Dear FINRA, I am an individual investor who has done thousands of trades almost three decades and am fully aware that I am responsible for my own investment decisions. I have absolutely no problem with that. The problem that I WILL have is if you remove or severely hinder my right to make my own life choices. This is not Putin country.
I use leverage funds to provide upside exposure without taking on the added risk of buying on margin. When I buy a leveraged ETF I can only lose the amount I've invested in that ETF. I do not open myself up to the risk of a margin call. I should be able to assess my own risk and make my own investment decisions. I have been investing for 3 decades and been through many market cycles most
More and more, citizens like myself, who have a desire to trade markets, find that our choices are being limited because some have decided that amateur traders aren't as wise and not capable of making good decisions. We most certainly understand the risk involved in trading, especially when trading leveraged funds, but the gains can be rewarding enough that we practice due diligence in
Leveraged ETFs are an essential tool for my investment strategy. I understand they are risky, and I am able to take a big drawdown. Please dont ban them from small time investors!
I oppose establishment of restrictions upon individuals to make investments as described in the proposed rule, #S7-24-15. While I support providing individuals with opinions and recommendations, restrictions intrude on decisions best made by individuals who weigh risk vs reward of investments made with their money.
Specific to crypto, individuals need no more restrictions than alternate
I am competent to make these decisions as I am a retired CPA with a degree in accounting.
All public investments should be available to all. Any access restrictions to leveraged or inverse funds is wrong. All investments have risks and those risks are taken by the investor not the regulator. Placing restrictions on funds or trading hours based your portfolio size or any other credential is wrongful discrimination.
If an 18 year-old can go into hundreds of thousands of dollars of student debt which his/her degree may or may not allow to be paid off, then a 40 year-old who has made enough to invest should be able to manage his speculative portfolio of investments as he sees fit.
I am opposed to regulators preventing investors from investing in leveraged or inverse funds. These funds serve a purpose including hedging other positions. The hedges would be difficult if not impossible to accomplish without access to existing leveraged or inverse funds. We, the investing public are not stupid and can judge the risks associated with these products. Regulators give the public
I believe that the proposed regulation in its effort to protect investors way oversteps the line between being helpful by ensuring that investors can make informed choices and being harmful by assuming it knows best what those choices should be and who should be allowed to make such choices and who should be banned from making them. Leveraged funds have been a part of my portfolio, including my
