We currently have more than enough regulation of securities by federal and state authorities. Any reasonable person is capable of making their choice of investments. Investment options should be available for all Americans, not just the rich or those deemed appropriate or those qualifying under special approval. Is this not part of the American dream?
I don't need special training or
I feel that I am well aware of the particular risks and benefits that are involved in leveraged and inverse funds. In view of the ever changing policies of the Federal Reserve regarding interest rates and so-called "tightening" of their monetary strategies, I find it imperative that I have the flexibility to invest defensively. Leveraged and inverse funds allow me to have the
I am fully capable to make my own decisions regarding investments. Limiting public investments to a specific few people is directly contrary to the free market system. I am capable of educating myself and do not need a government agency creating a test to determine if I am ready. I do not need someone else to tell me what I am capable of, or if I understand the risks well enough to make good
There has never been a period in human history where more knowledge is readily available to the average person. In a time where in depth explanations of these products can be found within 30 seconds, not to mention detailed discussion boards, it's unreasonable to add more restrictions to retail investors.
You should be focusing on removing restrictions instead.
Leveraged and inverse
Background
Advanced data analytics is a critical function within FINRA and an important component of our efforts to be a risk-based and data-driven organization.7 This work, which supports our examination, surveillance and enforcement functions among others, is conducted in a number of areas throughout FINRA, but primarily within Market Regulation Surveillance, Research, Methodology, and
FINRA’s examination program plays a central role in supporting FINRA’s mission of investor protection and market integrity. A main component of this program is FINRA’s examinations of broker-dealers (“firms” or “members”) that are conducted on a regular cycle basis: each firm is examined at least once every four years, and many are examined even more frequently. In connection with each of these examinations, FINRA prepares a report—which is available only to the relevant firm—addressing certain aspects of the firm’s compliance with securities rules and regulations. Firms are required to address issues identified by FINRA, and many do so by proactively taking corrective action before FINRA concludes its exam. Through this sort of rapid remediation, firms strengthen their compliance and supervisory programs, which ultimately helps better protect investors and the integrity of the markets.
I use these so-called "complex" products to hedge my longs in various accounts at certain times I judge market risk to be high. How am I supposed to hedge my IRA without leveraged/inverse products or options? Is there some reason FINRA doesn't want me to hedge against a possible decline in the value of my long holdings? I am a very experienced investor, I'm a big girl and I
I have been managing my own investments, and trading leveraged and inverse funds for many, many years. "I", not regulators, should be allowed to invest in the products of my choice. I worked as a CPA for many, many years and consider myself to be well informed regarding leveraged and inverse funds. I am not trading on margin. I am using my own hard earned money for trading. Regulators
As an american citizen, that pays a lot of money in taxes, I think it should be my choice on how I spend what's left after paying the government so much of my earnings. It's the not the government's responsibility to deem whether or not a particular investment is suitable for me. Do you regulate how people go to casinos and gamble away their checks? Do you regulate how much a
I am writing in strong opposition to this proposed rule. I and my advisors should be the ones to determine if investments are right for me, NOT the government regulators. I also should not have to pass a test before investing in public securities. I understand full well the risks and rewards of leveraged and inverse funds, and it is not up to the government to suggest or tell me otherwise. The
