Comments: As a private investor I have utilized ETFs for about 20 years and leveraged/inverse investment vehicles for approx. 12 years or so. These vehicles (specifically leveraged/inverse ETFs/ETNs) have been extremely helpful to enhance the profitability of my investment portfolio/strategy resulting in protecting my investments when these vehicles are used as hedge instruments, and in trading
I use funds like FAZ, SDS, and SQQQ as portfolio insurance to mitigate the wild market gyrations we have witnessed in 2008/2009, 2020, and even right now(?). Using funds like these I can achieve strong upsides in a down market while my losses are limited to what I have invested. Instead, regulate the program selling, the short selling, the futures market where I could lose far more than my
I trade in ETFs all the time and I understand the proper use of such investment vehicles. I do not need the anyone to tell me how to invest. It is my responsibility to educate myself and my broker, Schwab, has been helpful with tips, training programs, and advice. If i ran my investments like the government runs the national budget, I would worry, but I do not. Get your hands out of my pocket and
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We should be able to choose our own investments as well as rick level.
I oppose restriction to my investing choices I am well aware of the risk involved .
Please let me manage my own investments. I am well advised.
Please leave the leveraged etfs as they are. They are useful in a well balanced portfolio.
Thanks,
Nancy
Testimony of Chairman and CEO Richard G. Ketchum Before the Subcommittee on Oversight and Investigations Committee on Financial Services
Holly Lokken is Senior Vice President in Market Regulation and Transparency Services. Ms. Lokken leads the Trading and Market Data Analytics business unit, which is a centralized market analytics center of excellence providing rapid, innovative, and impactful data and market analytics to each of FINRA’s Market Regulation core functions as well as the broader FINRA organization. Ms.
