I ask our public bodies responsible for creating and updating our financial regulations to oppose these changes. I am a retail investor and I use these products as a part of my portfolio. I want to have the same investment options as more wealthy and institutional investors. The brokers make clear the risks. Thank you for attempting to control risk and foster responsible regulations, but these
An investors like myself should decide what are the right investments without having to go through screening processes imposed by regulators. I have been using leveraged and inverse funds for decades to enhance my portfolio's returns and to hedge against risks. Freedom to choose includes freedom to take risk. Please do not take away my freedom on how to invest.
The risks associated with leveraged and inverse ETFs along with warnings are clearly stated by all brokerage firms on a screen that appears every time one tries to purchase them. This is sensible regulation. Anyone who takes even a moment to read this screen would understand the risks. What is not sensible regulation is establishing purchasing barriers on people who read because some people do
I have traded these products for thirty years. I understand the risks and rewards.These products are needed for liquidity, price discovery and hedging. The volume of these products clearly shows that they are needed. Investments must be available to all members of the public, not just to s select few, selected by some arbitrary process. A signed document, in the customers account file, that
I strongly oppose additional regulations that would limit my ability to make my own investment decisions and manage my own risk. The existing requirement to provide a prospectus already provides investors with adequate risk information, however, I suggest adding content to the prospectus rather than creating burdensome new requirements that seem intended to discourage a particular type of
Enough of this Nanny State regulation! Anyone investing in inverse and and leveraged funds knows they risk losing money the same as there is a risk with most investments. My biggest losses have been to taxes, sleazy lawyers, and government corruption over the years. Regulate the banks, brokers, lawyers, judges, Federal and local governments if you care about making life better for the average
Dear FINRA Committee Members, Please do not impose trading restrictions on “Complex Products.” I am a retired public employee who has been investing for over 25 years, managing a ROTH account, 457 plan account, as well as a retail account. I sometimes use ETFs, including inverse and leveraged. They are an integral part of my investing toolbox. I am not a high net worth individual and desire to
Every man and woman needs to be responsible for their own choices. It's up to them weather they want to take risk or not. The government can't even keep social security solvent for the next 50 years or balance a budget, they have no business telling us how to manage our finances. maybe if there was some financial risk management and retirement investing taught in school this
The public is not demanding further protections from you such as you are proposing, in fact, we are seeking more equal access and opportunities that are reserved for the very wealthy. I want to choose to invest in any vehicle and access the risks myself. This includes leveraged and inverse funds. If anything, any new regulation should address the publication of details about associated risks in
It is in regard to FINRA and L&I. We don't need another regulation on the top of other regulations. My brokerage firm already provides ample warning regarding the risks. I find it sufficient trading these ETFs. I have been trading these ETFs past 25 years I know what I am doing and the risks. Government is not in the position to dictate what is good for me. No more
