Syed Adil Comment On Regulatory Notice 22-08
I oppose this rule.
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 oppose this rule.
I want Freedom to buy funds as I see Fit!
I need hedge to protect my retirement in this dangerous market, please don't take them away.
We investors know the risk associated with our investments, including leveraged funds. We don't need to take test to invest our own money!
An average American who chooses to invest in equities is competent and capable of understanding the various forms of investments and the related risk. Being able to invest in leveraged equities is a crucial part of both traditional investing as well as hedging strategies that are ABSOLUTELY ABLE TO BE EMPLOYED WELL by average people. Reducing the number of potential investments and investment instruments will make the general market LESS robust and MORE fragile.
I believe all investments should be available to the public; imposing additional restrictions on leveraged and inverse funds is simply a way to preclude the public from investing in good vehicles, essentially reserving these investments for only the wealthy and privileged, which is contrary to the American ideals of justice and liberty for all. I have no problem understanding the theory, trading thesis, and fees of leveraged and inverse funds. There is no need for the government to impose additional tests or barriers to entry.
I am capable of understanding leveraged and inverse funds and their risks. Please do not impose these measures on me. Thanks!
To whom it may concern prospectus is clear and easy to understand and products like tqqq are behaving exactly as expected. No additional regulation is needed at this time.
The (American) Govt has no business holding my hand/influencing or regulating the private financial decisions of any individual.....Period.
These products have been around for years with no 'damage' to any investors. Informed investors are fully aware of the risk associated with both Inverse and Leveraged ETFs.