Ms. Marcia E. Asquith, Executive Vice President Financial Industry Regulatory Authority, Inc. 1735 K Street, NW Washington, DC 20006-1500 Re: FINRA Regulatory Notice 22-08 (the “Notice”) Dear Ms. Asquith: Defiance ETFS, LLC (“Defiance”), appreciates the opportunity to comment on the Notice. We commend the Financial Industry Regulatory Authority (“FINRA”) for reminding members of their current
I am extremely upset with this proposed rule as I want the ability to choose what public investments are right for me and my family, and not some bureaucratic regulator that knows nothing about me or my situation. I should not be forced to go through a bunch of ridiculous hoops and processes to be able to decide how I should invest my money. I am well aware of the risks of leveraged and inverse
I should be able to be able to short stocks just like the professionals. They would not like to be restricted either! It is an unfair playing field when you have to play by different rules than other investors. It's called cheating! I should be able to not have restrictions on my IRA either and should be allowed to short stocks like other investors and now you want to take away the only
It makes no sense to me for regulators to restrict access to leveraged and inverse funds to accredited investors. I am an accredited investor for many purposes but earlier in my investing career, I was well aware of the risks of leverage but because such funds were rare, I was unable to access them without incurring substantial margin debt. Similarly, investors need access to inverse funds when
I am very troubled upon hearing FINRA is considering limiting or stopping many investors from being able to invest in inverse funds. You cannot short stocks in an IRA so inverse funds are one of the main ways you can still make some investment income when the market is dropping. Why are you continuing to divide the majority of investors from the elite and large investors that can do almost
I have been investing for a while and run a systematic program of investing. Leveraged ETFs are very important to me and to my investing approach. I understand the risks and realize that there is a higher risk to any investment that involves leverage and this one is no different.
I do not want a third party evaluating my capability of managing these funds, and certainly do not want one
I’d like to voice my support for Short Interest Position Reporting Enhancements. In today’s digital market and environment, information is the most valuable resource retail investors (and others) can have to make responsible decisions with their finances. More frequent and accurate reporting are important… as well as penalties for non-reporting that are MORE punitive than the potential gain from
I fully support any and all changes to the reporting procedure that create a more accurate picture of current shorting activity as well as any related naked / synthetic shares that may have 'inadvertently' found their way into the float numbers. As a shareholder I think regulatory agencies have favored the Market Makers for far too long and the powers given to these entities have been
I use leveraged funds in a an investing plan in which I am fully aware of risks. The government should NOT place any restrictions on the choices of individual investors as incorporating leveraged investments into my plan is my choice and I am under no obligation to do so. If the government desires to meddle in personal affairs, how about educating people about financial programs, investing and
In a country where tobacco, alcohol, predatory loans and various forms of gambling are freely available and offten pushed toward the most vulnerable members of society with the blessing of our government your investor restrictions seem laughable. To say the USG actually cares about small investors is ridiculous. If you want to help, then set up programs in schools to educate children in personal
