Using inverted and leveraged etfs is a better alternative then using options. Which would be the only other way you could insure or hedge your position. And it's alot less risky.
Thank you, Kayte [Toczylowski, FINRA’s head of Member Relations and Education], and good morning, everyone. It is so wonderful to see you. I am delighted to join Kayte in welcoming you to the 2023 FINRA Annual Conference.
Once again, I have been Informed by ProShares that further restrictions are being considered on leveraged and inverse exchange traded funds. As I stated previously, these are among the best vehicles available in the market. I have made my living as an individual investor since February 1980. As I also stated, I have now used these vehicles for more than a decade and they have been consistently
[REDACTED] may go down when you continuously take power out of the hands of the people. First its taking everything down, and imposing manipulative quieting of political agenda/ideas not your own. Now you wanna make it impossible for anyone other than gazillionaires to live.this is not sustainable, nor constitutionally upheld behavior.there is a difference between patriotism and right wing dom.
I strongly oppose any restrictions on my right to invest in public investments. I believe it is my right to make investment decisions that are right for me and my family without regulators getting involved in those investment decisions. I know what is best for me, and I believe it is very presumptuous to assume a regulator is more concerned about my well-being and investment decisions than I am
Each investor should do the necessary research to better understand the risks involved.I strongly oppose any new regulations that would hinder my ability to invest in all leveraged and inverse funds.
Please do not restrict my ability to trade leveraged or inverse ETF's. These are a great money maker for me. With respect, I probably have a better understanding of how these work than anyone at your agency.
It is disappointing to read of further regulations against the retail trader. These funds are at our own risk. It is upsetting that I even have to comment in an attempt to preserve the ability to provide myself and family a better financial opportunity.
Finra would be better served finding a way to stop unregulated shorting of many securities in the US markets. This action against Leveraged and Inverse funds inhibits a hedging mechanism that is useful to individual investors.
Using inverse funds is a critical part of an investment strategy and in down markets one of the better strategies to still be able to get a positive return. I highly encourage you to not put limitations on this investment vehicle.
