Roger Bolden Comment On Regulatory Notice 22-08
Schwab has a detailed descriptions of these funds that you have to read and agree to, and I fully understand the risks. For this reason, they should not be restricted.
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Schwab has a detailed descriptions of these funds that you have to read and agree to, and I fully understand the risks. For this reason, they should not be restricted.
I have been investing in inverse funds for years. I am well versed in their advantages and risks. I take full responsibility for my investment choices and believe I should have the choice to invest in what I want. After researching inverse funds years ago I have been integrating them in my overall investment objective. Why should I not have the same advantages as managed accounts get when I am educated and take responsibility for my choices. Since when did investment vehicles feel the need to protect the buyer from their poor choices?
I am fully aware of the risks of these investments. I should be able to decide how I invest my money, not you. You are attempting to infringe upon the rights of citizens by your proposed actions. Stop!
To Whom it May Concern, The Government should not impede investors from investing in any vehicles or securities they desire to invest in. I personally utilize leveraged ETF products when appropriate. Do not eliminate a tool that could allow us to assist clients and their families with successful retirements as a result. Please FINRA do not overreach in this regard as government 'trying to help' only causes more problems for it's citizens.
I am vehemently opposed to limiting current investment vehicles. Better attention to be paid to existing companies who are not reporting accurately (ex: Twitter and TSLA). Anyone using leveraged ETF's are educated enough to understand potential risks. The same for any listed stock on any exchange.
I oppose to restrict the rights to invest proshares.
No restrictions
I've recently become aware that FINRA is considering implementing restrictions on my ability to invest in leveraged ETFs and/or inverse ETFs. I want to advise you of my opposition to these measures as being unnecessary. I am fully aware of the risks involved as they are already highlighted by my brokerage firm and disclosed by the funds in the prospectus.
Stop trying to limit investment options for individual investors! There is absolutely no good reason for this recent push to regulate inverse and leveraged ETFs. If people/hedge funds can use leverage and short markets in other ways then why not via ETF?! Unless for some reason you don't want individuals to have a convenient option to short or use leverage?? Bizarre use of your time. -Sean