I believe that most people who do choose to invest in these funds are aware of the risks and do their own homework before they start investing. While I do believe that offering education on the risks, as well as risk mitigation strategies, would be beneficial for traders, I do not believe that extra layers of bureaucracy and testing will create better or safer traders, and will simply reduce the
Dear FINRA,
While it is understandable that you have the interest of investors on mind, it is not fair to restrict investment opportunities to accredited investors and high net worth individuals. This will end up in rich getting richer and poor staying poor. Retail investors do educate themselves before picking investments whether stocks ETFs or leveraged products. Definitely better than gambling
There are many securities that are highly volatile. People legally invest in penny stocks and crypto currency. Why were these ETFs singled out? They serve a real purpose. I have used them personally to address or hedge broad market positions and commodity positions. I think it is up to the investor and their advisors to select appropriate investments.
I suspect more harm has been done to
As an investor it's my responsibility to understand what I am investing in. Regulators shouldn't restrict the people's right to invest in stocks or funds and they definitely shouldn't put a requirement that you need a "high net worth". Why should individuals who do their research have to jump through hoops in order to invest because someone
I have invested in TQQQ. I found the investment is fair and just for individual investors who is willing to take the risk and reward as in every investment. I am an individual investor. I started investing in stocks more than 30 years ago. I found TQQQ is the best investment among all the ETFs as far as I know. I can understand the leverage without anyone tell me the risk and rewards. The cost is
As a long time investor in stocks, bonds and other maybe "complex" investments, I strongly disapprove and oppose FINRA's proposed and potential denial of my freedom to choose what investments I deem appropriate for my financial needs. I and my family do not want your capricious and arbitrary definitions, criteria or tests inflicted on us before we can freely invest as
If you propose to regulate Leveraged and Inverse funds to the general public don't allow just the wealthy few to have access to this type of investment . Since they pose risks outside a normal stock or mutual fund maybe a person should have to read and sign a Letter of Understanding before investing. I invest in TQQQ and I can see sharp gains and steep drops in my account. So I know the
Although I understand the intent to help prevent some investors from losing everything, but it is imperative that investors have options and choices. Levered funds enable an investor with high conviction about a direction and a sector to make outsized gains. If you take it away they will be forced to consider other alternatives. The last thing you want is a seriously uninformed investor
I'm investing in these index funds over 15 years. using the inverse funds to hedge my portfolio. These funds are mkt index funds; and I don't need analyses of individual stocks, to invest in them. These funds are very important part of my investment strategies, and I would like to have the opportunity to continue use them in the future. I'm a well informed investor, in these
In a free country I should be free to invest my money the way I see fit, not the way the government wants me to invest. I have done very well in leveraged and inverse funds. Markets go down as well as up and you can beat the market without the risk of individual stocks by using leveraged funds. The government has already taken far too many of our rights away in an effort to cater to powerful
