I am an investor that should be able to invest in products of my choosing. I review the products, understand the risks and can make my own decisions. Please do not restrict access to inverse funds or leveraged products. These are a effective tools to mange risk and hedge equities exposure. The public should have access to these tools.
As an Fellow of the Society of Actuaries (FSA), I have a strong understanding of risk. I use leveraged funds to obtain a beta in my portfolio of ~1.25. People use these leveraged funds to a desired level of risk that they are comfortable with. Taking away our ability to invest in these funds is taking away our freedom to obtain our goals.
The government doesn't have any business telling what they can and can not invest in. Period. We don't need to be told that an investment is "too complex" like were a bunch of idiots. We know what the risks are and accept what we are willing to I vest in and the risks involved. Get out of our business.
TRACE research performed up until this point has been done on an independent basis by academics and researchers who used objective methodology in order to achieve their conclusions. These studies have concentrated on United States-based corporate bond data and what, if any, the impact of TRACE has been on liquidity and transparency.
FINRA recently proposed amendments to streamline and reduce unnecessary burdens regarding existing requirements addressing outside activities of broker-dealers’ associated persons. Unfortunately, several recent statements published in news media mischaracterize FINRA’s proposal in a number of ways.
To whom it may concern,
FINRA has proposed a raft of potential restrictions on so-called "complex" investment products, among them leveraged and inverse funds. Whereas some of the proposed restrictions are at least somewhat reasonable, like passing some sort of rudimentary test to ensure the investor is aware of what the product is, others are downright outrageous, such as not
Comments: I do believe having transparency is important. Regulators have done great things in the past to clarify concepts that a layman does not interact with regularly. Thanks to regulators, banks have to disclose APR's with clients, ensuring that the risks are fully understood. However, I feel that this level of scrutiny is unwarranted, biased, exclusionary, and has an unfair impact
I have good understanding of the risk in these securities. I have been investing and trading for over 25 years. It could have a very big impact on my investments if I was blocked from being able to continue trading positions I already hold. In many cases I use these securities to hedge risk in other positions. Thank you
Hello FINRA, I'm s individual investor. I'm facing more risk than the people who work in the Wall Street. We need some tools to hedge our risk. LEVERAGED AND INVERSE FUNDS are very good way to help us to do that. And it's our right. We need to keep it.
I use these leverage ETF as tools to offset risk on long holdings and hedge against the market one way or another. To remove this too would be detrimental to my ability to asses risk and protect my account holdings. Please call, text or email anytime. Kevin R Kieffer, Broker Associate | Compass | [REDACTED]
