Robert Killion Comment On Regulatory Notice 22-08
public investments should be available to everyone
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public investments should be available to everyone
The use of this these leveraged products has allowed my account to have excellent returns over the last many years from 2008 until now. I have only used the upside 2X leverage products and received very large returns, 1500% to 3500 % returns from 2008 through 12/31/2021. Yes there is high risk in these products unless they are used properly. So, what is proper use. If the products are only used when the markets or sectors are down 15-40% or more, the odds of the upside become much greater.
Response to the Financial Industry Regulatory Authority (FINRA) proposed rules on leveraged ETFs Leveraged ETFs may be volatile but it is not more volatile than many individual securities. In addition to uncertainties with individual stocks, Investors are able to allocate the use of leveraged ETFs to diverse their assets to fit their risk tolerance against the effects of a volatile and uncertain market. . Placing restrictive rules on leveraged ETFs makes no more sense than putting rules on individual securities that are as volatile or more volatile than leveraged ETFs.
Please do not impose restrictions/regulations on retail traders to invest in the market.
Using inverse ETF's is easier for me to follow than going short.
Once again the freedoms afford by this great nation is being stripped away by those who think they have the right to tell me what to do with money I have earned through my efforts. I believe FINRA should leave things as they are, so people can make their own financial decisions.
I oppose restrictions to invest in leveraged and inverse funds and ETFs. I have an MBA in finance and understand how the inverse and leveraged fumnds work. Inverse funds are an important part of my investment process when the market is trending down. I use leveraged funds in strong uptrends and in strong downtrends. I am currently using leveraged inverse funds as a hedge to my long investments.
I love the charts that the leveraged etfs provide. It gives a clear picture of contango costs that futures and options can cause on returns. The leveraged etfs provide a chart of the positives of only 33% leveraged. Futures are 5 to 1 on the SP 500 and out of the money options are super high. All investors need to be in etfs and zero mutual/hedge funds. A small percentage of a portfolio should be allocated to a leveraged SP 500 etf for any alpha of SP 500 monthly payments.
I am totally against these measures. They prevent us from getting ahead.
There should be no restrictions to my ability to protect my investments by buying leveraged or inverse funds. If the market collapses (or rather WHEN it does )the inverse funds will at least give me a viable amount of recovery.