Freedom not Congress Controlled or regulation that only benefit few. This is AMERICA not a third world or Communism
Please don't change anything with the inverse and leveraged ETFs.
A free market is supposed to be just that, a free market.
Please don't block a future where people can be become financially free and not living paycheck to paycheck.
It is my money and I should be able to do what I want with it.
Leverage ETF is like a high growth stock. It makes no sense to require investment to pass a test to trade or even hold the leverage ETF.
Netflix (NFLX) is a good example of a high growth stock. It was one of the best performing stocks for over 2 decades, but in just 5 short months, it drops from $700.99 on 11/7/2021 to $199.87 today's closing (5/3/2022) or down over 70%.
I believe it is my right to invest my funds anywhere I choose. It is part of my rights to the pursuit of happiness guaranteed in our Constitution. Nobody else knows my needs as I do and nobody should have the power to tell me what to do with my finances as long as I am not infringing or hurting someone else's rights. Having a group of regulators telling me what to do is wrong.
Sir,
I invest about 25 Million Dollars as an individual investor and I have more than 25 years of experience in investing using complex strategies (Leverage Funds/ Inverse Funds/ Call & PUT Options, etc)
All the above mentioned strategies are important for overall balanced approach to Investment and I would not like it to be taken away, neither do I want to take tests to be granted
I am of adult age, I do not need a baby sitter.
To whom it may concern,
FINRA has proposed a raft of potential restrictions on so-called "complex" investment products, among them leveraged and inverse funds. Whereas some of the proposed restrictions are at least somewhat reasonable, like passing some sort of rudimentary test to ensure the investor is aware of what the product is, others are downright outrageous, such as not
