Leveraged S&P funds have been critical to how I take advantage of trends as well as manage risk in my portfolio simplistically without the need for margin or options. Do not take them away!
We should all equal opportunity to invest regardless of financial ability or lack insight, we should not be restricted to invest in opportunities only afforded to wealthy and the ones making well above average incomes
I oppose efforts by FINRA to restrict how I can invest (which could include leveraged and inverse funds). I well know the risks involved and choose to make my own decisions along the risk/reward path.
It's a publicly available ETF. The ETF should simply have a disclaimer that describes how there is decay (declining value) do to the options component and that it can be dangerous to hold for long periods of time if not monitored well.
Comments:As an American, I cherish my rights to make decisions for or against my well being. I do not appreciate the Big Brother controls on so many institutions and consider such the erosion of my freedom. Thank you.
The right to invest is a freedom of choice and having that right taken away is unconstitutional, unethical and is anti-capitalism.
I personally wish to continue to invest in cryptocurrency (and BITO) just like I trade on the foreign exchange as well as on the stock market.
I would like the option of having all financial tools available to me in order to make the best possible decisions regarding my financial well being. This includes being able to use leveraged and inverse funds
Comments: FINRA should not over-regulate the ETF market, which is quite efficient as is. I have traded ETFs for 40 years and they have served me well as far as picking a sector rather than a singular stock.
Mary Schapiro Remarks From SEC's Third Annual Senior Summit
I don't want to be parented by a government agency that wants to take away investor's rights and destroy a free market system wherein investor's determine their own suitability and investment goals. The proposed changes are an invasion into investor's private affairs. I very well can read a prospectus and decide for myself without any further governmental
