David Rude Comment On Regulatory Notice 22-08
I do not support any restrictions on the ability for all investors to access inverse, commodity and leveraged funds, or the funds and tools that are invested in by institutional investors.
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I do not support any restrictions on the ability for all investors to access inverse, commodity and leveraged funds, or the funds and tools that are invested in by institutional investors.
I should be able to invest my money as I please, even if that means utilizing strategies that you do not otherwise approve of. That is the fundamental premise of a free market
I believe it would not be right to limit the use of inverse and leveraged funds only to specialized brokers or limit them to certain sectors. As a public investor I use leveraged and inverse funds on a daily basis as a way to seek enhanced returns. I am fully aware of the risk of these funds, going so far as to download 30+ years of historical market data and running my trading strategy against this to see how it would perform in up and down markets.
I've used leverage as part of a well-researched and highly-effective investment strategy for the past 14 years. This allows me to grow my investments - responsibly - much faster than would otherwise be possible without leverage. I should have the right to choose whatever investments make the most sense for me, and be expected to handle the consequences of any mistakes I make in their use. Investors already have to sign a separate agreement to trade leveraged funds that alerts them to the risk.
Leveraged funds are no more dangerous than individual stocks. All they do is make slow-moving indexes move more like stocks. Brokers currently have plenty of notices about how this works and investing at our own risk. No changes are needed.
Dear FINRA Regulator,
Let ME choose my investments!
These types of investments should be available to all investors. An acknowledgment of the risks associated should be required, but there should not be additional criteria that would limit choice for non-high net worth investors.
I am opposed to FINRA Regulatory notice # 22-08.
The decision for such investments should lie between a broker and an investor, akin to the relationship between a doctor and patient.
If additional investment risk information is needed, FINRA should promulgate it. I am and have been capable of understanding the investment risk with these investments for some time. I do not need the consequences imposed by Notice #22-08.
Please reconsider this action. There are enough safeguards and warnings in place currently. The issuers are really good about letting the buyer know how these work, and risks involved. They are an important part of my trading strategy.
Thank you for your consideration.