These Investments were considered when they came out as just that .. INVESTMENTS . To take them away from traders like me and many others would be SCANDELOUS . Traders that purchase them know Full Well that there is just as much Risk in them as there is by purchasing a Stock like Boeing .
A. Its my right to make choices of my own investments
B. I started buying securities since 1973 . I have enough experience to make investment decisions.
C. The stocks securities I am holding represent own 5% of my total assets
D. I should not be subject to any investment restrictions
Comments: I am a long time investor of L&I products. For 20 years I have used these products to successfully grow my portfolio. In 2008, after having done extensive research on the impending undermining of off balance sheet investments done by banks with mortgage securities, I successfully grew my portfolio, in spite of the professional advice given by traditional brokers. I specifically
Dear Regulators, (FINRA)
I understand my investments and the risk involved in my trads. I should not have to go through any special process before investing in public securities. The fund I am in allows trades for up markets and down markets which allows me to make up my loss if any by shorting different funds. Like today's market, I have been able to make money for my IRA instead of
This rule is a bad rule because it takes away another freedom and choice for us.
I want to be able to choose my investments!
I shouldnt have to go through paperwork and regulations!
I know and understand the risks!
I ve been in the stock melt now for 2 years and I understand a lot about it!
This is supposed to be a free country, That should also be true for investing. We do not need testing imposed on us to invest in public funds. Please do not take away our ability to make money when stocks fall! Did you have to take a test to be a legislator?
Frankly, I find this federal overreach. This regulation would be taking away my ability to hedge long positions in my portfolio with leveraged short positions, thus allowing me to reduce execution costs, margin costs etc. Frankly it also props up the buy side dealers in their offering of more expensive hedging products. These types of ETF's are a simple way to hedge and do not need any
I use leveraged funds to hedge my accounts in volatile markets. They are a particularly efficient and inexpensive way to do that in a short-term way. Regulations make short-selling as a hedge very difficult and cumbersome; the ability to access leveraged ETFs levels the playing field for retail investors who do not use brokers. I understand the risks and decay of the instruments, but those are
This smells like a rat to me. I have seen leveraged ETFS taken away prior to large moves like the Natural Gas ETF UGAZ and USLV right before silver went up. It seems everyone is fine when a vehicle is a one way street to wall street pockets shorting them but as soon as the regular guy has a chance it is taken away. The risks to these are clearly spelled out and no action is required or warranted
my previous submission got out before it was finished. Inverse and leveraged funds provide an essential tool for retail investors to balance and hedge a portfolio at reasonable cost. It is impractical - and in some cases impossible - to effect short sales in a retail broker account. Having a ready tool to be able to reduce the market exposure in a portfolio is an essential part of investing for a
