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Comments: I invest for the long term. The leveraged products I invest in are very volatile, but they have shown themselves to be super performers for over a ten year span. I can easily withstand the volatility. Please do not limit my access to these types of funds.
Comments:IF it ins't broke don't fix it. I am 77 and invest solely in inverse leveraged ETFS. What are the alternatives? Puts where I can lose all my money in a matter of hours or a short sale where I face unlimited losses?If I can't invest in inverse leveraged ETFS, then no one should and you can just make them extinct. My guess is Wall Street has a poor record of recommendations for inverse ETFS. Maybe you should bar them as well? Don't you have something more important to do with your time? PRH
Individual investors do NOT need additional protections on complex products. Brokers offer sufficient warnings on these products. Additionally, FINRA and the SEC provide educational resources for individual investors regarding complex products. It is the responsibility of individual investors to educate themselves and manage risk appropriately. FINRA can't protect an individual investor who refuses to read a prospectus and consider existing broker warnings. Please do NOT add restrictions on complex products. Thank you.
I have been investing since 1969. During that time, I have made many mistakes, some quite costly, but from each of them, I’ve learned something. I’ve never learned anything by being right. If regulation such as you are now proposing had been in effect then, I would have been prohibited from making the choices that taught me to be a better investor. People are not protected by this kind of paternalistic regulation. Rather, growth and learning opportunities are denied them.
FINRA Board, This is a major regulatory overreach. I would hope that this rule regarding individual investors' access to "complex" investments was proposed with the best of intentions - to protect investors from tking on unnecessary risk. But it is not up to you to determine the level of risk that an individual investor is willing to take on - it is up to the investor, and the investor ALONE. An American citizen has the right to take on risk for the potential of high reward. A body of unelected officials has no authority to limit that right.
