I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on you.
5/7/2022 ..Special Test! Do I need you to look over my shoulder as I decide that the price of a security is unrealistically high? Maybe force me to take a special test to judge if I am worthy to take a position?
So what is it? A complete lack of understanding free/fair price discovery? Or arrogance that you (the experts??) know best for the rest of us.
Have you noticed that markets go up and down
I'm an ordinary investor in my 50s and have been investing in leveraged and inverse ETFs for about a decade. As an adult and investor I should be able to invest in leveraged and inverse products without requiring me to jump thru hoops. Leveraged products should be treated like any other high risk stocks or instrument, i.e., raise the margin requirement but do not require any undue
This is proposal is another fine example of government intervention where none is needed. I know that this proposal is written by special interest groups driven by their profit motivation not for the best interest of the public. No one is going to invest in a leveraged fund unless they know what they are investing in. In no way should regulations require that investors go through any special
Under FINRAs potential regulations, if your investments are deemed complex you might be required to: Pass a regulator-imposed test of your specialized investment knowledge Demonstrate a high net worth Get special approval from your broker Attest to reading certain materials Go through cooling off periods where you cant invest FINRA Should mind their own business and leave individual investors
I strongly oppose this regulation, which could disrupt the financial market and discourage people from investing. Nobody need to pass a test before ordering food from Subway. If you're not responsible for your own decision, then government is going to take away your freedom.
I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I'm full capable to understand leveraged and inverse funds and their risks. I do not need these measures imposed on me.
I shouldn't have to go through any special process like passing a test before you can invest in public securities, cryptocurrency funds such as BITO. I am capable of understanding cryptocurrency funds such as BITO and their risks. Regulators do not need these measures imposed on me.
I am writing to express significant concern with respect to regulations being considered by the Financial Industry Regulatory Authority (FINRA) that may restrict my ability to buy leveraged and inverse funds and dozens of other popular investments deemed by FINRA to be complex. Leveraged and inverse funds are very important to my investment strategies. I regularly use them to protect (hedge) my
Inverse funds are used as a means to hedge investments. There is ample information and training online regarding short ETFs and therefore testing investors is an unnecessary administrative and financial burden. Regulations should not be put imposed on individuals who should have the freedom to manage their own risk.
