Rongqing Luo Comment On Regulatory Notice 22-08
It could potentially deny me the freedom to choose investments that could help me achieve long-term financial security.
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It could potentially deny me the freedom to choose investments that could help me achieve long-term financial security.
All investments contain risk. Leveraged index instruments in particular do not carry any higher risks, say, than pre-revenue stocks or stocks that generate negative earnings. Even blue-chip and/or trusted companies can rarely be held forever (e.g. NFLX).
FINRA: either impose these draconian measures on all these investments or leave then all alone.
It could potentially deny me the freedom to choose investments that could help me achieve long-term financial security.
This is an absolute infringement on my right to an American dream! The regulatory system in this country has gotten completely out of control! I choose to use these securities to hedge long postions. This will NOT help anyone achieve freedom. You are literally regulating the wealth gap larger.
We, retail investors, should have the freedom to choose the right public investment tools. Some people's losses should not limit other people's usage, and our ordinary investors should not be punished accordingly. Also, we understand the leveraged and inverse funds and their risks. There are lots of publicly available materials online and disclosures. After all, if one invests in something he/she does not understand, then even the investment in normal unleveraged stocks or ETFs can lose money, and it has nothing to do with leverage or inverse.
Please do now impose on our/my ability to use leverged and/or inverse funds. These play important role in my investment strategies and some of us are unable to trade futures, so they are the only entity we have to trade in a leveraged fashion. I understand the risk involved and a believe that most that do trade inverse and leveraged funds also have that understanding. I'm sure some don't, but that is just foolish and we shouldn't limit the many that do because of a few that don't.
Please do not pass this as it can help not only me but my friends that are in a lower case to build wealth for themselves!!
I use leveraged funds to give a little spark to my otherwise strictly dividend portfolio. Always less than 5% of portfolio value. I also use them for short periods to enhance returns on a sector that is in current demand. They are always used in small proportion and for short periods of time.
Been using them for years. I like them and believe I should have the choice to use them. Let the buyer beware!
I should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.
This is a joke, stop trying to control what people do.