Michael Harrington Comment On Regulatory Notice 22-08
I enjoy investing in some of the leveraged ETF. I am aware of its risks as well as its benefits
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I enjoy investing in some of the leveraged ETF. I am aware of its risks as well as its benefits
I do not believe the Federal Government should dictate suitability of investments, whether leveraged or not. I am more than capable of determining whether an investment is suitable for me or not. In addition, leveraged and inverse funds can be a useful hedge for portfolios- that is certainly how I view mine.
I against this proposal!
To Whom It May Concern:
Please allow me to continue to make informed choices on what investments are best for me and my family. Leveraged and inverse funds are important to my investment strategy. These funds allow me protect my investments and seek enhanced returns. I use them as a limited part of my overall portfolio.
I'm a 26 year industry veteran with over a decade on the retail side, over a decade on the institutional side w/corp fin, syndicate, corporate buyback experience - we literally wrote the 10b-5-1 plans with out attorneys back before they became popular.
I literally left the confines of traditional Wall Street for their inability to manage risk and the handcuffs they strap on advisors in not allowing them to manage risk properly. Outside of short positions, there are few asset classes which have posted positive returns to date.
Each individual has the right to make their decisions on what the purchase. Risk are always there for transactions made.
Let me freely invest in leveraged products. I am an able investor and freedom is the hallmark of a functioning market.
It is imperative that America maintains a free and open market for investments of all types. Regulations are to insure fairness in the market, not a strangle hold on freedom of choice. It is important for FINRA to publish articles and guidance to those people interested in investing in certain public securities. Education is the fundamental job of government outlining the risks and rewards of certain investment choices. Putting hurdles in the free market under the guise of protecting people from themselves is not the way to go.
Leave it as it is! Stay away from us!!!
Please let investors decide.