I should be able to choose my own public investments and
not a disinterested party.
I have traded leveraged investments for over 10 years and understand the risk involved - and with today's volatile markets it enables me to better control potential wild market swings without risking a large amount of capital..
I oppose restrictions being placed on my right to choose and invest in stocks/bonds/annuities/funds/ETFs/crypto with my own resources as I see fit.
I have been investing for nearly 30 years, carefully researching the products I trade without relying on any particular broker nor adviser. I have recently added cryptocurrency assets, including BITO Proshares. I view this as an additional branch to
To whom it concerns at the FINRA. I have heard that y'all are considering adding regulations to leverage and inverse funds. I strongly oppose additional regulations as I believe such regulations will burden investors and our saving goals. Regulators should not be in charge which public investments I would like to choose, they already regulate 14% of our salaries for social security.
I strongly disagree with the addition of any new oversight related to leveraged and particularly inverse etf's. I use them to hedge/protect my family's assets particularly in periods of heightened volatility, which is becoming increasingly frequent as the machines/algorithms have taken over trading (an area that regulators don't appear to be overly concerned with).
Please see comments.
Pass a regulator-imposed test of your specialized investment knowledge
-- This should be a few questions, not complex, just a couple basics.
Demonstrate a high net worth
-- Not high. $2,000 or something like that.
Get special approval from your broker
-- Not special approval, just the broker sees the $value, asks the questions, and then approves.
Attest to reading
I understand that regulations being considered by FINRA might impact my ability to invest in leveraged funds or place an unnecessary burden on being able to do so. I have been managing my portfolio for only a few years now and am on a fast learning curve. Investing in a triple leveraged index fund was not such a hard decision and I put less than 5% of my total wealth in it. I've made
Are you people out of your mind? The market is going down, the economy is bad, a negative GDP number today, and buying inverse ETFs is the way people can protect themselves from falling asset prices and being put out of work. Why in the world are you doing this now? It seems like a desperate move to keep the market from reaching lows. You are not helping me. You are hurting me, and I do not want
As an investor I want and deserve the freedom to make my own choices about assets in which I invest. The SEC should not be taking on the role of "big brother" to oversee and perhaps overrule the decisions of millions of investors. Many of the decisions that all Americans make carry risks even greater than our investments. For example, the person we choose to marry or our career choices
SUGGESTED ROUTING
Senior ManagementOperations
Executive Summary
On January 14, 1993, the Securities and Exchange Commission (SEC) approved amendments to Sections 59 and 65 of the NASD's Uniform Practice Code (UPC) establishing close-out procedures for instruments based on the performance of an index, currency, or other measure and establishing close-out and fail procedures to
Frequently asked questions about Structured Product Reports
