Don Malmstrom Comment On Regulatory Notice 22-08
This is my absolute support for the fact that I, not the government, will decide public investments right for me!
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.
This is my absolute support for the fact that I, not the government, will decide public investments right for me!
Comments: As a small investor, I have found the Leveraged EFTs to be an excellent investment. I have invested in these EFTs since 2014. The price value of the funds have performed exactly as they were intended. Although I currently do not own any of these funds, I would like to be able to purchase them again when market conditions improve.
1. People work hard to avoid risk they don't understand.
2. The ability to buy contra ETFs is vitally important when
markets fall.
3. Where in law does it give you the right to tell investors what
they should/should not invest their money?
4. We, the people of the US do not trust you to serve the best
interests of the common citizen as you have proven
constantly before!
Hello, I am writing to oppose restrictions on leveraged index funds. I invest in leveraged index funds. I know that leverage entails greater risk. However, I feel that it is important for investors like me to be able to make our own decisions regarding these instruments. Personally, I look at the past performance of the fund and the index before making my decision. I also consider my own risk tolerance. Ive been investing since I was 9 and Im almost 20. So, I have the benefit of experience in the market, education about the market and financial instruments, and a greater risk tolerance.
.
Under the regulations being considered by the Financial Industry Regulatory Authority (FINRA),
you may not be able to buy leveraged and inverse funds and dozens of other popular
investments deemed to be complex unless you:
Pass a regulator-imposed test of your specialized investment knowledge
Demonstrate a high net worth
Get special approval from your broker
Attest to reading certain materials
Go through cooling off periods during which you cant invest
TELL REGULATORS:
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I do not believe that it is a good idea for equaiity to reduce or limit access to leveraged funds to anyone. Leveraged funds can help the underprivelaged and by regulating them further they might not know that the vehicles exist. Requiring a certain amount of net worth or potentially expensive or time-consuming tests is just plain wrong. Regulation could also cause these funds to crash, making them more volatile than they already are, which is the opposite of what regulation is supposed to achieve.
it is very critical for me to use the leveraged and inverse funds to protest and balance my long term investment.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
Please let the free market decide the price without manipulation. Investors should have the freedom and flexibility to invest without restrictions