I consider these proposed rules to be yet another abridgment of a citizen's right to do with his money what he chooses. I have half a century of experience in investing in stocks and bonds of all varieties. I learned how to do it the hard way, not by taking a test, but by self-study and experimenting with various instruments. I administered 2 employee pension plans as well as my own
IMO this is excessive overreach by regulators. There is very little about leveraged or inverse funds that is any more complicated than their ordinary counterparts or mutual funds. I would venture to estimate that fewer than 1% of mutual fund owners could name the top three holdings in any mutual fund they have. Most of these inverse funds are even simpler: they have basically ONE holding. How is
1. Leverage to the extreme has gotten us into a lot of financial problems ... people, companies, cities, states, the country as a whole and the world. Mortgages with no money down (total leverage), 5X and 10X leverage bond products sold prior to the 2008 crash or 3X funds for stocks or commodities.
Often, when these investments break down, the issuers get off with a slap on the hand and the
I oppose restrictions of my right to invest! I just recently started investing heavily. Honestly, its the only thing keeping me above water. I dont make enough from my two jobs to support my family and also enjoy them. Im too busy working. Investing is giving me light at the end of the tunnel.
Ive never had this much hope for my childrens future. Ive lived a life that has experienced a lot of
Hello,
I am not really clear why FINRA is involved with leveraged or inverse ETF's / funds.
Every investor signs an agreement with each and every broker (account) that they have in that they have the insight or knowledge of the stock market to make these decisions (as well as option trading) on their own without regulation.
In my mind this does "NOT" need to be
Hello,
It is important for all investors to be able to access complex and leveraged products without discrimination. By placing a limit on retail investors, we are limiting their ability to make conscientious and smart decisions, which reduces their ability to succeed as investors. By removing the ability for the public to by all public investment products, FINRA is furthering the development of
I strongly oppose any restrictions of my rights to invest in leveraged funds. I should be able to make my own investment decisions with my own capital. I, along with many others opposing such restrictions are well aware of the risks involved with investing in leveraged funds and many of us use such funds to enhance our returns during periods of economic growth (i.e. 2010 - 2020). I do not need to
Comments: As part of a long-term, diversified portfolio, a minor portion of my holdings lie in leveraged ETFs. The largest risk associated with these leveraged funds equates to nothing more than simple mathematics. An additional risk, which has already proven true in the past for other financial tools, is the prohibition of the common investor and trader from the use of these instruments.
I am
Summary
This Notice shares key operational changes in FINRA’s Membership Application Program (MAP) implemented to improve its effectiveness and efficiency (MAP Transformation), including establishing a centralized application intake function and aligning the program with the firm grouping model developed by FINRA’s Member Supervision Department during its recent transformation.
Applicants are
Hi there, well to be honest even if we let you know what we have to say isnt like anything will change. Just look at how long HFs and MMs have had to not only make big gains but also manipulate and aren't doing the right thing. But neither is anyone in power. Not the president politicians mms the sec and all ppl in gov't. Its been 6 months and all the bs is still going on. More