Pradeep Kumar Comment On Regulatory Notice 22-08
I request FINRA officials to reconsider restrictions on ability to invest in leveraged products. I understand the complexity and risk involved.
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I request FINRA officials to reconsider restrictions on ability to invest in leveraged products. I understand the complexity and risk involved.
I strongly believe investors have the right to freely access the entirety of the public securities markets without arbitrary restrictions. Thank you Rick Shields
Public investments should be available to all of the public, not just the privileged. I am capable of understanding leveraged and inverse funds and thier risks.
I would like you people to explain to me why you think you and biden should have sole access too the high yield investments and leave us working people the low yield paper? Do you really believe exclusion can be legislated for your benefit only (the rich)? Take your Rule #22-08 and stick it as Johnny Paycheck use to say!
Inverse ETF's are important tools for me to reduce my tendency to churn my account. With my positions hedged by inverse trades I am OK with leaving good investments as they are, thus enabling me to collect dividends necessary for living expenses.
This appears to be a veiled attempt to disenfranchise retail investors to the benefit of institutional investing teams and financial managers. Even if that was not the intent, these proposed rules will have that effect. I object to being denied access to investment products others are allowed to access, regardless of the reason. If there are 'complex products' that are so problematic as to require these restrictions on retail investors the products themselves should be removed.
To FINRA administration: I OPPOSE the FINRA Regulatory Notice #22-08, which would limit my right to invest in inverse and leveraged funds which would threaten my financial objectives as an investor. I have been trading securities and funds in my personal and retirement accounts for over 30 years and should be able to choose the vehicles which I feel are appropriate for my portfolio and am aware of the risks involved. I have done my own due diligence in educating myself, as an investor, to understand the risks involved, including review of these funds prospectus.
I believe the investor should be made aware and fully accept responsibility for the additional risk of leveraged and inverse ETFs, which is achievable by a succinct attestation before trading. I believe the additional pre-requisites deter investors from these types of investment vehicles and therefore cost them significant growth potential.
Please protect retail investors from unscrupulous firms that market highly risky "complex" investment products to the general public.
I oppose limitations on my investments of Leveraged and Inverse ETFs. It is patronizing to think these investments are complex. We investors understand the risk and we can make our own decisions on trading or not! And to even propose only high net worth investors should trade it is ridiculous; what you are trying to do is to only let the rich profit. It is segregationist and against our American principles of equal opportunity to all. All Americans should have the same opportunities to invest regardless of education or net worth!