You shouldn't have to go through any special process
like passing a test before you can invest in public securities,
like leveraged and inverse funds. I am capable of
understanding leveraged and inverse funds
and their risks. Regulators do not need these measures
imposed on me.
Summary
FINRA seeks comment on a proposal to accelerate arbitration case processing when requested by parties who are seriously ill or are at least 75 years old. The proposal would help ensure that these parties are able to participate meaningfully in FINRA arbitration by shortening certain case processing deadlines for parties and arbitrators under the Codes.
The text of the proposed
Enough with the paternalistic overreach. Adults should be free to invest the money they have legally earned without regard to class. Having to pass a test to spend your own money is outrageous. Promulgating rules that disadvantage people of lesser means is disgraceful and un-American. This rule change should be rejected.
I want the access to be able invest in leveraged and inverse funds. I understand the risks and dont want take a test to have the access to invest in leveraged and inverse funds. Inverse funds helps me protect my net worth and savings since its hedge against market drops.
I am expressing my opinion of opposition of adding regulation to my ability to buy leveraged and inverse funds. I understand the risks involved and don't feel that taking a test, for example, is necessary. It is just bureaucracy that isn't necessarily going to help with me be less foolish with losing my money, or not.
For me leveraged funds funds are a small part of a well thought out Pro-folio I have put together myself.
Im not some super rich person nor did I have to take a test!
This is a right all should have in a free market environment! It should stay the way it is!
Investors should not face additional regulation for any securities or leveraged securities. I have had tremendous success with owning leveraged securities of many types. All investments are currently purchased at our own risk and we dont need any test or further regulations to do so.
Restricting opportunities for retail investors is not going to help them make better investment decisions or grow wealth. It will only serve to increase the wealth inequality in the U.S. Having investors test in order to trade certain ETPs is an unrealistic burden on investors and a waste of tax payer money to facilitate.
I wish to choose the public investments I invest in myself. There doesn't need be testing to purchase these investments as I fully understand leveraged and inverse funds. I use the ProShares UltraShort 20+ Year Treasury (TBT) to hedge against rising interest rates. Thank goodness this investment is available to the general public!
I, shouldn't have to go through any special process like passing a test before you can invest in public securities.
I , not regulators should be able to choose
the public investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
