Christopher Soto Comment On Regulatory Notice 22-08
This is a very restrictive measure and limits my ability as an experienced investor to invest as I see fit. I am aware risks involved and those risks have been made clear to me.
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.
This is a very restrictive measure and limits my ability as an experienced investor to invest as I see fit. I am aware risks involved and those risks have been made clear to me.
Im perfectly aware of risk of investing in leveraged products , and I use this as part of my investment strategy. I do not need/ want any regulation on this products that could jeopardize my investment strategy.
I want to be able to make the choices that affect my financial life without hindrance from the government.
Please do not make it difficult or prevent me from investing in public securities, like leveraged or inverse funds. I am capable of understanding these funds and the associated risks on my own and do not want more regulations. Please review all existing regulations for opportunities to eliminate regulations that do not serve the public interest and contribute to waste in business, government and people lives.
My family is in an awkward position. With me as the main breadwinner, I need an income with a work from home job. I have studied stock trading for years and require access to both leveraged and inverse ETF's. Mostly, I use them for hedging my investments and this is crucial in any market condition.
I am a retired citizen and an active private investor. I never had a job that provided me with a pension. I taught myself how to invest through trial and error. One of the great developments in investment products at the end of 1997 was that of ProFunds' making available inverse funds and leveraged funds. Both of these categories of mutual funds provided me more flexibility in how I could manage and grow my retirement accounts. The availability of these investment products helped me provide for me and my family in maintaining my status as a middle class tax-paying private citizen.
Leveraged ETF products are well diversified instruments that offer access to leverage at a low cost with no margin account (hence no risk of liquidation) to retail investor.
These products must remain legal.
Professor Florent Rouxelin (Finance PhD)
Please don't do that
Inverse ETFs and leveraged ETFs are a way for retail investors like myself to hedge against the current inflationary and recession trends in the market. Taking away these important tools will expose retail to more risk, not less.
I srongly oppose being constrained to my option to trade. They should not have been allowerd at inception. But they are here and I am very involved with them.