As the sole owners of our assets, we are the only ones care about and responsible for our wealth. FINRA or any other entity has no right to tell us what to buy and what not to buy.
I manage over $90 million in client assets. A major part of our risk management strategy is to buy up to 35% in inverse funds on the rare occasions the technicals are very bad. This only happens once every few years. We use a 10% stop, so our clients have a 3.5% risk (10% of 35%) to make gains/hedge when the markets make major corrections. This is explained to our clients initially, and at
To whom it may concern,
Please do not limit my investment options. I understand the risks involved with purchasing a leveraged fund. I understand the goals of such funds are to track the return of some underlying asset at a specific multiple. Furthermore, I understand the depreciation of such funds that occurs during periods of market volatility. I am thankful that these types of funds exist
You think you’re arguing from a position of strength. You think asking for the public to comment you’re assuaging the masses. You think we think you’ll actually do something honorable and equitable in response to this open comment forum. We know better. It’s all coming out now. Again. We know you’ve rigged the game and corrupted the market. We know you only pay lip service when moralizing an open
FINRA Requests Comment on a Proposal to Disseminate Additional Securitized Products and to Reduce the Reporting Time Frame for These Products
INFORMATIONAL
District Elections
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Registration
Senior Management
District Elections
Executive Summary
Through this Notice, the National Association of Securities Dealers, Inc. (NASD®) announces the election results for the District Committees and the District Nominating Committees. The newly elected
Direxion put out a request for investors in their products to comment on this proposed action. I figure it would be better to avoid going through their portal. The consensus seems to be that the proposed action, in its details, would ban most investors from purchasing inverse and leveraged funds. These comments apply to exchange traded inverse and leveraged funds, and not similar products that
Do not stop, limit, or gate in any way my ability to invest in leveraged or inverse funds. I am fully aware there are market risks.
Do not limit my ability to take advantage of these asset classes. I
I am an investor of leveraged funds. I believe these products allow me to freely invest in markets I trust. Volatility is obviously higher, but this allows me to further diversify my investments in different sectors or asset types.
By inhibiting access to various trading/hedging vehicles FINRA/SEC is actually preventing the public from protecting assets during periods of extreme volatility. This is supposed to be a "free market", who are the regulators to impose directional opinions on the markets??
