To FINRA: The last thing we need in America is another NGO telling me I can or can't do what anyone outside the U.S. can do - purchase shares of companies or funds that meet my investment strategy. Yes, there is enhanced risk with leveraged and inverse strategies, but it is an important and lucrative (if I've done my study accurately) part of building my portfolio. If you want some sort of regulation or law, do what we individual investors have to do - write your Congressmen and request a law be enacted! I'll be right behind you explaining to my Congressmen why such a law or regulation is downright un-American (as in, one more swipe at our inalienable rights).
Kevan Prati Comment On Regulatory Notice 22-08
To FINRA: The last thing we need in America is another NGO telling me I can or can't do what anyone outside the U.S. can do - purchase shares of companies or funds that meet my investment strategy. Yes, there is enhanced risk with leveraged and inverse strategies, but it is an important and lucrative (if I've done my study accurately) part of building my portfolio. If you want some sort of regulation or law, do what we individual investors have to do - write your Congressmen and request a law be enacted! I'll be right behind you explaining to my Congressmen why such a law or regulation is downright un-American (as in, one more swipe at our inalienable rights).