Frank Bellini Comment On Regulatory Notice 22-08
Use of leverage and leveraged ETFs to trade stocks is my business NOT the governments.
Stay out of my accounts!!
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Use of leverage and leveraged ETFs to trade stocks is my business NOT the governments.
Stay out of my accounts!!
I dont want to lose my right to buy leverage shares
Regulators have no place to seek a product too complex for investors when the regulators have messed everything up. It is our right to use our money how we see fit and it is our risk to take contrary to what you control freaks think.
In my opinion, leveraged and inverse funds are much more straight-forward than options. It's a trading strategy that I feel makes a lot of sense and should remain an option.
All investors understand that these funds are investing in options in the associated index and that there will be decay over time.
Who [REDACTED] is the government when it comes to an individual who wants to spend his or her money. If a person is able to buy stock they should be able to make their own choices and decisions. Where does the government get off making decisions for the people. The government is a big woke joke. They have gotten the taxpayers into more problems then they know how to get out of. The government needs to fold its hand and let people make their own decisions. The governments plan is "plan to fail i.e. fail to plan". RT
This is the most rediculous proposal I've heard in a long time. Inverse funds allows investors to stay in turbulent markets. Does FINRA believe passing a test makes you a better investor? Answer: NO. Without these products, individual investor choices become; exit the market, short stocks/ETFs, or options. If FINRA takes the proposed action, they will make lemmings out of the average investors like me
Regarding your considered regulation, I strongly oppose having index and reverse index ETFs having anything to do with it.
While I see some merit in making sure retail investors fully understand risks before directly trading on margin or shorting a stock, the proposal to restrict index/reverse index ETF investors is completely meritless; theres no specialized knowledge required to let the ETFs manager handle the complexities of tracking markets direction.
Dear FINRA,
Please do not remove my right to purchase leveraged ETFs. The general public should not be required to have special privileges to have access to these financial instruments. Although these are complex trading instruments, they pose no more risk than many other securities that already available to retail investors.
Please do not assume investors need a nanny state to tell them what they can or can't understand or invest in. These additional regulations are unnecessary and onerous.
I strongly oppose any restrictions to my right to invest in any funds that I want to invest in based on my own decisions.