Stephen Godfrey Comment On Regulatory Notice 22-08
VERY TRADABLE SECURITY I UNDERSTAND THE FUNCTION OF THIS PRODUCT
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VERY TRADABLE SECURITY I UNDERSTAND THE FUNCTION OF THIS PRODUCT
Comments: I strongly feel that the proposal to limit access to Inverse and leveraged ETFs is ill advised. The investors (like me) who understand how these ETFs work and understand the risk, should be allowed to invest and benefit. Personally I review my investments on daily basis. The risk of investing in certain volatile individual stocks is lot more than investing Inverse and leveraged ETFs. The risk is even more in investing in Options. FINRA should put more effort in education of investors in these instruments. As far as complexity is concerned, option investing is lot more complex.
Comments:leave well enough along
Comments: I'm an independent trader with about 3 years experience and as a trader or investor it's your job to educate yourself on the products/equities that you're using and it IS NOT THE JOB OF THE GOVERNMENT OF ANY AGENCY TO PROTECT PEOPLE FROM THEMSELVES.
Comments: I am a long time investor of L&I products. For 20 years I have used these products to successfully grow my portfolio. In 2008, after having done extensive research on the impending undermining of off balance sheet investments done by banks with mortgage securities, I successfully grew my portfolio, in spite of the professional advice given by traditional brokers. I specifically used an inverse, leveraged etf to do this.
Comments: Investors completely understand products such as leveraged and inverse ETFs. The products require no further regulation FINRA!!!
My primary concern with this notice is the following statement: "whether the current regulatory framework, which was adopted at a time when the majority of individuals accessed financial products through financial professionals, rather than through self-directed platforms, is appropriately tailored to address current concerns raised by complex products and options." The concern is that this will inhibit those of us that have the ability to research and understand the complexity of these investment opportunities and instead create barriers to retail investor wealth - 1) through the ability t
Please DO NOT prevent retail investors from investing/using leveraged or inverse ETFs. If some people are idiots and don't know what they are doing, that is THEIR problem. They should educate themselves and learn about futures, contango and decay. Do not punish educated retail investors using these ETFs to hedge against volatility. Thank you. Regards, Eric
PLEASE PLEASE keep leveraged ETFS!! They have helped me so much - especially during the last downturn in the market.