I oppose restrictions to my right to invest, specifically in leveraged and inverse funds such as SQQQ, AGQ, They are critical tools for investors such as myself to hedge in markets.
I understand the concerns associated with options and leveraged products (2x,3x). However I dont think restrictions should be placed for people with experience. There are other areas that deserve your attention instead of this. We will let our congressmen know as well.
Seems like someone is really interested in keeping retail investors away from leveraged ETFs. They will allow only big boys make money. Let the poor stay poor and rich get richer.
Frankly, [REDACTED]! I don't remember reading headlines where grandma was tricked into loosing her home after investing in an EFT. The fact that my government wants to take this vehicle of investment out of the hands of "ordinary" citizens does not surprise me, but it is YET ANOTHER FACT OF FEDERAL GOVERNMENT OVERREACH!
Please continue allowing me the freedom to invest in leverage and inverse funds, without any special, government required mandates I'm aware that these are risky investments, and use them sparingly, mostly to hedge other investments or as an alternatives to options. They are an inexpensive way to get an outsized return. My broker (Charles Schwab) is very good about warning me about the
FINRAs scheme is misguided because it: Hurts Investors: It could potentially deny us the freedom to choose investments that could help us achieve long-term financial security. Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities. Tests or Upends Our Regulatory System: Under the
Its not necessary to add additional restrictions on leveraged investments.
THIS IS A SHAM AFTER 40 YRS OF INVESTING.NOW YOU WANT TO CHANGE THE RULE IN THE MIDLE OF THE GAME. THIS WILL MAKE ME STAY AWAY FROM YOUR GAMES. I SHOULD BE ABLE TO CHOSE THE INVESTMENT NOT THE REGULATORS.
Instead of focusing control of smaller investors why not focus on manipulation of the market and securities by the larger financial groups practicing Short Selling. That faction ruins a "fair" market for all and is apparently legal theft and manipulation. I thought the point of "fair and equal" market rules and regulations was to prevent theft and
The failure of a firm might understandably cause some anxiety for its customers. However, should your firm cease operations, you shouldn’t panic: In virtually all cases, customer assets are safe and typically are transferred in an orderly fashion to another registered brokerage firm.
