Jy Jung Comment On Regulatory Notice 22-08
Please keep it the same!
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.
Please keep it the same!
How about you fix naked shorting and governmental insider trading instead of limiting retail investors.
I have been using leveraged EFT's for many years and that is a major source of my yearly income. I'm well aware of the risks and I'm willing to take those risks. I've educated myself over the years in most aspects of the stock markets and use options extensively. Most financial advisors know little about using these investment techniques and are afraid to recommend them. If investors would educated themselves, none of this would need to even be discussed. Bonds are supposed to be safe, but look what has happened to bond values in the past six months.
Everything related to TQQQ and other leveraged stocks is simple and easy to understand. Limiting who can buy, use, or purchase them would impact investors around the world greatly
Restricting my access to leveraged ETFs will force me to seek other more risky investments
My broker already provides special notifications regarding such funds. That is sufficient.
I absolutely oppose restrictions like means testing. That is a regressive measure, creating barriers to entry for small investors.
Leveraged funds are a central part of my investment strategy. I have traded in them for over a decade.
I am very concerned that I have heard that regulators are contemplating putting new requirements on individuals that want to invest in leveraged or inverse funds. I am an investor that has been investing in various stock, mutual funds, and ETFs for over 50 years. The advent of leveraged and inverse funds through the use of ETFs has greatly enhanced my capability to improve my investment returns. Prior to the advent of these vehicles, I was happy to have returns of 5% or 10% a year. Since including them in my investment strategies, my returns have increased to well over 25% per year.
This is proposal is another fine example of government intervention where none is needed. I know that this proposal is written by special interest groups driven by their profit motivation not for the best interest of the public. No one is going to invest in a leveraged fund unless they know what they are investing in. In no way should regulations require that investors go through any special process like passing a test before investing. This fund is an important component of my investment strategy, and I am fully aware of the downside risk.
Please do not pass this regulation as it puts unnecessary hardship and red tape on investing
I feel very strongly that I, as an everyday investor, should be allowed to invest freely without overreach. Leveraged and inverse funds are very important in day to day investing and are not too complicated for anyone to understand. Leveraged and inverse funds are excellent at protecting my assets or enhancing my returns in a good economy. I feel that only allowing some individuals to invest while limiting others would also be an unfair advantage to more affluent classes.