Chak Chan Comment On Regulatory Notice 22-08
I understand risks of these products, and can make my own investment 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.
I understand risks of these products, and can make my own investment decisions
Investors should be allowed to invest how and when they would like. We all know there are risks in any investment, and as long as there are rules that are enforced to make it an even playground, the SEC should not be the "parent" telling adults how to invest their funds.
Maybe not allow Politicians who have insider knowledge invest in stocks that they can manipulate with notices and hearings is a more important use of the SEC time.
These investing products are particularly useful for investors to capitalize in certain fields in which diversification is otherwise far too burdensome. This regulation only hurts small investors like myself.
This is unfair for ppl who can long term invest for fair priced etfs which is composite of high priced stocks , so dont be selective in who can invest and let middle class income ppl also make a money by investing
Leveraged etfs are one of the few financial products that offer daily compounding.
It is the sole responsibility of the investor to choose securities that meets their assessed risk tolerance. It is the responsibility of the securities and brokerages to accurately publish the risks and potentials for their products. Thus, adding regulations beyond these fundamental purposes skew the landscape to play favoritism and hurt the market. Demanding a test or license or education minimum or net worth minimum will make these products effectively unusable to the public, and thus create a systemic marginalization of minority groups.
Please don't make changes to lebereged ETFs. Despite being lebereged with volatility decay, they are easier to understand than options and I believe less gambling than options. They also generally invest in indexes, which are overall more diversified and safer.
I have been investing and hedging in leveraged and investment funds for years. I do not want a regulator to tell me what I should be doing with my assets.
I oppose any limitations on my investments because it is an investors right to freely access the entirety of the public securities markets without arbitrary restrictions. I want to maintain the freedom to access a broad range of investment products that help me build better portfolios. It is I who have the right to decide which public equities, bonds and funds I want to buy, not the regulators. Furthermore, I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged funds.
I as an individual investor should be able to choose the investments that are right for me and my family, not just for the "high net-worth" accredited one-percenters. I should have to go through a process of passing a test before I can invest in public securities unless the government is willing to train individual investors like me and administer the test free of charge.