The wording of this notice, especially "complex investment products", is so arbitrary & vague that it could encompass too many popular avenues for the common investor to act in is own best interest and give even more of an advantage to the mega-wealthy. Please let us decide what is too complex for us and allow us to have the same access to financial instruments that large firms
Public investments should be available to all of the public with restrictions only imposed by a brokerage. Investors should not have to go through any special process before they can invest in public securities, like leveraged and inverse funds, except those imposed by respective brokerages. As markets face economic uncertainties and the likelihood of increased volatility in the near and long
I wholly oppose any legislation that inhibits my ability to buy and sell public investments that I deem appropriate for myself.
Dear FINRA , I oppose legislation restricting my right to invest in leveraged funds.
To whom it may concern: The list of proposed funds/investments considered for restrictions seems a bit excessive. Personally I would agree to do require restrictions on double and triple leveraged funds and anything crypto, but ETNs and Global Real Estate?
After closing the record, the arbitration panel considers all of the evidence, deliberates together, and decides what relief the claimant is entitled to, if any.
I have been using leveraged & inverse ETF for several years. I understand the risks involved. These ETFs allow me to profit with the large players. The inverse ETF allow me to effectively short equities inside my IRA. I have a self directed IRA. Removing the ability to use leveraged & inverse ETFs will reduce my investment gains
Does FINRA only wish to cater to the "RICH CATS" of Wall Street? ETFs are a Godsend to smaller investors, WHOM can NOT open $1 Million + accounts with Goldman Sachs, or Morgan Stanley....and get special privileges (edges) like getting 1st dibs on new IPOs etc. NOW, inverse funds are under review so SMALL fry WILL NOT be allowed to 'short' sectors of the markets? MUST we all
These proposed regulations are totally ridiculous!
