I find it very concerning that FINRA is proposing to interfere in my usage of leveraged or inverse funds and ETFs. My investment firm's websites already give me ample warning about my risks using these investments, and they do it every time I consider making such a purchase. So your heavily burdensome proposed requirements would only be an unnecessary intrusion into my process of investing. In addition it would be an undesirable government intrusion into my personal finances.
If you are concerned about unwary investors you could accomplish a whole lot more by shutting down Robinhood.
You should instead leave knowledgeable investors like myself to prudently manage these special financial instruments as supplementary investments to hedge our main investments, free of burdensome government intrusion and interventions. My investment firm does a darn good job of alerting me about multiple concerns and risks, and in some cases has its own requirements for me to proceed with riskier investments.
Please step back from this unnecessary interference.
John Spare Comment On Regulatory Notice 22-08
I find it very concerning that FINRA is proposing to interfere in my usage of leveraged or inverse funds and ETFs. My investment firm's websites already give me ample warning about my risks using these investments, and they do it every time I consider making such a purchase. So your heavily burdensome proposed requirements would only be an unnecessary intrusion into my process of investing. In addition it would be an undesirable government intrusion into my personal finances.
If you are concerned about unwary investors you could accomplish a whole lot more by shutting down Robinhood.
You should instead leave knowledgeable investors like myself to prudently manage these special financial instruments as supplementary investments to hedge our main investments, free of burdensome government intrusion and interventions. My investment firm does a darn good job of alerting me about multiple concerns and risks, and in some cases has its own requirements for me to proceed with riskier investments.
Please step back from this unnecessary interference.