Phyllis Shetty Comment On Regulatory Notice 22-08
I see no reason for educated consumers to be restricted in buying any investments they want. In fact these restrictions inversely affect my investment returns. So keeps your hands off
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I see no reason for educated consumers to be restricted in buying any investments they want. In fact these restrictions inversely affect my investment returns. So keeps your hands off
Please DO NOT remove any of my current investment options, including leveraged ETFs. Many consumers are preeminently qualified to understand and consider all types of investments. Currently there are safeguards in place to make sure people are able to make decisions about certain types of investments. In my case I am Series 6, 7, 63, and 65 licensed and fully understand the risks of leveraged investments and options, but I believe there are sufficent warnings and information available that anyone should be able to invest in these products. Please do not overreach here.
Dear Sir or Madam:
I strongly oppose the idea to prevent people from trading leveraged ETFs, such as TQQQ, FNGU.
Please read the research paper "Leverage for the Long Run - A Systematic Approach to Managing Risk and Magnifying Returns in Stocks", which can be found over Internet. That paper researched data from 1928-2015, and found that: although in a max drawdown, the S&P 500 could drop -86% and a leveraged S&P 3X could even drop -99.9%, but the S&P 3X has overall annual return almost double that of S&P 500.
Thank you for your concern (FINRA) but please allow grown adults to make and lose money without Over Protecting us. They have Prespectuses which are routinely sent to investors. If we do not read them it is our own fault. Warning labels are attached all tthe various medications that we purchase. If we do not read and heed those warnings it is our own fault. Thank you, Richard Di Lorenzo
Hello FINRA,
I know what products to invest in. Please do not impose these requirements and restrictions in the market.
Stop trying to "protect" retail investors from themselves. We don't need your protection. We make our own decisions. You are just making the playing field uneven. I am fully educated in the risks of my own actions and spend many hours researching, running simulations and learning and I am satisfied with my own risk tolerances.
To whom it may concern,
Limiting the ability of small portafolio investors in self directed accounts is unacceptable. This is a great tool for younger investors who want to leverage 10%-20% of their portafolios with a riskier strategy than older investors. Even though the idea is to protect investors this would actually make the playing field worse as it would force us, investors with self directed accounts with 0 fees to open accounts with traditional brokers who charge immense fees that our portafolios cant afford in order to access these types of products.
I am understanding the risk and done with conservative approach.
I'm responsible for my own investment decisions. I don't need any help from the government. Please stay out of my business.
I not regulators 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.
I shouldn't have to go through any special process
like passing a test before you can invest in public securities, like leveraged and inverse funds. I am
capable of understanding leveraged and inverse funds
and their risks. I do not need these measures imposed.