Chris Wren Comment On Regulatory Notice 22-08
I understand the risks and should be able to invest my money where I choose. No additional regulation is necessary.
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I understand the risks and should be able to invest my money where I choose. No additional regulation is necessary.
Comments: Dear FINRA, I have been investing in stocks and options for over 30 years and have used leveraged or inverse products for the last 20 years. The proposed regulations and or guardrails for what you call complex products would undoubtedly disrupt the existence of these products and future development of these products. L&I ETF's have given me the opportunity to hedge out portions of my long term holdings for short periods of time. I have also used them to capitalize on short term market dislocations or express specific sector exposures.
I believe in education, not restriction.
New investors need to fully understand the risks, why it is best to only commit a small fraction of their overall available funds, NEVER go on margin, and never go all-in, and understand how the overall market can seriously affect or influence the outcome of ones leveraged trades.
We should be allowed to buy leveraged fund/inverted fund if we understand the nature of of the product
I do not consent what you regulation team is traying to do, impose different ruls for a sertan group of investors.
I do believe in equality and fairness and a plain field for everyone more when it come to investing.
I do use and need this instrument as a part of my portfolio strategies.
This type initiative magnficate the miss trust in the system in place.
Please reconsider you action before its to late.
All it does it pushed people to look for alternatives options outside the Broken System! Like BTC Coin and a Decentralized wallet etc
Thank you.
I've been investing in "complex" securities for decades, don't tell me I don't know what is right for me and my family.
I am not a child, and am fully capable of making my own decisions about investing, just like I can buy my own house, car, and insurance. I don't need regulators telling me how to invest. I am fully aware of all the risks. I have been investing in leveraged ETFs for more than 15 years, and use them for hedging and for decreasing the amount I invest to get a similar result. Another good use of leveraged ETFs is they replace options and do not have the time decay. I always use them for a small portion of my account. It is arrogant of you to think that I do not know how to invest.
Please be advised that I oppose restrictions FINRA wants to impose on public investors. Leveraged & inverse funds are an important part of any diversified portfolio. Having to meet certain criteria to invest in inverse funds restricts my ability to enhance my overall return. Public investments should be available to all, not a select few.
I have been investing for approximately 30 years and understand investments come with risks. I also understand inverse funds and how they work. We do not need any more cumbersome regulations imposed on investing.
This suggestion to restrict is UnAmerican and is counter-productive. The ETFs make it easy to go long or short the markets just like the big companies and billionaires do.
You should not discriminate against individuals, that is illegal.
Thank you for considering an alternative view.