Ned Saleh Comment On Regulatory Notice 22-08
I oppose any restrictions on my ability to buy proshares, or any other public investment
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I oppose any restrictions on my ability to buy proshares, or any other public investment
Thank you for allowing comments on this subject:
You shouldn't have to go through any special process
like passing a test before you can invest in public securities, like leveraged and inverse funds. These investments are critical to hedging a portfolio. Please allow individuals to make their own choices as to how they invest their money, not the government.
Thank you for your consideration
Vance Howard
Plekase refrain from passing new regulations that restrict access to investment opportunities.
Please do not limit my access to these funds.
This should be my choice.
My personal choices about how I allocate my investments are my decision alone. FINRA should not have the authority to restrict what and how I invest my money, eliminates access to high value propositions for retail investors, and is ultimately antithetical to foundational principles of the American Dream and the stock market
FINRA's tag line is "A vibrant market is at its best when it works for everyone". If FINRA regulators define and determine who may invest and in what then how can it be for "everyone"?
Determining who and what can be invested in seems like just another form of Market Manipulation by them for there "qualified" chosen?
This is more appalling because it's being done under their guise of "protecting me".
Let FINRA vet stockbrokers. Not my investment strategies!
I do not approve of further restrictions on trading leveraged/ inverse funds. They have been extremely important as hedges for protecting my retirement savings in highly volatile market episodes. This is especially true for the 401k/IRA investor who is restricted from margin and short-selling. The answer should be training investors in how to use these funds prudently, not restricting them.
If you are going to change rules -- do it at a point where the commodity is at a neutral point -- say nat gas at $3.00 that way you do not hurt investors who need the inverse to recover a position affected by a parabolic run up -- do it -- but not at a point that seriously hurts some investors
The last time I checked FINRA wasn't putting any money into my brokerage accounts. That being the case I respectfully request that you refrain from putting restrictions on how I invest the money that I have made (what's left of it after taxes). I do not invest in a great number of leveraged or inverse funds. I do, however, use these types of investments on occasion and I fully understand the risks involved. Thank you for treating investors with respect.
As a retail investor, the broad availability of investment products in securities and other asset classes is invaluable. Products such as leveraged and inverse funds are a definite value to retail investors such as myself, and any regulatory actions that limits or removes the ability to invest in leveraged and inverse funds is not appropriate nor wanted.