I should be able to choose the investments that are best for me.
IMO this is excessive overreach by regulators. There is very little about leveraged or inverse funds that is any more complicated than their ordinary counterparts or mutual funds. I would venture to estimate that fewer than 1% of mutual fund owners could name the top three holdings in any mutual fund they have. Most of these inverse funds are even simpler: they have basically ONE holding. How is
1. I should be able to decide how I invest. 2. Shorting the market can lead to unlimited loss. Inverse funds limit that loss. 3. Just receiving an option book permits option trading. Receiving the prospectus of the ETFs should be adequate. 4. If you really want to protect the public, improve and enforce fiduciary standards AND selling annuities BEFORE restricting these ETFs.
Hey, I get it. In today's litigious society everyone wants to blame someone else for their own poor decisions. That's just part of where the world is going. I own my own mistakes and because of that I feel that I should be able to make my own decisions. I own small amounts of a few levered funds because it's fun. It adds a little excitement to an otherwise very conservative
Dear FINRA
I am an investor focused on growth, I am heavily invested in leveraged funds and have done quite well with it.
While this is not for everyone it should not be limited to those who are good at it, Please do NOT limit my opportunities to prosper.
In addition to my previous comments, please be aware that I (and ALL of my fellow leveraged investors) find it extremely frustrating that regulators want to limit or eliminate, one of the best investment strategies we have, that has worked so well for us in a wide range of market environments. Doing so, would be like taking money out of our pockets that we have worked so hard to earn. Please
I am vehemently opposed to any regulators deciding where I can--or can not invest MY money. I should have the freedom to invest MYmoney as I see fit! Public investments are just that "PUBLIC", and not reserved for the privileged few. If I am willing to risk my money in public securities, NO ONE should have power to prevent me from doing so!
Warnings are OK, but tests and other hoops are overkill and soon would be reversed anyway.
I don't think there should be any special restriction for me to invest my money in the way that I want .
This is a FREE country. I have been using inverse funds for over a decade and leveraged funds to and options. If you are going to restrict these funds that's no problem to me I will just use options. You should NOT restrict the use of these funds that is absurd unless you don't want people sitting the market because YOU ARE AFRAID that this will bring the market down. Don't worry,
