If you own crypto assets, or are considering doing so, it’s valuable to have at least a basic understanding of blockchain, the technology protocol that powers most cryptocurrencies, including bitcoin and ethereum. Blockchain uses computer code to create, maintain and update information shared by blockchain participants.
In the United States, each individual should and have the right to be responsible for ones own decisions regarding his/her own life matters, including ones assets and possessions. Everyone ought to be able to invest in all public securities, since they are to the public. Diversify ones portfolio is a balanced way to invest. Leveraged and inverse funds are part of the vehicles to diversity, which
FINRA,
I am strongly opposed to regulations being considered to limit the ability of the public to invest in leveraged and inverse funds without such things as passing tests on investment knowledge, demonstrating high net worth, getting approval from a broker, attesting to reading certain materials, and going through "cooling off periods" during which one cannot invest.
The most effective form of government is the government that governs the least. With every additional bit of regulation, the regulations that matter become more diluted. Tread lightly, choose wisely ladies and gentlemen, especially when it comes to telling the populus where and how it may utilize it's monetary assets. If you didn't put in the work to acquire the earnings, how
Dear Sirs/Madams:
I object very strongly to any FINRA regulation which would limit my freedom to choose my own investment tools to manage my own assets. I have been an investment professional for more than 60 years and fully understand the risks of inverse and/or leveraged ETFs which I use as a hedge against market risk.
John M. Bruderman Jr., CFA charter 1841
Inverse funds are a great option to hedge against other family assets and liabilities. We utilized ProShares UltraShort 7-10 Year Treasury to hedge against rising interest rates for debt that needs to be refinanced in the near future. This was a well thought out and planned strategy, that has worked perfectly. Once the debt is refinanced we would look to liquidate the ProShares UltraShort 7-10
This likely wouldn't protect as intended. Those with this risk appetite will simply search out other risky (and riskier) assets. Restricting the free market in this way will just hurt more than it will help. The risks associated with leveraged and inverse products is well documented, and all brokerages that offer them prompt with warnings before allowing trades. Adding extra bars for entry
Let capitalism work itself out and stop adding regulations. There's risk in anything and everything we do.
I want to have maximum flexibility on the type of stocks, mutual funds, and all ETFs that fit my investment strategy. Using leveraged ETFs is a significant part of my strategy and has been for the last 10 years. The leveraged ETFs have played a significant role in creating a very robust fund of assets that I will be able to use for retirement. Please do not restrict my ability to invest in
I have already been blocked out of adding to my investments on certain crypto apps. Why are you preventing me from earning interest on assets that I purchase? you did the same thing when you shut down GameStop trading to cover your [REDACTED] because you had shorted the heck out of it, beyond any reasonable amount. Dont let your greed destroy you.
