I find it troubling that regulatory agencies would limit my ability to use cryptocurrency for the advancement of my personal financial future. It would be a miscarriage of justice to limit individual liberty by not allowing or limiting my ability to invest in Cryptocurrency. Also why not focus on hedge funds and big banks commiting fraud by shorting different crypto assets to profit themselves
To whom it may concern:
I am appalled that FINRA would attempt to place additional roadblocks and restrictions on leveraged and inverse Exchange Traded Funds. These are very valuable tools that have enabled me to make money in almost any environment for several years. The ability to hedge nearly any market without selling something short is a tremendous advantage. Leverage is a very useful tool
Comments: I oppose any further rule-making to limit access to so-called "complex products" (e.g. leveraged / inverse funds or ETFs). There are already plenty of warnings provided regarding the risky nature of these products. At my broker's website, for example, I receive a notification every time I attempt to purchase these products indicating their risky nature and
I have a strong understanding of Leveraged and Inverse ETFs: Three keys to ongoing successful use: Short term trades only Position appropriately sized. Continuous monitoring of position. My contention is we do not need additional government regulation / guidance as it relates to these products. I do not have any financial interest other than being able to use these products as I consider
For investors with exposure to a diversified portfolio, the ability to take advantage of changing market conditions and to hedge existing positions is without restructuring allocations or employing short sales, option, or commodity trades is essential to proper investment management. Inverse, and leveraged ETF's and Mutual Funds are the easiest and least expensive product for this purpose.
Comments:I have traded L&I ETFs in the past. My broker's website asked me to first declare intentions for my account that were consistent with L&I products (short term and actively monitored.) I feel this was more than sufficient to dissuade any uninformed investor that didn't know what they were getting into. I don't want to be "protected" from these
i am completely against FINRA's potential regulation for me, an investor, to freely invest in leveraged ETF's. Currently, I am up over 100% using both short and long leveraged funds. All the funds that i have invested in over the years had plenty of warnings as well as instructions detailing for me how to invest in leveraged funds. It is a government overreach to stop
I have already been blocked out of adding to my investments on certain crypto apps. Why are you preventing me from earning interest on assets that I purchase? you did the same thing when you shut down GameStop trading to cover your [REDACTED] because you had shorted the heck out of it, beyond any reasonable amount. Dont let your greed destroy you.
2003 - 2004 Filing Due Dates
NASD would like to remind members of their obligation to file the appropriate FOCUS reports, Annual Audits, and Customer Complaints by their due dates. The following schedule outlines due dates for 2004. Questions regarding the information to be filed can be directed to the appropriate District Office. Business questions as to how to file the FOCUS report, resetting
I feel additional regulation on inverse and leveraged funds who prohibit me from diversifying my account. I already invest in high risk stocks like penny stocks and I also short stocks so I maximize my annual gains. While I may lose money occasionally I fully accept that risk. I'm only putting a small percentage into these funds and the majority of my money is in less risky stocks.
