Peter Schleider Comment On Regulatory Notice 22-08
These types of financial products help insulate a portfolio against difficult times in the market and appeal to all types of investors. Please do not remove them from ready, public activity.
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.
These types of financial products help insulate a portfolio against difficult times in the market and appeal to all types of investors. Please do not remove them from ready, public activity.
I wholeheartedly oppose restrictions to my right to invest without having to prove to you that I am qualified to do so. I can do what I wish with my monies.
SEC Proposed Rule #S7-24-15 is unnecessary and prohibitive. Levered ETF's are a great way to invest and people who use them know the risks and rewards. Investors are not stupid and understand leverage. You do not need to place obstacles in the way of anyone who chooses to use levered ETFs in their portfolio. The SEC should not have the right to tell me what investments are or are not right for me. I should not have to pass a special test to invest in leveraged or inverse funds. Those kind of funds are important to my investment strategies.
You not regulators should be able to choose the public
investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged
I am holding a huge position in my IRA account with TQQQ. There is no way this product can be delisted.
I am capable of knowing what the risks are.
I firmly disagree with the idea that my investments can be limited or controlled by regulators. It is my sole decision to invest in projects I believe in. Attempting to limit my choices via regulation that would eliminate my ability to invest as I see fit is a fools errand.
I am a small investor who has good success investing a portion of my portfolio in leveraged ETF funds and would not want to see the sale of these products restricted. In fact, I've recommended them to my adult children for their IRA's because they are stable and outperform the market.
Please don't add further restrictions on these already highly regulated products.
Please don't limit our freedom to invest the way we want. Please leave every investment vehicles available for us!
I not regulators should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public, not just the privileged.