Jeffrey Mischel Comment On Regulatory Notice 22-08
Comments:I have been trading leveraged ETF's for years and do not want to see any additional restrictions put on these securities. Stop trying to fix something that is not broken.
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Comments:I have been trading leveraged ETF's for years and do not want to see any additional restrictions put on these securities. Stop trying to fix something that is not broken.
Comments: Active investors are fully aware of the advantages and disadvantages of the instruments they invest in - most seek advice or read up on how they function. Exchange Traded Funds (ETFs) are by no means, whether regular or inverse, complicated in how they move with the indices or stocks they hold. The calculation of leveraged funds is complex; however, investors fully understand how they move with the underlying markets. Regulation might assist in protection from the asset's value being disproportionate to market moves.
VANGUARD STOPPED LEVERAGED ETF IN 2019 SO HAVE TO BEEN A HOLD INVESTOR OF SHARE I HAD OWN AT THAT TIME AT THE TIME PURCHASE SPXL WAS LESS 3% OF MY NET WEALTH SENSE DAY OF PURCHASE SPXL IS UP ABOUT 153 % SPY IS ONLY UP 59% BETTER OFF INVESTING 19000.00 SPXL THAN 57000.00 IN SPY IN DOLLAR GAINS
Comments: I have been using these type of accounts for awhile now. If used sparingly and watch closely they can enhance your porfolio. There is inherent risk, but that is with everything. These don't really move any different than any index funds. They allow you the flexibility and protection at times of turbulence in the markets. I would never suggest anyone putting a large percentage into any one stock or even index. So, use it to add to your portfolio don't make them your portfolio. That's exactly what Direxion says as well.
Comments: FINRA should stop trying to prop up the stock market and keep its nose out of retail trading. They are just trying to prop up what will be a dying stock market to protect all of the institutional investors. I urge them to back off and make no further changes to freedoms in the market. Let the market be open and free with no further interference.
I urgently oppose this rule that would severely limit my investment options.
Comments: Do not limit access to leveraged and Inverse ETFs. Rather you may encourage vendors to provide very specific illustrations showing exactly how and when to use Leveraged and Inverse ETFs.
Comments: I think it's insulting to think investors can't fathom the simple idea of leveraged investing. Leave the American public the freedom to invest as they please.
Comments:very familiar with products And have complete the Schwab acknowledgement for trading these products
Dear FINRA Policy Makers: ETFs and complex inverse and leveraged ETFs have now been around for almost two decades. Why do you want to make "enhancements" that are actually are in fact "detractions" for individual investors and put them BACK into a position of not having access to ways to protect their portfolios, use hedging strategies without having significant amount of knowledge of various options strategies, and actually use LESS dollars to have an overweight position in a particular market, sector or strategy?