Hello,
As someone who has used leveraged ETFs quite successfully over many years I absolutely do not support any additional regulations or restrictions on individual investors using leverage, futures, options, or any other manner of "complex" instruments as part of a self-directed investment strategy.
I actively researched and educated myself on these financial instruments
This rule is unacceptable. There is no place to limit "risky" investments from the people. If someone decides to invest in something they do not fully understand, they are accepting the risk that they may loose significant amounts of money. There is no reason to protect people from these. Everyone should be provided with free choice to invest where they wish. Worst case scenario
FINRA,
I am strongly opposed to regulations being considered to limit the ability of the public to invest in leveraged and inverse funds without such things as passing tests on investment knowledge, demonstrating high net worth, getting approval from a broker, attesting to reading certain materials, and going through "cooling off periods" during which one cannot invest.
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
Hi I truly believe as an investor that we should be able to decide how we can invest our hard earned money, and not by regulators out there, every investor is aware of the risks that they take, and it should be totally up to them to decide how to invest their money freely and how big of a risk they want to take without any objections from government regulators, thanks
Investment is a personal choice. Investor has right to decide what is best for him/her. Every investor knows that stock market presents risks and rewards. Individual investor has right to choose investment vehicle available, based on his/her experience and risk tolerance. Government may be able to restrict risky investment for uneducated/inexperienced, even if suggested by an advisor or money
Only I have the right to determine how I invest my funds. I am the one who understands what risks I am capable of undertaking. Who are you to tell me what I can do with my very hard earned funds. Did any of you ever run a business? If not, you are not acquainted with what risk is. This is an outrage. Turn down these silly regulations.
I need these inverse ETFs to properly run my personal portfollio. If these funds go away, the only way I can manage my retirement accounts is to buy put options that expire and carry a lot more risk than just a simple inverse ETF. I also like having the leverage. It allows me to add only a fraction of the risk associated with options with better results.
Leveraged ETFs and options can, in many cases, reduce an investors risk when used as a part of a larger portfolio. To exclude their use by everyday investors is to put many of them in an even more at risk position. Simply buying and holding individual stocks can be much more risky, and the equities market would cease to exist if that weren't allowed.
As an investor through Fidelity I am already required to confirm that I understand the risks of such leveraged and inverse funds. Preventing people such as myself from buying these funds entirely is restricting the freedoms of individuals. Requiring checks to ensure the investor understands the risk is fair, yet barring anyone from purchasing them entirely goes against what makes this country and
