Carol Liu Comment On Regulatory Notice 22-08
This is market manipulation and can't be allowed. we will use whatever available vehicle to sue and fight the battle for passing such a rationless decision
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This is market manipulation and can't be allowed. we will use whatever available vehicle to sue and fight the battle for passing such a rationless decision
Comments:I am a long time investor and have used various brokerage houses for my stock portfolio. I have traded both leveraged and inverse ETFs. It has been my experience that major brokerage houses have advised me of the caution that should be taken in trading these Funds. In addition Direxion has excellent tutorials on the use of these Funds. The use of these Funds is no different than the use of margin. Brokerage houses limit the use of both based upon the rules that they have in place and the knowledge level of each customer.
I should be able to buy whatever I want. Freedom to fail.
Comments: we need inverse leverage ! Do not remove leverage ETFs ..very bad idea
I think every investor has right to trade ETFs.
Managing client portfolios, as well as my own, has been greatly improved with my access to inverse and leveraged ETFs provided by Direxion Funds and others. My clients are knowledgable enough and they are aware of the benefits and drawbacks of these types of investments - and the key role they play in a portfolio. Their features like hedging portfolios and enhancing risk-adjusted returns are hallmarks of WHY I use these products. And, these features would NOT be available to my clients if restrictions were placed on accessing these products.
Comments: Do not restrict individual investors from using leveraged and inverse etfs.
Good afternoon!
FINRA are subjective and could lead to unfair or even
discriminatory treatment of investors.
Under the long-standing disclosure-based system, investors have the right to decide which public equities, bonds and funds they want to buy.
Don't giving regulators the power to decide what public
securities you can and cannot invest in. Leave it for investor!
I oppose limiting investors ability to buy inverse and leveraged funds.
I don't appreciate the government regulating how I invest funds, especially when it relegates the more powerful tools only to the wealthy in the name of protecting the poor or middle class. These policies backfire...create a larger economic divide. Yes some people loose what they can't afford, but this kind of policy will make rich/poor gap grow, making things even worse in the long run. Thank you!