Richard Swift Comment On Regulatory Notice 22-08
Please allow investors to continue to have access to leveraged and inverse funds, as these funds provide valuable flexibility for individual investors during these unprecedented times.
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.
Please allow investors to continue to have access to leveraged and inverse funds, as these funds provide valuable flexibility for individual investors during these unprecedented times.
I feel it is inappropriate to restrict individual investors ability to invest in leveraged and inverse funds. I find this beyond illogical when I am allowed to purchase an unlimited amount of lottery tickets, bitcoin, or gamble it all away in a casino. I am most confident in my knowledge of these investment vehicles and can trade them appropriately. Thank you.
Hello,
I firmly object to additional hurdles to investing. I (and the general public of mostly non-accredited investors) are not idiots, we just have less money. The tools to learn about investment and the finance industry are out there and we are using them.
Being able to participate in the market should not only be for the rich or those with finance degrees. I am against agency testing to allow access to inverse and leveraged funds.
What right do you have to limit mine? Investments should be between my broker and me. You have no business testing, gatekeeping, or knowing my income. Worst of all, cooling off periods? Day traders tend to make multiple trades a day; don't ruin an entire way of life.
Please do not restrict my ability to invest into leveraged funds. I have had very good results by investing into these funds in the past and have incorporated them into my overall investment strategy. Restricting my ability to invest in these funds will hamper my ability to strengthen my retirement plan.
We did not elect you to tell us what to do with our money....The people of America can still vote and we will...
I should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged.
Leveraged and inverse funds are important to my investment strategies. They help me protect (hedge) your investments and seek enhanced returns.
I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on you.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST.
I'd suggest not limiting access to these products, but rather increasing the education requirements and understanding of these products. The risks of the products should be spelled out plainly, not lost in some lengthy document that none of the investors are reading. In big bold letters and a concise one page document, all of the risks are summarized and distributed regularly to investors in these products.
It's your money you should be able to invest it as you please.