse and ultra funds over the last two years. I'm a highly educated investor and use the Elliott wave methodology to invest. I'm retired and have no other source of income. I couldn't make this type of return if I invested in individual stocks and bonds. In a down market, which we are in currently, I use inverse funds to make money instead of investing in bonds which you can lose money in.