Hello, I wish to keep the ability to use leveraged and inverse ETFs in my trading. I use these to protect my account. For example, I use the 2x leveraged inverse treasury ETF (symbol TBT) to protect bond holdings in my portfolio as interest rates rise. I have used inverse Nasdaq 100 leveraged ETF (symbol SQQQ) to protect my holdings in technology stocks when the market enters a down trend.
To apply these additional burdens to investors is absurd.
Why only allow the wealthy elites of society access to leveraged products?
Is FINRA my nanny? Can I not decide what risk is appropriate for my own family? Does one need to be so highly enlightened to understand levered products?
Will you start saying that Growth stocks are too risky and limit my ability to invest in them too? If not, why
Please do not limit people from buying these types of funds. Investors should be able to invest how they choose with their money, we understand the risks. This would allow only rich hedge funds to invest in these funds and would be very harmful to retail and normal investors. Please do not restrict the access to these tools. Investors already have to agree to the risks when they open an account
I oppose further regulations to public investing. It is my humble opinion that instead of trying to implement radical and unprecedented regulations to restrict public trading that you focus your time and energy on educating the general public. I believe the regulations proposed by Rule #22-08 will help continue the current trend of the rich getting richer and the poor getting poorer. I have been
I'm appalled to hear that regulators want to restrict access to these investment products. Why is it that all of a sudden they are considered with complexity and investor protection when they weren't before. Do they fear that there isn't enough liquidity in the market to support the potential valuation of these products as the stock market continues to be volatile and
We should be able to choose the public
investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
We shouldn't have to go through any special process
like passing a test before you can invest in public securities, like leveraged and inverse funds.
I use leverage funds as small part of my
Once again regulators believe we are too dumb to use necessary products in which to grow our worth. Please provide data that confirms your belief that the products we use are too "Complex". I believe that Cryptos, legal gambling and other forms of memes and schemes pose a far greater threat than established inverse and leveraged funds. What are you doing about those?
It has come to my attention that FINRA is considering further regulating certain leveraged and inverse ETF funds by placing additional requirements on who may trade them. As someone who has traded in stocks, bonds, mutual funds and ETFs for nearly 30 years for my own portfolio and 3 years as a Series 6 and 63 Registered Representative, I oppose such a restrictive move as a dangerous overreach by
This spring I have been buying Puts on the TLT which is a triple leveraged product on the 20 year treasuries. I have also been buying out right the TBT which is the triple leveraged inverse of the 20 year treasuries. After watching my balances rise I started tracking the increase in my stock portfolio. On 4/9/2022 my balance was $57,497.57 on 4/15/2022 it was $59,457.61 on 4/22/2022 it was $59
Dear FINRA,
Regarding the restriction of funds I can invest in, particularly leveraged and inverse funds, I believe I should be able to decide what I invest in and where my money goes not FINRA. These funds are not complicated to understand and should be available to everyone, not just those with lots of money. I use these as PART of my investment portfolio to help me hedge other investments
