To who it may concern,
I oppose restrictions on investing in these investment vehicles as they are far less risky then investing in individual stocks, options, futures, and cryptocurrencies. I invest in many of these regularly and have reduced my risk considerably. If you restrict these in a way that I could not use them then you are accomplishing the opposite of your goal.
I use leveraged ETFs to hedge a portfolio of stocks owned by my parents. In addition, I trade them for my smaller personal account because I am too fearful to trade futures, and futures options are overly expensive. These ETFs are very useful and I hope you do not place nay restrictions on them.
I need to access commodity funds, emerging market funds, and cryptocurrency funds as the alternative investment in my IRA account. These investment vehicles have been working so well in the downtrend of the stock market. In such a high inflation rate environment, these alternative funds are the critical investment opportunity in the long-term investment strategy.
I oppose restrictions on your right to invest in public investments. What makes US stock market so great is our ability to freely invest in an investment script. While I agree for certain regulation to avoid fraudulent schemes and normal up-keep of market health, this regulation removes the common right to invest.
Implementation of #S7-24-15 will adversely affect my ability to strategically leverage and use inverse funds to hedge against losses on my stock accounts. I should be free to make the public investments need to protect my family's assets without regulatory interference. Please do not remove another freedom!
Pro shares are the only way to amplify gains for young investors who dont have options permissions. Without them young investors like myself will have to switch to a platform like Robinhood to amplify gains while not being told Im too young to invest in leveraged stocks or options.
I teach ETFs, both leveraged and un-leveraged ETFs to 13 year olds. They understand them very easily. All one has to do is to search what the ETF is composed of on a site like ETFDB.com or any other website. The ETF leverage is often also stated in the name of the stock next to the ticker.
Dear FINRA, Please oppose restrictions to my right to invest in products which will protect my capital. The freedom to invest is paramount for investors to be treated equally and fairly in all products. The adoption of unfair rules will harm American stock market investors. Please stop this illegal adoption of new rules.
Comments on Pattern Day Trader RequirementsA lot has changed since the day trading rule went into effect. Settlement is now one business day, commissions have gone to zero at many firms, volumes have exploded. All these factors are in favor of relaxing the day trading rule and eliminating some of its provisions.There is no evidence to suggest that it is riskier to close a trade in five minutes
Omer Meisel leads FINRA’s National Cause and Financial Crimes Detections Program (NCFC), which includes the National Cause Program (NCP) and Complex Investigations and Intelligence (CII). Mr. Meisel leads teams that conduct investigations and examinations of firms and gather intelligence to detect financial crimes and inform FINRA and firms of emerging threats and risks to the financial industry.
