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John Elliott Comment On Regulatory Notice 22-08

The idea of putting restrictions on Inverse/Leveraged securities is just a bad idea. 1) These instruments are not that complicated - people can understand them....Typically they are based on indexes (e.g., 2X SPX etc.), that's easier to understand than the inner-workings of any individual company! 2) FINRA, I believe, already requires brokers to display warnings - that's good enough. A warning that these instruments are different is what is needed and that makes good sense. Restricting trading on these by FINRA makes no sense.

Aidan Cordero Comment On Regulatory Notice 22-08

Exchange traded notes play a vital role in the democratization of the public markets. They provide retail investors with vehicles to gain access to asset classes otherwise not availible to them. These products are central to my investment strategy, and I believe the proposed regulations would restrict my rights as an investor. I respectfully ask regulators not to impose these restrictions.

Markus Skupeika Comment On Regulatory Notice 22-08

I as an investor, not regulators should be able to choose public investment which are right for myself & family.

We should not have to go thru any special process or passing a test to use these tools. I am extremely capable in understanding the risks of these inverse and leveraged funds.

These leverage and inverse funds are important to my investment strategy. I use them to protect downside risk and increase returns. By having lower priced assets and controlled stops, I can use these tools very effectively to keep my portfolio in balance during volatile times.