This possible new regulation makes no sense as you already have to be approved by many brokers to invest in leveraged funds. This seems like a new way to limit the possible returns an investor can make, as well as cater to more institutional investors rather than individuals.
I am opposed to changes in my ability to invest in inverse or leveraged securities, because it is an important part of my investment work. I am very well informed about all of this, and these proposed changes would cost me a lot of money. I will take you to court if necessary.
In a request for interpretive guidance, a member asks if NASD Rules prohibit a member from paying finders or referral fees to CPAs that are not registered as associated persons.
Comments: I think leveraged and inverse ETFs should be available to retail investors. They give access to the ability to hedge and provide more liquidity then options. They are much safer then options as well. Disclaimers on these instruments make sense but I think it is a disservice to limit access to these items for everyday retail investors.
The elements of your proposed legislation is unfair, arbitrary and capricious.
I opposed it on the grounds that it is discriminatory, and an intrusive overreach of a regulatory agency.
I believe that if banks and large investing institutions such as corporations can invest in a financial instrument then so should a free American have that right as well.
Mitch Naylor
These Investments were considered when they came out as just that .. INVESTMENTS . To take them away from traders like me and many others would be SCANDELOUS . Traders that purchase them know Full Well that there is just as much Risk in them as there is by purchasing a Stock like Boeing .
Im well aware of the potential downsides to letfs Im educated. I am not staking a substantial amount of net worth and am hopefully using them to safely obtain an early retirement. Cutting letfs from the public market in my opinion would be a detriment to the retail investors.
I am well aware of the disadvantages and advantages of investing in leveraged and inverse funds. These are an important part of my stradegy and I use them accordingly.
Please do not impair my ability to use such funds. Doing so would create a hardship and sector decrease my investing opportunities.
Investors need financial freedom to invest in inverse and leveraged ETFs. FINRA needs to respect the publics freedom of risk appetite and not subject the members of the public who are experienced and educated individuals to extensive regulation that can harm our long run returns and financial well being
I am a veteran who proudly served my country and to be told that I have to be accredited to participate in certain assets is un American. Retail investors should be able to have access to opportunities to help improve their financial well being. Level playing field. God bless America!!!!
