I am opposing to any additional restrictions on my rightsfor trading leverage and inverse fund. Any additional restrictions put in place will further taking away the balance and fairness of investment ability and tools that available to general public. Let traders and market goes it's natural course. Stop imposing further restrictions to choke the rights and options of average traders. Stop
Honestly this is unbelievable, I could write paragraphs for the person reading this but Ill make it simple. Demonstrate a high net worth along with the other regulations being set in to motion is one of if not the most absurd thing Ive heard. Just come out and say the government is planning to keep the rich rich, and the poor as poor as possible.
Buying LEVERAGED AND INVERSE FUNDS is my right, especially in the down market.
The proposed rule is an over reach and unnecessary.
Please leave well enough alone. If you want to do some restricting then restrict Congress and their families from front running stocks.
I should be able to choose what is right for my investment portfolio. If I make the mistake and not do my research then its my own fault. I shouldn't have to take a test when its my own money im investing.
Placing limits like this is overly burdensome on investors. There are enough protections in place, more rules and educational requirements are a joke. All they do is make everything more costly and cumbersome.
To FINRA, While it may seem to you and any so called 'regulatory' body that you hold the ultimate decision in what free citizens can and cannot do with their property, this is not the case. Under the Constitution, of which you are subordinate, you may not unduly infringe upon the rights of the individual citizen to dispose of their property as they see fit unless they have violated the
You should not restrict access to me trading Leveraged or Inverse funds. I am currently in one of those and know the risks. You have no right to make me pass a test to trade these. These are public securities. We are already warned by our brokers that there is risk. That should be sufficient.
Investors need to make their own decisions about these products. Inverse ETFs allow me to short the market as a hedge without having to take on the unlimited liability of actually shorting the index ETFs.
