I would like to express my displeasure at the elitist idea of limiting my use of leveraged and inverse funds. These funds play an important part of my portfolio, as each gives me an instant diversified basket of stocks, and are much easier to use than options, which really are not practical for the small investor or trader.
TO FINRA
I do object to not having the option of choosing how and what stocks and other investments I choose to spend my monies on. Kindly do not add another layer of government intervention to my investment account and free choice. Thank you for you attention to my opinion
Regards, Rose Mary Petry
(a) When and How Transactions are Reported(1) Trade Reporting Facility Participants shall, as soon as practicable but no later than 10 seconds after execution, transmit to the FINRA/Nasdaq Trade Reporting Facility or if the FINRA/Nasdaq Trade Reporting Facility is unavailable due to system or transmission failure, by telephone to the FINRA/Nasdaq Trade Reporting Facility Operations Department,
(a) When and How Transactions are Reported(1) Transaction Reporting During Normal Market HoursMembers shall, as soon as practicable but no later than 10 seconds after execution, transmit to the ADF, or if the ADF is unavailable due to system or transmission failure, by telephone, facsimile or e-mail to FINRA Market Operations, last sale reports of transactions in ADF-eligible securities executed
My grandfater taught me how to invest to pay my way thru colledge. I have been very succcessful investing in the stock market especially QQQ & TQQQ ProShares. It has paid my way thru 3 years of school and I need it to continue. Let me invest the way I am used to.
I oppose any restriction that limits my right to invest. I have been investing in stock market since 1988 and have been able to make a living from my returns. I appreciate FINRA and the protections provided to the individual investor, but we do not need any additional restrictions regarding our investments.
I oppose restrictions to my right to invest in what I choose and why I choose it. I choose to invest in leveraged and inverse funds and have for several years as its a minor portion of my investing plan to offset smaller growth stocks. It seems unfair to put restrictions on my investing actions at this point in my investing.
There are many reasons to make trades via leveraged and inverse funds. Most importantly, leveraged funds such as SSO acts as a "blow off vent" so that people who are trying to chase returns (such as myself) can invest in the safer SSO instead of penny stocks and the such, which are de facto much more dangerous.
I use the leveraged and inverse funds as important tools for me to hedge and speculate at the appropriate time to complement my stock portfolio. Over the years, I've learned the risks and rewards of these funds. There should be some minimal restrictions on the usage of public investments to protect new or beginner investors, but not experience investors. Thank you.
I believe that these new regulations will help people. Many people don't understand anything about investing, and might put all of their money in one single stock, and lose it all.
Many people are not capable of understanding investment risks. I do not believe that "my rights will be taken away" if these regulations are made law. That is silly.
