Jeungsuck Chae Comment On Regulatory Notice 22-08
I want free invest
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.
I want free invest
Leveraged and inverse funds are important to my
investment strategies. Consider explaining ways I use
leverage and inverse funds, including that they help I
protect (hedge) my investments or seek enhanced returns,
and if I use them as a limited part of your overall portfolio.
Please do not restrict investor choices of by elimination of certain funds that have been previously available for us to invest with. I consider this to be a restriction of investor freedoms.
Dear FINRA:
I am opposed to the limitation of limits in the purchasing of leveraged and inverse ETF's.
Most sincerely,
Stephen F. Condren
I use this product all the time in my portfolio. I believe everyone should be allowed to use them.
Do not take these away from the retail investor.
I oppose this Regulation
The current safeguards in place to make investors aware of the risk of leveraged investments are currently sufficient. Any requirements to demonstrate a certain net worth or adding additional barriers to the investment process will hurt individuals' ability to invest and create further inequities in terms of who has access to particular securities.
I am angry to learn about potential limits of my ability to trade any public security. Leveraged and inverse funds allow me to better manage risks and liquidity in my portfolio. They also offer the ability to trade in smaller sizes than typical futures contracts. Being able to short something without having to adjust exposure daily is a massive benefit for investors. You can't naked short something without worrying as the price goes up that the position is getting too big. Requires constant monitoring. However, geared long and particularly short funds do this automatically.
I oppose the regulation
Disclosure requirements are fine, but restricting public access to investments is just not equitable. Punishing the little guy is unnecessary, unfair and discriminatory.
I am perfectly capable of making the right investment choices for myself and have been doing so for sometime. I immensely enjoy trading and investing. Leveraged ETFs, play a small, but important role as part of my total investment strategy. In fact, pulling the plug on their use at this very point in time in a bear market could cause irreparable harm to many investors. It is just the wrong approach.