Stephenie Knox Comment On Regulatory Notice 22-08
How about we offer this test to students in Highschool as a term test. Public really should have the same access as you.
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How about we offer this test to students in Highschool as a term test. Public really should have the same access as you.
This is an unAmerican and classist proposal. All Americans should have the freedom to invest as they see fit, not just the privileged alredy wealthy few. A test is ludicrous. Do not impose this regulation on the backs of the American public.
As an active investor of 45 years I am capable of directing my own investment decisions as best fits my objectives at the time. Leveraged investments play an important part in my overall investment strategy and I would oppose any regulation that hinders, cripples or burdens my right and freedom to make my own investment choice on the use of leveraged and inverse funds.
Why do you not include knowledge of technicals in your list of potential requisites? Technicals are universal and are the primary guide to market moves. News and fundamentals are short-lived and correct quickly whereas technicals are the GPS of the marketplace. Indispensable.
Dear FINRA,
Public investments should be available to all of the public NOT just the PRIVILEDGED. I should be able to choose the public investments that are right for me.
I am very capable of understanding investments and the risk. I shouldn't have to go through any special process of test taking before investing in leveraged and inverse funds. I have done my own research and are very capable of understanding leveraged and inverse funds and their risks.
I oppose big government restrictions to my right and ability to invest in ETFs. I should not be required by big government to take a test or satisfy other unnecessary requirements before I invest. I have been investing in leveraged ETFs for more than 13 years and am extremely happy with my results and my returns. I don't need government to tell me how to invest in leveraged ETFs.
I am a 57 year old investor that has traded / invested in different asset classes including equites, option and futures. I think the leverage / inverse funds are a valuable tool to be used by investors / traders and should continue to be available to the public without restrictions.
This is unconscionable and elitist. People should have the ability to choose their own investments without such interference.
Any restrictions on the investment opportunities of retail investors are fundamentally misguided. Though an increase in due diligence might be helpful in guaranteeing brokers do not offer inappropriate investment advice to their under-informed clients (which is already disallowed), anyone who is willing to read the prospectuses and understand the products they are investing in should be absolutely free to invest in any way they would like, without regards to any holding period restrictions or the like.
Comments: I am strongly against limited access to leveraged and inverse ETF's. They are not in any way conceptually confusing and they are always accompanied by significant disclaimers describing their short term nature and the extra volatility expected. Limiting access to these products would decrease my ability to effectively manage the risk in my portfolio, especially on the short side. Inverse ETF's make it far easier to evaluate my short exposure than the traditional shorting in my investment account. Please maintain access to these important products. Thank you!