Bill Douglass Comment On Regulatory Notice 22-08
Finra, don't limit leveraged ETF's. It's our money and these leveraged etf are great tools for market.
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Finra, don't limit leveraged ETF's. It's our money and these leveraged etf are great tools for market.
I support transparency and disclosure of information regarding various investments. However, I believe in an investor's right to choose and do not want to see restrictions on my ability to use leveraged and inverse funds. They can have legitimate uses in, for example, hedging against certain market events.
Please do not restrict the use and trading of existing leveraged exchange traded funds, and other sorts of "alternative" funds. These are parts of important investment strategies for individual investors like myself, that allow us to manage risk in our portfolios in more effective ways than conventional index funds. These products give individuals like myself access to strategies that are infeasible to small investors without using advisors or funds that charge very high fees.
The correct mechanism for correcting these issues is through risk disclosure, which is already done.
I am well aware of the risks and do not want additional obstacles in investing, with the end result of limiting access of financial products to the most privileged.
Hi, I like to have freedom to invest in leveraged and inverse funds without going through tests and additional constraints. I usually do my research on what I'm investing and so knowledgeable enough to make my own independent decisions considering all risks involved. I usually use these funds to hedge my investments or get some higher returns based on their leverage. I want investment options to be less complex and seamless and not go through too many levels of rules and regulations. So, please keep these funds available for easy investment through online brokerage.
Adding any regulation that limits individual investors like myself from investing in all instruments, regardless of what presumed risk is inherited, gives advantages to corporate finance firms, and implicitly promotes wealth inequality.
Comments:I am fully capable of making my own decisions with my own money.
I think a simple consent form acknowledging possibilities for loss should be enough to allow investing in leveraged and inverse etfs by any investor.