Dear Sirs: I object to your attempts to stifle the free trade in the stock market. Inhibiting my ability to buy inverse stocks without demonstrating compliance with rules meant to restrict this freedom is anti-American. Leveraged and inverse funds are a key part of my investment strategy. Let free trade continue and stop any attempt to restrict our freedom to invest as we see fit.
To Whom It May Concern: I am an accredited investor and I know what I am buying for. Leveraged funds should be easily accessible to the public. These leveraged funds are normally 2X or 3X the regular funds. If FINRA were to block leveraged funds, they should tackle blocking currency trading first. The leverage used in trading currencies are as high as 200X! Thank you for your consideration.
Please leave leveraged and inverse ETFs in tact. They allow simple investors like myself buy and sell simple ETFs like stock without having to do complex short trades or PUTS&CALLS which require more sophisticated trading knowledge. The ETFs work very well and simply for average investor. We realize the risk and losses are contained by broker if necessary. Thank you.
Please do not restrict my ability to trade ETF's such as TQQQ, SQQQ, UPRO, SPXU. These leveraged funds are VERY IMPORTANT to me in my Fidelity 401k Brokeragelink account. I am an experienced investor, and believe that I should be free to continue using these valuable ETF funds in my trading strategy. Especially the inverse funds, which allow me to make money while the market averages
Putting a capital requirement on freely trading leveraged etfs just adds another barrier to entry for lower income people to enter the stock market. All brokers already clearly state the risks when people trade these products so everyone should be able to determine for themselves whether its right for them. The stock market shouldnt just be a playground for the wealthy it should be for everyone.
I do not agree with FINRAs proposed limits that may restrict my access to Leveraged ETFs or disqualify me from trading L&I ETFs or other complex products. I have a strong understanding of the characteristics and risks of L&I Funds, and that their purpose is for short-term active trading, and that they should be monitored regularly. My broker provides me a description of the
Regulators are spending a lot of time informing traders on ways they cant get make money. Its awful to see big name companies and hedge funds find ways to stay rich while regulators focus on stopping retail traders from trading. We dont tell regulators how to do their jobs but we constantly have to hear from then on how we can trade.
I oppose any restrictions that would limit or prevent my ability to trade leveraged or inverse funds as part of my investment and trading strategy. These instruments provide a means to hedge investments in volatile market conditions. Investing in the market in general requires accepting a certain level of risk and I understand the risks associated with leveraged and inverse funds. Therefore, I do
Telling investors what is too high risk for them is like telling them they cannot buy anything unless their government ok's it. Every purchase carries risk.....not just certain items traded in the trading system. Just who, has the genius to make those decisions? I've been searching for him/her for 70 years. Still stumbling along by myself, making a good living at it.
As an individual investor I would like to have access to leveraged and inverse funds trading. I've been trading these types of investments for over 10 years. We the individuals are the small guys and to take this away from us would be a pretty big blow. I would also like to know the reason for this proposed change or changes. Sometimes seeing the other side of the coin helps perspective.
