Dean Stokes Comment On Regulatory Notice 22-08
Hi, you would be doing a disservice by changing our investing options.
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.
Hi, you would be doing a disservice by changing our investing options.
I oppose new regulation limiting my future investments into leveraged ETFs. I have been investing in this type of investments for years.
I should be able to choose any investment, as an individual, that suites my needs. Without being tested or going through special approval. I have been investing in the markets since 1986. There are already many warnings when investing in leveraged funds. Please support a free and open market to all investors.
Hi, Having the ability to hedge my retirement funds is essential when there is high volatility in a high volatile world. The easiest way to do this is with a leveraged inverse ETF of the SP500 or Nasdaq. The drift risk in a leveraged inverse ETF is a lot les risky compared to options trading or short selling to hedge a portfolio. Options are complicated, expensive and short-term forms of insurance. Short selling is risky since there are infinite losses, expensive interest and I am responsible for paying dividends on the security I am short selling.
While I understand the danger and draw backs of leveraged funds, they can also be useful tools when used properly.
should not change anything, god forbid a regular Jo will make a little MONEY.
These are the actions of further financial control by the government. Do not allow this to take place.
Individuals not regulators should be able to choose the public investments that are right for them and their family. Public investments should be available to all of the public, not just the privileged. One shouldn't have to go through any special process like passing a test before one can invest in public securities, like leveraged and inverse funds. We are capable of understanding leveraged and inverse funds and their risks. Leveraged and inverse funds are important to one's investment strategies. They help one protect (hedge) one's investments and/or seek enhanced returns.
Please do not restrict my ability to buy funds I think will improve my financial status. Leveraged and inverse funds allow me to take advantage of anomalies in the market and make more money. Putting restrictions on these type of funds will hurt me while widening the wealth gap.
Theres no need nor reason to limit my choices for leveraged funds. I understand the risk and reward. Dont over regulate.