Richard Villano Comment On Regulatory Notice 22-08
Please allow private investor the ability to invest in leveraged and inverse funds
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 allow private investor the ability to invest in leveraged and inverse funds
It is OK to make me sign a document saying I understand these tools/structures/instruments are risky.
But preventing me from investing in such tools is out of the question. I am a grown up man, in his right mind, and I should be allowed to make my choices, some riskier than others, as long as I do not harm anyone else while doing so.
My ability to invest in leveraged & inverse funds shall not be limited.
I am an individual trader that uses leveraged and inverse funds to help finance my retirement. I have used these funds since I retired some 4-1/2 years ago. I understand the risks of these funds as it is stated directly on the trading platform that I use, TD Ameritrade. I do not believe that over-regulating these funds that assist individual traders in building wealth to be the correct approach. Please, leave the ability to trade these funds with investors and let investors assume the level of risk they want.
I do not agree with FINRA's proposal of restricting access to leveraged ETFs. I am an educated investor and 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. I have used leveraged ETFs prudently and as short term trades to increase my returns and wealth. I have used inverse leveraged funds to protect my portfolio in down trending markets.
Please do not take away my ability to use leveraged pro shares instruments. I use these occasionally in my overall investment strategy.
Please do not limit my rights to invest where I see fit.
Leveraged and Inverse funds are important to my investment strategy and I urge you not to restrict their use. These funds provide important tools for hedging portfolios that were not available to the average investors prior to there creation.
Thank you for taking this into consideration.
Sincerely,
Thomas Browns
I believe investors should have the ability to use levered funds without further regulation.
Please leave our investment choices free!
Seems funny that now that our investments stand the chance of being profitable you want to pull the rug out from under us.