| FINRA.org Skip to main content

Jordan Samuel Comment On Regulatory Notice 22-08

Putting a capital requirement on freely trading leveraged etfs just adds another barrier to entry for lower income people to enter the stock market. All brokers already clearly state the risks when people trade these products so everyone should be able to determine for themselves whether its right for them. The stock market shouldnt just be a playground for the wealthy it should be for everyone.

William Porter Comment On Regulatory Notice 22-08

Inverse funds serve an essential purpose as a hedge against severe market downturns. During the 2008-2009 crisis I lamented the fact that absolutely NOTHING in my investment portfolio increased in value. I urgently sought funds from other sources so as to be able to scoop up bargain stocks in which to invest at rock-bottom prices. After this debacle, I decided that it would be prudent to invest a small portion of my portfolio in an inverse fund to serve as a sort of portfolio insurance.

Keir Majarrez Comment On Regulatory Notice 22-08

Comments: Dear FINRA, I fully understand the composition and risks associated with complex leveraged funds. They are short term in nature and utilize complex derivatives, mostly swaps which may or may not be regulated by public markets. They are an excellent way of maximizing short-term returns when identifying a correct short-term trend in a particular market sector. After voicing concern many years ago about the impact of potentially having private derivatives affecting public companies, my concerns were ignored by both the SEC and PCAOB at the time.