Roy Roccasalvo Comment On Regulatory Notice 22-08
Were not stupid as you think
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.
Were not stupid as you think
Please do not regulate or remove our access to weighted ETF's. I use these when market sentiment has gotten bad and stocks are down. It is my hedge to help me recover losses in my core holdings. I believe it is safer than a stock option because there is no time expiration and there is diversification. All I need is patience with it. It is a necessary tool to allow me to hold my core holdings and reverse losses that occur when not selling when a downturn happens in the market.
Options typically trade at 10x or more leverage depending on strike price. Leveraged and inverse funds trade from 2x to 3x and do not expire. If investors are no longer allowed to use leveraged and inverse funds, they will simply trade options which are even riskier than leveraged funds. Additionally options often expire worthless. Banning leveraged and inverse funds simply signals to investors that the government would rather have them trade riskier derivative assets such as options, which makes little sense.
Leveraged assets are an important investment option for the general public, and should not be restricted to a limited set of investors
I oppose regulations that limit investment in inverse and leveraged funds.
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.
I am capable of understanding leveraged and inverse funds
and their risks. The regulators do not need these measures imposed on me.
Leveraged and inverse funds are important to my investment strategies. I use leverage and inverse funds to hedge my investments or seek enhanced returns,
Regulators should not interfere with how investors on how or what types of asset classes they can invest in. This is akin to them telling me how to spend my hard earned money. No thank you.
Leverage and Inverse are important to my investment strategies. They help me get enhanced returns
I don't understand why market can go up forever with no restrictions even if they are not supported by fair game... But thinking the opposite and trying to make money on it become illegal
This legislation would restrict rights and it's another kick to the middle class while protecting the rich.