The Neutral Corner – Volume 1—2024
On Tuesday February 11, 2020, and Wednesday, February 12, 2020, the FINRA Test Facility (NTF) will be unavailable for clients who test using the CTCI-MQ.protocol. This affects FINRA's Trade Reporting and Compliance Engine (TRACE) and the OTC Reporting Facility (ORF).
FIX and CTCI-TCP/IP protocols in the NTF region as well as all production systems are unaffected by this
I oppose restrictions on my right to invest in public investments. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special processes like passing a test because I can invest. I do NOT need any additional measures imposed on me. Try putting some better restrictions on congress, the house and house speaker'
To Whom It May Concern:
I am strongly opposed to any restriction to on my ability to invest in leveraged and inverse funds. These funds are great innovations that have been extremely helpful in hedging my regular investments since they became available. Loss of these products would expose me to a higher level of risk. Independent entities are at a disadvantage vis a vis institutions in all social
I oppose restrictions being considered associated with certain investment instruments, e.g., cryptocurrency funds. Various financial instruments are critical to portfolio diversification and risk mitigation. Commodities, precious metals, real estate, hedge funds, stocks, bonds, mutual funds, exchange-traded funds, annuities, insurance policies, trading on margin, short-sales, futures, and
I use inverse bond funds as a speculative tool to profit from a rise in interest rates just like someone who would sell bond futures short. Trading bond futures is more leveraged and riskier than what I am doing so why would you limit what I am doing but not restrict bond futures trading as well. There is no logic to that. I am asking you to NOT take my right to buy and hold inverse and leveraged
Holly
It is certainly true that leveraged funds are more volatile than non-leveraged. However after a market downturn, they recover their lost value just as well as non-leveraged funds do. In other words, with leveraged funds one simply needs to take the long view towards investing, just as one should with non-leveraged funds.
In the spring of 2009, I invested in leveraged funds and
FINRA,
It's come to my attention that you are considering restricting how individual investors such as myself can make investments in leveraged ETF's.
I am a long time investor and happy customer of Proshares QLD and TQQQ. I as well as many of my friends and family members have invested in these leveraged ETF's and are completely satisfied with their performance and
This regulation would be used by financial advisors to essentially create a tax on individual investors who want to get exposure to certain financial products directly on their own. Perhaps there should be regulations that explicitly lay out risks of certain investments, but to force individuals to take a test or be licensed to directly buy certain investment products is entirely un American.
The very fabric of America's growth and wealth (much of the wealth is given to almost the whole world) has been based on the ability of the average American Citizen to exercise his/her right to decide what is proper and acceptable for them to do, barring illegal acts under our Constitution and State Laws. The idea that we need someone (a regulator) to oversee our investment choices (
