As a small independent retail investor I find leveraged and inverse funds a valuable tool in hedging my investments. They enable me to ride out ups and downs of the market without having to sell, short, and/or rebuy securities in turbulent times. Such funds are an invaluable asset, and access to them should not be denied, or limited to high net worth, professionals.
We do not need any federal agency to initiate any more regulations in this area. Federal oversight of finances has led to trillions and trillions and trillions in debt, with zero actual money or assets in the Social Security trust fund. Please, please keep your hands out of this. You have done enough damage already.
Leveraged and inverse funds are essential to my investment strategy, which involves extensive diversification among asset class and rebalancing. These funds allow me to run a sophisticated strategy that would otherwise be unavailable to me. With simple disclosures, the public can safely use these funds to access strategies that would otherwise only be available to the very wealthy.
Individual investors NEED access to ETFs, and taking access away is against American principles of a free market. ANY investment carries a risk, and by eliminating access to ETFs you are not eliminating risk, you're simply transfering risk to another asset group or to another institution/agent which, by all accounts, is NOT a better solution for the average investor.
Thank you.
These type of investments are critical to attain capital preservation.
Bitcoin is now a standard, conventional asset class, along with stocks, bonds, and precious metals. US citizens should be able to freely invest in bitcoin and bitcoin-tracking funds if they wish. Citizens benefit from having a greater diversity of investment options, including bitcoin and bitcoin-tracking funds. The reality of investing is that each person is responsible for their own investments
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
Py Capital gains tax already... [REDACTED]
SUGGESTED ROUTING:*
Senior ManagementLegal & ComplianceOperationsSyndicateTraining*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The NASD is providing for members' use the Penny Stock Risk Disclosure Document as recently amended by the Securities Exchange Commission (SEC), which brokers/dealers are required to furnish
To whom it may concern:
I was very concerned to hear of the proposed regulatory changes for leveraged and inverse funds.
While I support the surface notion of FINRA protecting retail investors, I do not believe restricting access to these "complex investments" is in any way an appropriate step.
Education is a worthwhile goal, but mandating licensing or other knowledge tests
