I oppose restrictions being placed on my rights to invest in the various investment options currently available. I trade in leveraged ETF's, inverse funds and other types of stocks, options, ETF's and mutual funds. I do not understand why restrictions should be placed on a free market place. I oppose you placing any restrictions on me and other investors.
You shouldn't have to go through any special process like passing a test before investing in public securities and inverse funds. I use these funds to offset my other funds when the market goes down.
My opinion is that more regulations and rules imposes more restrictions on traders and more red tape for individual trading.
Dear FINRA, I am an individual investor who has done thousands of trades almost three decades and am fully aware that I am responsible for my own investment decisions. I have absolutely no problem with that. The problem that I WILL have is if you remove or severely hinder my right to make my own life choices. This is not Putin country.
I'm reading that FINRA wants to limit or remove leveraged ETFs that we can buy! I don't want anyone telling me what I can or can NOT invest in! Leveraged ETFs are for traders and I've been trading for over10 years. Doesn't FINRA have anything better to do than trying to control individual traders?
Inverse ETF'S have been a key part of my investment portfolio some several years, providing a seasoned investor like me diverse investment alternatives. Restricting these alternatives would take away alternative investments and force investors back to trading options and other securities. Please do not restrict or remove Inverse EFT'
Leveraged funds have performed the best for my portfolio. I have literally quadrupled my money that was put into UCO and HZOZF(which I can no longer buy due to new regulations) by holding them both longer than a year, not day trading them as they are apparently designed for. Let the adults make adult decisions about their own money.
The Fed and Congress together have conjured, and spent, $6,500,000,000,000 in two years. This coupled with inflation are devaluing the dollar.
FINRAs response? Take control of Crypto and block the exits.
Separately, FINRA is trying to prevent retail investors from trading downward during this decline and instead force them to lock their retirement monies in long. Only long. This is criminal.
To regulate and restrict those people investing with a smaller amount of start monies while protecting and increasing the growth of dirty monies received by washing and redistributing illegal money, like from politicians who sell votes to the highest bidder or like Pelosi who gets early information known as insider trading, passing it and washing it to become legal.
Leveraged and inverse funds are important to my investment strategies. I do not want to have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds.
I do not want regulators choosing the publicly traded investments that are right for me.
Thank you for receiving my comments.
I do not approve of further restrictions on trading leveraged/ inverse funds. They have been extremely important as hedges for protecting my retirement savings in highly volatile market episodes. This is especially true for the 401k/IRA investor who is restricted from margin and short-selling. The answer should be training investors in how to use these funds prudently, not restricting them.
