Firm Made Misrepresentations to Customers and Violated Reg BI as well as FINRA’s Suitability and Supervision RulesWASHINGTON—FINRA announced today that it has expelled broker-dealer SW Financial for multiple violations, including making misrepresentations to customers in its sales of private placement offerings of pre-initial public offering (pre-IPO) securities, churning customer
The ability to invest in leveraged securities as part of a well balanced portfolio is needed. To restrict this to retail investors is absurd. I should be able to invest in what I want to invest in as a right!
I use leveraged equities to hedge investments for protections. And it has been helpful to offset volatility in the market. I dont have millions to invest but when I look for products
In addition to my previous comments, please be aware that I (and ALL of my fellow leveraged investors) find it extremely frustrating that regulators want to limit or eliminate, one of the best investment strategies we have, that has worked so well for us in a wide range of market environments. Doing so, would be like taking money out of our pockets that we have worked so hard to earn. Please
I oppose proposed restrictions to inverse and leveraged ETFS. The reason for my opposition is that they are useful tools for hedging and as well for magnified short term gains. If there is a particular sector, underlying commodity, or index that I want exposure to, these products help me meet my objectives and help me formulate strategies to meet the objectives i have laid out for myself. I
In light of the new proposed regulation that ProShares has made me aware of I thought I should make my feelings known. There are many complex investment opportunities, and it is incumbent on the investor to educate himself on the risks. The government should protect us from fraud but not from ourselves. I am a free man, a living soul with a mind to make my own choices. Well written disclosures
Comments:I have used leveraged ETFs for many years. I am very aware of the risks and benefits. They have mostly served me very well because I know when and how to use them. I dont need or want some government bureaucrat, who probably knows nothing about investing, to limit my investment options. The only thing this administration knows how to do is take my hard earned money and give it away.
These regulations would not only be an unnecessary restriction on the free market, but they would give an even more marked advantage to those who are already wealthy, by allowing them exclusive trading options that are not allowed to the vast majority of the rest of us. American citizens are better informed on what investments are best for their specific situations than regulators are. Let them
It is the responsibility of regulators to ensure funds are well managed, safe from fraud and equally accessible to all investors. It is not the responsibility of regulators to determine which funds specific investors are allowed to purchase. Regulators must not require any tests or assessments in an effort to "weed out" or discriminate against investors. Cryptocurrency funds are an
I clicked over to a website that does not support the proposed rule, but I *DO* agree with the limitations being proposed. I was Series 7 and Series 63 licensed, and have seen many people maneuvered into investments that neither they nor their financial advisors understood. The results can be devastating. I think it might be better to do a two-pronged approach with limits on the types of
I oppose the restrictions on being able to buy public investments. I dont think I should have to take any type of test to see if I qualify to purchase any type of investment. I buy different types of investments including cryptos to diversify my investments. I have done quite well in the past with the stock market and plan on living off the investment returns through out my(our) retirement years
