Don Rice Comment On Regulatory Notice 22-08
DO NOT CHANGE present rules/regulations regarding leveraged and/or inverse funds!!!!!!!!!!!!!!!!!!!!!!!!! (This notice is being supplied by me May 3, 2022.)
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DO NOT CHANGE present rules/regulations regarding leveraged and/or inverse funds!!!!!!!!!!!!!!!!!!!!!!!!! (This notice is being supplied by me May 3, 2022.)
I strongly disagree with any restrictions on any investment options available to me. My investment evolutionary tract should not be reduced by you just because there are those who have invested poorly or may do so in the future. I do not need further protections from myself nor do I need you to put more obstacles in my way. I already have to consent to my knowledge of inverse investment options before I can purchase them. I understand the reason for that safeguard, but that is as far as I think it should go.
Let us make our own decisions what to do with our money. We are could research and make educated investment choices without regulator looking over our shoulder. Financial firms already has number of disclosures for every type of the investments...
Hello FINRA,
I oppose the proposed restrictions on my rights to invest. While I appreciate your concern for the safety of my investments, I am fully aware of the risks involved when purchasing leveraged or inverse funds.
Leverage is a useful financial tool used by almost every financial institute in America, and I don't see any reason why I should be barred from using it.
I'd like to share my comments concerning your contemplation of requiring certain restrictions, limitations and/or abolition of certain inverse, levered investment products. I have been using both of these types of products for years and feel they are important tools that individuals, like myself, can utilize to manage our financial assets in the stock markets. Both these tools, when properly used like hedges, can lessen volatility in my asset's price performance, and protect from extreme selloffs like March 2020.
I am an investor that should be able to invest in products of my choosing. I review the products, understand the risks and can make my own decisions. Please do not restrict access to inverse funds or leveraged products. These are a effective tools to mange risk and hedge equities exposure. The public should have access to these tools.
You 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.
It is very important that you express your views in your own
wordsyour comments are more likely to be taken seriously
by FINRA if they reflect your own experience and perspective.
Not only do you have the right to share your views,
but the regulators are required to take your comments into
Current regs and brokerage notifications are adequate for protection of retail investors using inverse and leveraged funds. These types of funds are straight forward and valuable additions for asset allocation, especially for down market protection. There is no need or justification for stricter controls on these investment options and certainly no reason to outlaw these funds.
Dear FINRA Regulators:
I use Public Investments as a tool to build my financial future and that of my family. As an investor I want to have all options available to me and they should be available to others too, at any time, with no restrictions whatsoever. I want to have the right to choose freely what Public Investments to use in my portafolio and assume full responsibility for my investment decisions, since no one but me knows better what is best for me and my family.
As a retail trader, levered and inverse funds make it easier to allocate less capital to execute trades which has been very beneficial. Additionally it allows for a simpler way to get exposure to the options market. There are plenty of disclaimers and agreements before one can purchase those instruments so there's no reason to get rid of them other than to limit the abilities of the retail trader.