As a long time investor, I should be able to decide for myself how much risk I want to take in my investments. It is no benefit to make things more difficult for everyone.
Markets need to be allowed to function freely. There are few products that allow individual investors to hedge risk in the marketplce. Please do not meddle for "our protection". Thanks GCP
Each person should be able to choose the public investments and risks that are right for him and his family. Public investments should be available to all of the public, not just the privileged.
Dear FINRA: I'm a long term buy & hold retail investor of leveraged exchange traded funds (ETFs.) I am a significant shareholder of ProShare's ETF "UPRO" at owning 0.01% of all outstanding shares, and of Direxion's "TMF" owning 0.07% of all outstanding shares. If you were to consider me an institution, I'd be rank #12 of ownership in terms of shares
We lived in a free market society, if I or anyone else wants to risk our money on investments the government should not be able to decide who has the opportunity to do so.
I understand the risks and the benefits of leveraged ETF. I still can trade options. For years I prefer to trade these leverage ETF. I hope you dont change the rules.
Thanks,
Pallop.
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EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC) has approved an amendment to Article III, Section 28 of the NASD Rules of Fair Practice requiring an associated person to notify the employer member in
I AM FULLY AWARE OF THE RISKS INVOLVED, AND DO MY OWN RESEARCH, AND HAVE DONE REASONALBLY WELL IN THOSE INVESTMENTS. AND DEEPLY RESENT YOUR EFFORTS TO PPARENT ME.
The Credit Risk Management, Liquidity Risk Management and Net Capital sections of the 2023 Report on FINRA’s Examination and Risk Monitoring Program (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations and related considerations, (2) findings and effective practices, and (3) additional resources.
I have been investing in leveraged funds for many years. I am completely comfortable with the risks involved and enjoy having the choice to do so. Please reject the proposed regulations.
