A blanket ban on leveraged and inverse fund trading is excessive. People want access to a variety of options based on their perception of where markets are headed. Limiting access to these types of financial instruments just creates more inequality in the financial system. Please do not pass this regulation!
I quite often trade and invest in TQQQ, a triple leveraged fund. I believe that it is my fundamental right to invest as I please whatever strategy works best for me in any market condition. I would hope that FINRA would not restrict the buying and selling of this fund in any way.
I don't believe small individual investors should be limited from investing utilizing leverage as long as they accept the risks. These inverse and leverage funds allow small investors to reduce the slippage inherent in trading options. The assumption that a small investor is a stupid investor is elitist and insulting.
I'm in favor of trader/investor *education* but not additional restrictions. In fact, I oppose PDT because $25000 is an inappropriate amount of money to risk while learning. $1000 would be plenty to learn how to trade. It's the transaction quantity that builds experience. Thousands are required to learn effectively.
To whom it may concern,
I oppose any regulation in my investment choices. Right or wrong, individuals must maintain the right to make their own investment choices. If regulation must be pursued, then focus on insider trading practices of members of Congress. This is where regulation must occur.
In USA everyone must have freedom to invest anyway they like, we dont need FINRA to block trades under the disguise of protecting investor. As investor everyone should understand risk of losing money, its individuals responsibility not some Government created entitys.
It is entirely inappropriate to limit public access to trading L&I funds. The idea that the public needs protection from these complex products reveals only FINRAs ignorance as to the general intelligence and sophistication of the public. FINRA ought to propose a rule to limit the limits it is allowed to put on the public.
You are attempting to channel Retail investors into categories in an attempt to regulate their trades. If you would actually regulate the Banks, Brokers and Short Sellers these new regulations against Retail would be unnecessary. It appears that Retail traders have become a threat to your "Status Quo".
The use of inverse funds helps me reduce risk in times of market
Volatility!
If this action is taken my only option is to be in or out of market
Please dont take my ability to trade on money I have earned
Allow freedom to investors to continue to think for ourselves
Regulators should not be allowed to identify correct investments for myself and my family.
Testing that permits individuals to invest in public securities should be prohgibited.
I do not wish the govenrment or a regulatory body to pick 'winners' and 'losers' among publicly traded securities.
Edward Lerp Jr.
