Todd Levy Comment On Regulatory Notice 22-08
There is no logical reason to change retail investor's ability to purchase any ETF as long as it is paid for in full and not on margin.
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There is no logical reason to change retail investor's ability to purchase any ETF as long as it is paid for in full and not on margin.
It is unfair for FINRA to over regulate retail traders more than they already have. It is our own money to invest how we see fit and should not be regulated by a governing body that assumes we do not have a basic understanding of market fundamentals.
Don't prevent me from investing in leveraged and inverse funds.
Do NOT limit my ability to invest in leveraged and inverse funds in ANY way! There are already enough hurdles in place for the lay investor such as the $25k needed for pattern day-trading among others. I found these funds recently and they are exactly what I was looking for in my investment strategy. I research what I do before I undertake an investment. I understand the risks. ANYTHING is risky without proper money management. Please do not cut this leg out from underneath me. I should be able to make my own decisions as a free American.
Leveraged etfs give retail investors access to the same kind of lending rates that institutions have. I understand that there is a concern that retail investors will overexpose them deserve. However, a better approach would be increasing the amount of disclosures that retail needs to make before trading leveraged etfs, not banning and liquidating leveraged etfs. Moreover, many retail investors use leveraged etfs as instruments to hedge with in complex strategies.
Do not do this!
Liberal democrats like Nancy Pelosi seem to think they and their families should be the only ones that can make money. Keeping their constituents poor and giving handouts is their modus operandi, and I want no part of it. Please do not stop me from providing for my family how I see fit. Nobody prevents our democratic leaders from providing for their families. They seem to be immune from the regulations they enact.
Money belongs to the Individuals who earned it - and in this TERRIBLE Economy...... it's the average person who will never really have enough to sustain a decent Life. LET US INVEST AS MUCH AS WE DESIRE!
Imposing these new hurdles to accessing inverse and leveraged funds greatly reduces my ability to build aninvestment portfolio toward a healthy retirement and a nest egg so that I can build a family, speaking as a young person. As anyone familiar with the principle of life-cycle investing will tell you, investing aggressively as a young person is key to maximizing returns. Please reconsider these rules.
The tools of an investor to offset risk through the use of some of the inverse or short funds could substantially impact their ability to mitigate losses. Investors need to understand the risks involved in EVERY product, including publicly traded stocks. ALL investments carry risk, every single one. The Boards ability to define who is knowledgeable or not is overstepping their scope of regulation. YOU DO NOT have the authority to regulate an individual's tolerance for risk.