I have utilized leveraged mutual and ETF funds in my IRA portfolio for over 12 years and I strongly believe that I have been successful in enhancing my rate of return during certain market cycles. Although I do have significant retirement assets, I would likely not be considered an accredited investor. I have been investing, primarily through mutual funds, since the early 1970s. My portfolios
Dear FINRA Regulators,
I was upset to learn today that FINRA was looking to restrict retail investor's access to 'complex products' including leveraged products. As a young investor, I rely heavily on leveraged etfs as part of my long term investing strategy. Given my current investable assets are low and will hopefully continue to grow as I work and grow older, I use
To whom it may concern,
I request you do NOT add new requirements or restrictions to those funds deemed "complex." The term itself can be vague at best and requiring consumers to jump through arbitrary hoops still doesn't reduce the risk of harm in any way, but it could potentially exclude individuals from benefiting from their added diversification.
As a recent
We should be able to choose the public investments that are right for us and our family. And public should be treated equal, public investment should be available to all of the public not just the privileged.
We should not go through any special process like passing a test before we can invest in public securities, like leveraged and inverse funds. I am using leveraged fund to gain exposure to
The FINRA qualification and registration requirements are set forth in FINRA Rules 1210 through 1240.1 These rules, among other things: (1) require the registration of individuals as representatives or principals; (2) allow for the permissive registration of associated persons of firms; (3) establish a waiver program for individuals working for a financial services industry affiliate of a member
This is absolutely ridiculous.PDT rules create undo burden and increase the level of risk and loss associated with trading. Having a required $25,000 minimum was an already ridiculous standard, increasing that to $100,000 would be absurd. This is the type of wealth discrimination that allows for the rich to prosper at the exact expense of the average person.When breaking news occurs and a stock
Dear Representative
I am writing because I oppose the restrictions being sought on my right to invest or anyone's right to invest in any public investment funds as they are intended to be public. These funds should remain available to the public and not made restricted to the privileged. It is not difficult to understand public investment funds and their risks, such as with leveraged
Any proposal to limit an investors ability to purchase inverse funds would not be well received and obviously ill-timed given market conditions. Every investment contains risk and a regulatory authority should not posses the authority to restrict an investors ability to use products such as these that can actually mitigate risk in one's overall portfolio. If such rules are implemented,
FINRA has no business involving another governmental agency in the financial markets. Why dont you spend time stopping the big banks from spoofing silver and gold prices. Now that is a real problem you could solve. I minored in Economics in college and understand the risks of leverage and inverse funds. Im currently using these types of positions for downside protection. Its an integral part of
As a non-professional retail investor, I strongly oppose the restriction of availability of leveraged and inverse ETFs and other investment vehicles. The risks of trading such securities are already made very clear and are displayed on the order confirmation screen of single buy/sell order, at every major brokerage firm that sells these products. The reach of regulation should end there- with a
