I consider the proposed restrictions for individual investors to trade leveraged ETF's to be an egregious attack on my personal freedom. I do not need another Big Brother interfering to protect me from any perceived risk to my financial security. I am fully aware of the risk and use these instruments to hedge and protect myself from loses. The prospectus for every fund that I have
I reject the proposed changes to existing rules for retail investors to invest in leverages and inverse funds. I would hope that the purpose of the rules and regulations you apply are to protect individuals and ensure fairness in the markets. Restricting the access of the masses to markets makes them less fair.
My experience as a small retail investor with multiple brokerages and their trading
The FINRA qualification and registration requirements are set forth in FINRA Rules 1210 through 1240.1 These rules, among other things: (1) require the registration of individuals as representatives or principals; (2) allow for the permissive registration of associated persons of firms; (3) establish a waiver program for individuals working for a financial services industry affiliate of a member
No one should manage my money but me. The risks of these products is spelled out clearly and carry similar risks of other unregulated or loosely regulated products. Where does babysitting consumers end? Adults need to understand consequences of their actions. If you don't understand the risks, hire a professional.
This is the point of investing. I do not need the government deciding what my risk tolerance is and by locking down these tools to only those you deem worthy risks upsetting the balance of 'free' markets. There should be careful consideration of your own downside risk that would arise due to this proposal.
Leveraged and inverse funds are relatively high risk to investors, but most investors are capable of understanding the risks and invest the funds properly.
For equality, people who are affordable to take the risks should be allowed to trade these funds. Therefore, the entry barrier of leveraged and inverse funds should not be too high, say $50,000.
FINRA published its 2024 FINRA Annual Regulatory Oversight Report, formerly known as the Report on FINRA’s Examination and Risk Monitoring Program. The report provides member firms with key insights and observations from recent activities of FINRA’s regulatory operations to use in strengthening their compliance programs.
Stop trying to save everyone from the consequences of their decisions. Every investment has risks. Investing is all about risk management, and inverse and leveraged etfs are very useful in not only magnifying returns, but also as insurance. Please do not make it harder for average investors like me to manage portfolio risk.
Continuing Education Planning
I strongly disagree with the notion that more "guardrails" are needed for retail investors dealing in so-called "complex products." While some products are truly complex and require an investment of time for an investor to fully understand their risks and rewards, other products you name--particularly options--are not truly complex or difficult to understand with a modicum of
