Public investments should be available to all investors, not just the privileged. I am capable to understanding the risks and making decisions on what is best for my portfolio. All financial decisions have risk, including doing nothing. There is sufficient information presently available in a variety of channels to educate the public of the risks which makes this legislation unnecessary and
In November 2007, the Securities Industry/Regulatory Council on Continuing Education (the Council) released the semi-annual Firm Element Advisory. The Council suggests that firms consult this guide in developing their Firm Element needs analysis.
FINRA’s training resource library includes a range of online offerings that address many of the topics that the Council has outlined in the Firm
Individual investors NEED access to ETFs, and taking access away is against American principles of a free market. ANY investment carries a risk, and by eliminating access to ETFs you are not eliminating risk, you're simply transfering risk to another asset group or to another institution/agent which, by all accounts, is NOT a better solution for the average investor.
Thank you.
FINRA is right to have concerns about leveraged and inverse ETFs for retail investors trading on their own without a broker or advisor. Simple attestation and acknowledgement of risks with education is the answer. Investors are constantly told investing has risks and the primary focus should be on education of those risks without detrimental affects on broker dealers, brokers or advisors.
Investing in leveraged ETFs is a useful tool for retail investors and has clearly communicated risks and returns. I used them in my early investing days when I was very open to risk and as I have aged I phased out of them. Other people should also have the opportunity to take high risk high reward actions in an informed way.
As a regular citizen investing, I understand that investments carry risk. The argument for restricting inverse and leveraged funds is probably to reduce my risk, but if you reduce all my risk down to nothing, what's the point? I might as well put all my money in a savings account. Please let me continue to make my own choices.
The Market Access Controls section of the 2018 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
I understand the risks associated with investing in leveraged funds and am more than comfortable incurring those risks. Having any kind of measures and restrictions placed on my ability to choose how I manage my money is contrary to the essence of free markets and personal freedom. I strongly believe that it's my risk, my reward, my choice, my responsibility.
Individual investors deserve the ability to manage their own risk and make their own investment decisions. It is preposterous to suggest that there are any real systemic threats to the financial system arising from these funds. If institutions can regularly take on risks that actually affect the broader financial system then individuals should be able to take risks that largely only impact
I should be able to choose the public investments that are right for me at my own risk. I understand the risk, and am willing to take the risk. I only put a small amount (<10%) in this type of investments. I do not wish to go through any special process like passing a test before I can invest in public securities, including leveraged and inverse funds.
