Aryeh Schulman Comment On Regulatory Notice 22-08
Most investors understand leveraged products along with volatility drag. These propsed restrictions are draconian. Please do not impose them.
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.
Most investors understand leveraged products along with volatility drag. These propsed restrictions are draconian. Please do not impose them.
I have been actively participating the FREE U. S. stock market for 20 years. I am against to the restrictions on investing specific products by regulators. First of all I need these leveraged and inverse funds to protect and making gains of my portfolio. Secondary the current regulations are enough to protect investors. Added restrictions will unnecessarily putting burdens on small investors like me. Thirdly, most of investors are careful and have common senses to invest these products.
FINRA,
I have recently learned about and invested in inverse/hedge ETF's.
I received and appreciated a notice from the trading platform that advised of the volatile nature of the trade, however that is as far as any regulation needs to go.
Dear Sir/Madam: I am an active investor with more than 33 years of successful investing experience in global capital markets.
A. Its my right to make choices of my own investments
B. I started buying securities since 1973 . I have enough experience to make investment decisions.
C. The stocks securities I am holding represent own 5% of my total assets
D. I should not be subject to any investment restrictions
I'm a self directed woman investor and NOT in favor of anyone decided what I can and can't invest in based on wealth, complexity of investment, or whether or not I can pass a test. Making the changes suggested will eliminate my ability to fund my retirement at a reasonable level, that I have been carefully and diligently saving and investing for for over 3 decades.
Instead of trying to pass more restrictions for average lower income bracket investors, how about you looking into institutional shorting of stocks? The way they manipulate the market so easily is criminal.
This regulation should not be passed. it restricts an investor's right select his/her own investments.
I like to buy leveraged and inverse funds once in a while to hedge my portfolio when circumstances are right. They never take a large position in my strategy because they can be dangerous. But knowing the risks and the rewards, I believe that using or not using them should fully be my decision.
Dear regulators,
While I appreciate the concern about investor's wellbeing behind this potential move, the outright prohibition or hindering access to these instruments would have, in my honest opinion, just the opposite effect to that desired.