I am an adult of an intelligent age and like all things one is able to do when they are of age, choosing my own investments, employing strategies, and, fully understanding and accepting the risks of a diverse spectrum of offerings, I need the regulators to stay out of my private life.
Our governing bodies should look inward and address their own serious problems. Of the people, By the people,
Please do not proceed with SEC Proposed Rule #S7-24-15. I am a long standing private investor and have used leveraged funds to enhance returns on my investment portfolio. I have a good understanding of the risks involved in leveraged and inverse funds, how they can be used to hedge my portfolio or to provide leveraged returns on the underlying securities, and request that you do not restrict my
Background
In March 2017, FINRA issued a Special Notice on its engagement programs as part of FINRA360, its comprehensive review of its operations. In response to the Special Notice, FINRA received a number of comments and suggestions regarding the usefulness of some advisory committees, their membership and their effectiveness as a vehicle for dialogue between FINRA and member firms. After
FINRA is soliciting comment on a concept proposal to establish liquidity risk management requirements. The concept proposal describes a potential rule, labeled Rule 4610, that is intended to ensure that members have sufficient liquid assets to meet their funding needs in both normal and stressed conditions. Broadly, the proposal outlines three areas where a potential rule might address liquidity risk, including liquidity stress testing, contingent funding plans and a requirement to maintain sufficient liquidity on a current basis at all times. FINRA is issuing this concept proposal so that any feedback received can be taken into account as FINRA considers a proposed rule; any proposed rule would need to be reviewed and approved by the FINRA Board of Governors, and then filed with and approved by the Securities and Exchange Commission. FINRA welcomes comment on all aspects of the concept proposal, including comment on alternatives to the proposed approach.
The SEC requires that broker-dealers create and maintain certain records so that, among other things, the SEC, self-regulatory organizations ("SROs") and state securities regulators may conduct effective examinations of broker-dealers.
I am disagreeing with the concern and motion put forward to regulate ETF products with leverage and inverse properties. As an investor, I am capable of making an informed decision in regards to the risk I am willing to take on with my investments and therefore do not agree with the proposal to restrict these financial products to those with FINRA authorization or special knowledge. If there is an
FINRA Regulators,
I vehemently oppose limitations on my ability to buy or sell leveraged and inverse funds. You should not restrict or prohibit a private person's ability to invest and to make personal financial decisions.These funds help me hedge my investments against inflationary risks. I, not you sirs, should be able to make my own financial decisions. I do not interfere in your
You 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. Explain that you are capable of understanding leveraged and inverse funds and their risks. Tell regulators you do not need these measures imposed on you. Myself, Not people that impose and regulate should have the right to choose what to
This being the United States it's still the land of the free. Each adult of sound mind deserves to educate themselves and have access to ALL investment vehicles. Even those investment vehicles that regulators or other individuals with a different risk profile would deem too risky or inappropriate.
Each person must make their own assessment of risk and whether that level of risk is
Each year, FINRA publishes its Annual Regulatory and Examination Priorities Letter to highlight issues of importance to FINRA's regulatory programs.
