Jackson Boeh Comment On Regulatory Notice 22-08
Please dont force me to use margin to get similar exposure but with greater risk and expense.
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Please dont force me to use margin to get similar exposure but with greater risk and expense.
Do not regulate my right to buy assets
I should be able to choose, I have been choosing for myself for 4 yrs and nothing has happened to me, I spend this new money and file my taxes on it. Have I lost some money from bad projects yes, but that was my choice, but I have make more that I lost, I have gained 80% and lost 20% and I am okay with that because I learned to do my home work on my investments, see want the project is solving and there partners and how they will be part of this New Financial system is key, if they don't have good use case it is best to walk away and more to those that will help the New System.
I am opposed to this regulation, Regulatory Notice 22-08, as it will unfairly restrict my ability to purchase funds.
Why restrict/prevent intelligent folks from investment decisions? It's not American.
I should be able to choose the public investments that are right for me and my family. Leveraged and inverse funds are in the public domain and should remain there. Any effort to restrict or hinder my access to use these funds would be unfair and viewed by me as an attempt to keep the benefits of these funds to others. I understand the risks of leveraged and inverse funds, as I do the risks of other financial investments. Again, I do not need or want restrictive measures imposed on my ability to participate in leveraged and inverse funds, and would view it as economic repression.
I oppose changes that would require additional steps to be taken by investors before certain leveraged and inverse ETF's could be traded. These changes are not needed and interfere with the free market. I and other investors are fully capable of researching and understanding investment vehicles. Placing restrictions on such vehicles would not increase knowledge.
This regulation would be disastrous to retail investors who seek to invest in inverse funds to shield themselves from adverse market consequences, for example, by purchasing an inverse index fund as a part of their portfolio when market conditions indicate a market crash could occur, hedging against that outcome. These funds being regulated to this extent will push retail investors towards derivatives to achieve the same results, which are in most cases riskier than inverse ETFs.
1. Leverage to the extreme has gotten us into a lot of financial problems ... people, companies, cities, states, the country as a whole and the world. Mortgages with no money down (total leverage), 5X and 10X leverage bond products sold prior to the 2008 crash or 3X funds for stocks or commodities.
Often, when these investments break down, the issuers get off with a slap on the hand and the investors pay the price.
SO, spend more time watching and punishing the issuers as well as targeting those products with limits on who can buy.
I understand the risks of investing in leveraged funds and would like to continue my investments in the leveraged funds.