Jamie Posey Comment On Regulatory Notice 22-08
It is not regulation purpose to withhold or restrict investment decisions for investors.
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It is not regulation purpose to withhold or restrict investment decisions for investors.
I oppose FINRA's limitations on my ability to buy leveraged and inverse funds. These are public funds, but proposed limitations on my ability to buy and sell these instruments will make them available only to a select group.
I have used these types of instruments for many years as a hedge in my portfolio. I am certainly able, and motivated to understand risks and upsides to leveraged and inverse funds.
UNACCEPTABLE
Please don't take my freedom to hedge and invest with levered instruments.
I like leveraged etf and it gives a bigger return when being used properly.
Las inversiones publicas deben estar disponibles para todo el publico
I know what I am doing. I know and accept the downside risk. The leverage of these securities means I do not need to use expensive margin debt or enter into risky short sales. I am delighted with these products.
Do not impose net worth or testing requirements nor any restrictions as proposed in FINRA Regulatory Notice 22-08. These are ridiculous concepts of regulation that reveal FINRA's utter disregard for the individual investor's education and level of discernment. Discard these proposed regulations permanently.
Limiting leveraged investments for retail investors is another example of cutting the legs out from the little man. It is not what people want, the SEC should work for the people, not against them.
I not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. Leveraged and inverse funds are important to my investment strategies. Leverage and inverse funds, including that they help you protect (hedge) your investments or seek enhanced returns, and I use them as a limited part of my overall portfolio.