Comments: I STRONGLY urge FINRA to continue to allow investors and professional advisors to recommend and to be able to purchase for clients Leveraged and Inverse ETFs and all currently existing complex products of that type. To NOT allow these products causes more HARM than benefit to clients and investors as it removes options that currently exist. There are very few options that the retail investor and advisor can implement to portfolios to protect AGAINST downside risk. Please do NOT remove one of these few options that exist which allow investors and advisors to be able to protect their portfolios. Rather than blindly abolish products, FINRA can instead require that advisors and clients agree to a signed form in which they understand the risks inherent in Leveraged and Inverse products.
Ronald Matsui Comment On Regulatory Notice 22-08
Comments: I STRONGLY urge FINRA to continue to allow investors and professional advisors to recommend and to be able to purchase for clients Leveraged and Inverse ETFs and all currently existing complex products of that type. To NOT allow these products causes more HARM than benefit to clients and investors as it removes options that currently exist. There are very few options that the retail investor and advisor can implement to portfolios to protect AGAINST downside risk. Please do NOT remove one of these few options that exist which allow investors and advisors to be able to protect their portfolios. Rather than blindly abolish products, FINRA can instead require that advisors and clients agree to a signed form in which they understand the risks inherent in Leveraged and Inverse products.