Dear Sirs: Please do not restrict investment options such as trading leveraged and inverse ETFs. These funds can be an important part of a diversified portfolio. Taking investment tools from the public can increase rather than decrease risk.
Hands off our investment opportunities. If you want to regulate start with the Nancy Pelosi s of the world..no more insider trading by Congress. But hands off the little people. Were just trying to make some Pennies out here
ABSOLUTELY PUT THE BRAKES ON INVESTORS! You NEEDED TO CONTROL COMPUTER TRADING, TOO! IN FACT, DO US ALL A FAVOR AND TAX EVERY STOCK TRANSACTION, NO MATTER WHAT KIND, AND ASSESS INCOME TAX WITHHOLDING AT THE TIME OF THE TRANSACTION!
I strongly appose the proposed restrictions on any investments. It should up to me the investor to decide what i want to do with MY money.
These restrictions will cause turbulence in trading these securities and lead to billions in losses to investors who hold these now
I personally have held series 3,4,7,24,55,63,66 licenses in the past and well aware of how leveraged financial instruments work!!!!
If the instrument is publicly traded the public should be able to take positions in it....quit trying to manipulate how the market works
I am a self directed trader like millions of others. I fully understand the risks and conditions under which I trade. Leveraged products are a vital part of my investment strategy. It would be wrong to limit access to traders like me.
Comments: I am well aware of the risks of trading leveraged etfs and have been doing so for many years as a hedge to other investments. I would appreciate if as an investor I am allowed to do what Is most suitable for my portfolio.
Chairwoman Waters, Ranking Member McHenry and Members of the Committee:
Introduction
On behalf of the Financial Industry Regulatory Authority, or FINRA, I want to thank you for the opportunity to appear today to discuss the important role that our organization plays in the regulation of broker-dealers and to share our response to the January market events related to trading in GameStop and
Please don't interfere with these ETF'S that are leveraged. I've made very good money trading TQQQ over the years and for those that just hold it; it's compounded about 49% each year! I hold QQQX because it pays a phenomenal dividend. I also love URTY to capture small caps. There are several of the pro shares I like. Look you can lose money in anything. These last two months I
An inverse ETF or even a leveraged ETF takes far less knowledge and understanding to invest in safely than a whole host of other publicly traded securities for which no similar requirements are being imposed. All one has to understand is that the security is designed to and reasonably likely to trade in the manner it is advertised by its promotors .... which is usually tracking an index or the
