Skip to main content

Alexander Ivanov Comment On Regulatory Notice 22-08

It is not the government's role to determine an individual's ability to understand their own finances. Therefore I oppose this notice quite directly. Information about "complex" and inverse financial products is freely available online, and any able minded adult is able to find this information easily. Just because an individual may not fully understand a product, does not mean they cannot learn about it. I do not approve of the state determining my intelligence or ability.

Randall Densmore Comment On Regulatory Notice 22-08

Please DO NOT remove any of my current investment options, including leveraged ETFs. Many consumers are preeminently qualified to understand and consider all types of investments. Currently there are safeguards in place to make sure people are able to make decisions about certain types of investments. In my case I am Series 6, 7, 63, and 65 licensed and fully understand the risks of leveraged investments and options, but I believe there are sufficent warnings and information available that anyone should be able to invest in these products. Please do not overreach here.

Larry Mei Comment On Regulatory Notice 22-08

Dear Sir or Madam:

I strongly oppose the idea to prevent people from trading leveraged ETFs, such as TQQQ, FNGU.

Please read the research paper "Leverage for the Long Run - A Systematic Approach to Managing Risk and Magnifying Returns in Stocks", which can be found over Internet. That paper researched data from 1928-2015, and found that: although in a max drawdown, the S&P 500 could drop -86% and a leveraged S&P 3X could even drop -99.9%, but the S&P 3X has overall annual return almost double that of S&P 500.

Richard Di Lorenzo Comment On Regulatory Notice 22-08

Thank you for your concern (FINRA) but please allow grown adults to make and lose money without Over Protecting us. They have Prespectuses which are routinely sent to investors. If we do not read them it is our own fault. Warning labels are attached all tthe various medications that we purchase. If we do not read and heed those warnings it is our own fault. Thank you, Richard Di Lorenzo

Alejandro Gomez Comment On Regulatory Notice 22-08

To whom it may concern,

Limiting the ability of small portafolio investors in self directed accounts is unacceptable. This is a great tool for younger investors who want to leverage 10%-20% of their portafolios with a riskier strategy than older investors. Even though the idea is to protect investors this would actually make the playing field worse as it would force us, investors with self directed accounts with 0 fees to open accounts with traditional brokers who charge immense fees that our portafolios cant afford in order to access these types of products.