Ronald Little Comment On Regulatory Notice 22-08
Please let me make my own investing decisions!!!
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 let me make my own investing decisions!!!
It is my belief that it is my right as an American to choose the public investments that are right for me. I should not have to go through a special process to invest in leveraged or inverse funds. I am an adult and capable of deciding what risks are appropriate for me. I do not need to pass a test to prove to a third party that I can do this, instead I ask: what makes regulators think they know what is best for me? Leveraged and inverse funds are important to me, and I use them strictly as risk capital, no more than 5% of my portfolio.
I use many tools available to us investors helping me towards my financial goals. Some of the tools happen to be leveraged and inverse funds that you are currently looking at upending. To remove these tools from my toolbox is wrong.
I make the decision as to which investments that are done and any restrictions on my right to invest as we know today should not be put in place.
Having my financial goals, some of which use these tools, uprooted
I believe it is an investors right to freely access the entirety of the public securities markets without arbitrary restrictions, therefore I oppose limitations on my investments. I value the freedom to access a broad range of investment products that help me build better portfolios.
The current SEC regulation requiring no more than 3x exposure for your investment is adequate. The etf I use is tqqq, there is no significant chance of a diversified etf going to zero. These etfs are valuable because they allow investors to increase exposure without the high amount of skill needed to manage options. The proposed change is bad for these investors, and it will drive investors out of etfs and into options, where if it is your goal you can attain much more exposure already.
Consumers, not regulators, should have freedom to make their investment choices.
Leveraged and inverse funds should be treated no differently than other publicly traded securities
Hold on and do not change. Thank you.
I oppose this. I use leveraged S&P 500 funds as a predominant part of my personal strategy to enhance returns while knowing the underlying investments track an index.
To whom it may concern,
My name is Victor Ranilla with residence in Greenville, SC. I do not appreciate my rights to invest in securities, that I believe are suitable for me and my family, being taken away by regulators.
America is all about freedom, and I feel that this is a threat to my freedom to choose my own investments. My family and I are against this regulation.
I deeply resent these proposed regulations regarding my rights to invest as I deem fit. I'm an adult, have worked hard for my money, and demand you refrain from interfering with my personal choices.