Danish Gandhi Comment On Regulatory Notice 22-08
We definitely need a to hedge against the market movements while we are not market professionals.
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We definitely need a to hedge against the market movements while we are not market professionals.
Leveraged funds are better than buying stocks on margin. I understand the risks and shouldn't be punished. Additionally, having leveraged funds acts as a hedge against some trades. If you want to police the market, ban options trading which is far more intricate and can empty an account in hours.
All securities contain risk. Complexity and restrictions create frictions that harm everyone and should be avoided.
Leveraged funds have their place in a portfolio. The decisions by the Federal Reserve have spurred much of the gambling in the markets we see today.
Restricting leveraged funds is masking the root cause of todays issue of loose monetary policy and nowhere to save.
With all due respect, find something tangible to regulate.
Leveraged and inverse funds are a critical part of my investment portfolio. I use them primarily for hedging my portfolio which is of vital importance in this volatile market. Limiting access to these funds by requiring a min. net worth or special approval, passing a test, etc. reduces wealth building opportunities for lower- and middle-income people who need them more. Imposing these restrictions is discriminatory.
This proposed overreaching regulation is ridiculous. There is enough needless red tape already. Stop please!!!!!
This proposed regulations impose further responsibility without concomitant rights. FINRA is regulating/legislating beyond the scope of their mandates.
Investors need more not fewer options in this dynamic climate.
I do not need you to prevent me from making financial decisions. Contrary to popular belief we are not dumb or stupid. Why do the rich get to have everything? I dont need regulation.
Please do not limit access. There is already significant extra information provided before being able to invest, and these funds provide easy access to a more efficient use of capital for younger investors, providing a larger set of assets on which I will pay taxes in the future.
The education and licensing requirements in place by FINRA already address the concerns the regulators are proposing. Please stop adding to the already onerous requirements we have to endure.