Implementation of #S7-24-15 will adversely affect my ability to strategically leverage and use inverse funds to hedge against losses on my stock accounts. I should be free to make the public investments need to protect my family's assets without regulatory interference. Please do not remove another freedom!
I am aware of the risks involved in leveraged and inverse funds. I use them to hedge my portfolio, not as my primary investment vehicle. I do not think I should need to take a test, or have a certain amount of assets to invest in these funds. The funds should be available to all investors. Existing disclosures are sufficient.
These type of investments are critical to attain capital preservation.
Py Capital gains tax already... [REDACTED]
Chairman Sarbanes, Ranking Member Gramm, members of the Senate Banking Committee, thank you for this opportunity to testify today on the vital, troubling and timely issues of investor protection and accounting highlighted by the collapse of Enron. It would be hard to overstate the human tragedy for Enron’s employees, pension-holders and investors caused by the failure of America’s seventh largest company.
Members Reminded To Update PC FOCUS PINs
Members are reminded of their obligation to keep their PC FOCUS Personal Identification Number (PIN) information current. FOCUS filings that are submitted with the PIN of an individual who is no longer registered as a principal of the submitting firm are not considered complete filings.
Background
Each member designated to the National Association of
Requirements of NASD Rule 2420 to broker/dealer arrangement to pay certain commissions and SEC Rule 12b-1 fees to accounts of various employee benefit plan customers.
I currently invest in BITO to diversify my portfolio risk so that I'm not too concentrated in any one asset class. Taking away this ability would only hurt me and countless others.
Investing should be a level playing field for everybody. Requiring certain account balance thresholds is completely unfair.
I oppose regulation #22-08. It will be a travisty to take away my ability to manage my investments with the instruments this regulation intends to limit.
Those very instruments have protected my assets time and time again. With current market conditions, they are needed now more than ever!
I ask that FINRA not enact this regulation.
Leveraged ETF/ETNs do pose risks most retail investors do not understand. However, retail investors that understand the risks should not be barred from utilizing these very useful assets. Broker-dealers should require due diligence in line with that of margin approval and options approval. Specific arguments for this approach include:
1. An investor can lose 100% of their investment in a
