Im more than capable of analyzing risk and choosing what investment opportunities to pursue. Government agencies should not restrict investment opportunities or make access to them more difficult through needless testing, cooling off periods, or be forced to explain my understanding of the investment and the associated risks.
I should not be limited to make decisions for myself and family, not regulators. I should not have to pass a test and jump through government hoops to invest in public securities.Leverage and inverse funds are a hedge of other investment I have to protect overall returns. I dont need unnecessary restructures placed on my freedom to invest.
JOINT REQUEST FOR COMMENT
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Registered Representatives
Senior Management
Training
Correspondence—General
Electronic Communications
Rule 2210 (Communications with the Public)
Rule 2211 (Institutional Sales Material and Correspondence)
Rule 3010 (Supervision) Supervision
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.I shouldn't have to go through any special process like passing a test before I can invest in public securities like leveraged and inverse funds.
I don't think regulators should make the determination what investments are appropriate for my needs. There should not be obstacles to investing in inverse or leveraged funds. I am comfortable with taking on that risk. Adding a regulator-approved test in order to be able to invest in these funds is an unnecessary intrusion on my right to invest as I see fit.
Please do not restrict my rights to choose what I invest in. Any publicly traded stock should be just that. Public. If I want to buy it I should not have to pass any kind of test. I am just as smart as any regulator and am able to make my own investing decisions.
Leveraged and inverse funds are important to my investment strategies. I should be able to choose the public investments that are right for you and your family. I 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.
SUGGESTED ROUTING*
Senior Management
Legal & Compliance
Trading
Training
*These are suggested departments only. Others may be appropriate for your firm.
IMPORTANT MAIL VOTE
EXECUTIVE SUMMARY
NASD members are invited to vote on extensive amendments to Article III, Sections 1
ProShares is same as all other investment such as equities, options, futures, and Forex. They has it's own risk and reward. Restrictions on one asset is not fair. Investors should have the right and freedom to pick their investment; and should not have to go through any special process of test. I am strongly object.
I am competent to decide whether leveraged or inverted instruments are appropriate investments for my portfolio, and do not want to be required to pass a test or observe a cooling off period. The current restrictions and guidelines in place for these investment vehicles are adequate, and more limitations to individual Liberty would be serious over reach by FINRA.
