Summary
FINRA warns member firms of an ongoing phishing campaign that involves fraudulent emails (see sample in Appendix) purporting to be from “FINRA Membership” and using the email address “[email protected]”. The email asks the recipient to respond to an issue of “regulatory non-compliance for which your immediate response is required” and then asks the recipient to click on a link or
I strongly disagree with this proposed regulation. The current disclosure-based system serves investors very well. Public investments should be available to everyone, not just a select few. This regulation would do more harm than good for individual investors by limiting investment choices. Every individual investor should have the freedom to do their research and select the investments they want
I personally own triple leveraged funds like tqqq and upro for long term investment. 1) I hope the NetWorth requirement is not set too high. Leveraged fund should not be limited to high NetWorth people only. It's more important to make sure fund operators are well capitalized and have expertise to handle stress scenarios like big down day or prolonged recession.
To whom it may concern,
I am extremely bothered by this proposal. As I am heavily invested in 401k I would like to be able to accumulate inverse funds in my Roth account to mitigate any risk of a market downturn. It is especially cynical if these inverse funds are available only to hedge funds. Please consider the voices of the retail investors as well.
Thank you very much for your consideration
I don't think restrictions on how people invest there money should be enforced. It's our money and we should be able to invest it how we see fit. I highly doubt regulators would want to be told how they can and can't invest their money, so why enforce those stipulations on the public. You do you, and we'll do us. Thank you.
Investors should be allowed to make their own investment decisions rather than being imposed by over-regulation by the government. I am strongly opposed to any restrictions. In our free market society there are various investment alternatives that do not receive this type of regulation nor should they. All of these investment alternatives as well as Proshares vehicles provide investors investment
To whom it may concern,
I completely understand the risks of leveraged instruments that I use for investing. I do not want regulators to impose restrictions limiting my ability to trade these investments. I have been trading for over 20 years. Restrictions like these would only reduce my ability to protect my portfolio during certain times of uncertainty, as well enhance my positions.
Dear FINRA,
I am an RIA with a CFF certification and I am opposed to this. The proposed rule would put regulators in charge of my clients' funds. As a 12 year industry veteran, I understand the risks involved with these investments; consequently, any client considering these investments (which is rare, I might add) is *well aware* of the risks involved. Please consider not adding
You did this already with Dodd/Frank legislation involving the FX market ( restricting margin access ). Now you want to do the same with the securities markets. Investors need instruments like these right now during the current bear market conditions ( brought on by the Biden Administration ) and others as well. We don't need the assailants offering us first aid to the conditions they
Every investment carries a level of risk. While leveraged and inverse ETPs might not be well known to most retail traders, those who know about these products tend to understand how they work and how to use them. Prohibiting adults from purchasing a leveraged index fund when there are people losing money on riskier assets like cryptocurrencies and non-fungible tokens is ridiculous.
