I oppose any new regulation to my personal investment. I should be able to choose my own investments. I should not have to go through special process or test to invest in ANY securities including leveraged funds.
ProShares has contacted me about you wanting to increase your regulation of investments. I agree with them and not with you. I dont want you telling me what I cant invest in or requiring me to pass a test to qualify.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 6897 (Consolidated Audit Trail Funding Fees) to establish fees for Industry Members related to reasonably budgeted Consolidated Audit Trail (“CAT”) costs of the National Market System Plan Governing the Consolidated Audit
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 6897(b) (CAT Cost Recovery Fees) to implement a Consolidated Audit Trail (“CAT”) cost recovery fee designed to permit FINRA to recoup its designated portion of the reasonably budgeted CAT costs of the National Market
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend Rule 13606 of the Code of Arbitration Procedure for Industry Disputes (“Industry Code”) to provide that the Director (“Director”) of FINRA Dispute Resolution Services (“DRS”) will provide a copy of the official record of an expungement hearing held pursuant to Rule 13805, and any transcription if the recording is transcribed, to any customers, upon request, who attend and participate in the expungement hearing, or who provide their position on the expungement request in writing.
I have been a long investor in leveraged etf for 3+ years. I dont want to be required to pass tests to continue investing in it. And if people put money into it they should be prepared to lose it whether its leveraged etf or stock as I have.
I am writing this to let it be known that I should be in charge of my retirement investments not the federal government. I have enough knowledge to make these decisions and dont need to pass a test. Inverse and leveraged funds are important to my investment strategy.
I disagree because I have the full rights to invest my own money into any assets I desire, and all investors should be aware of the risk as they invest. Tests should not be required as investors should be and are aware of what we are investing into
I dont feel I or anyone should have to take a test in order to invest in any funds or etf. Im of sound mind and judgement and am very aware of the downsides of inverse and 2x investments. I oppose regulating my investments.
I should not have to go through any special like passing a test before I can invest leveraged and invest funds. I am capable of understanding leveraged and inverse funds and their risks. I dont need these measures impose on me.
