Dear Financial Representative, I do NOT want trading on the TQQQs and other leveraged funds to be regulated. I believe investors should have the right to trade public investments without restrictions. I am an experienced and frequent trader who uses this avenue exclusively to build weath within a portion of my overall portfolio. The volatility inherent in leveraged funds is the key to success in
It is very important that I as an investor have the right to freely access the entirety of the public securities markets without arbitrary restrictions. It is my freedom to choose the investments that I believe will achieve long-term financial security. The definition of "complex products" is broad and vague. I am capable of understanding leverages and inverse funds and their
1. What specific FINRA rules should be a focus for modernization based on their economic costs and benefits; changes in markets, products, services, or technology; or otherwise? What groups of FINRA requirements should be a focus? Please include FINRA rules that may be mandated or derived from a statutory or other non-FINRA regulatory requirement applicable to FINRA or its members.FINRA Rule 3210
Dear Regulators: I have been investing for over 50 years. I have traded stocks, bonds, commodities, futures, options, and currencies. I do not want regulations telling me what I can or cannot invest in. I am responsible for my choices and the resulting consequences. I enjoy researching various instruments; especially leveraged and inverse ETFs. I often use these instruments to increase my returns
I oppose the proposed action by FINRA. Many investors use leveraged products as insurance or hedges to counter market volatility. The proposal is a direct confrontation on my freedom to make my own investment decisions.
I have over 30 years of investment expertise and realize the risks in inverse and leveraged funds. They make up only a small portion of my total portfolio and are used to protect
As an individual investor I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am
capable of understanding leveraged and inverse funds and their risks. If I am not familiar with the investments then that risk lies solely with me. I can enlist the help of professional management if/ when needed
It seems that our government is increasingly inserting itself into the lives of its citizens, insinuating that they are not competent to make their own decisions regarding risk. In my case, leveraged investments allow me to keep a larger percentage of my portfolio in cash (liquid and lower risk). The leveraged investments allow me to participate in the market.
I shouldn't have to go
I am opposed to the limitations the FINRA is contemplating imposing on right to choose who I invest with and what I invest in.
I am also against FINRA, a Not-for-Profit organization regulating my right to invest with whom ever I want to and in what I invest in and to have me go through any special process and testing I might have to take before investing is unconscionable.
Most investors are not
Regulators should stay out of choosing what types of publicly traded investments are right for market participants.
Public investments should be available to all market participants, not those deemed "worthy" by regulators.
No one should have to take a test in order to trade a leveraged or inverse ETF.
Leveraged and inverse funds are important for portfolio strategy,
I'm writing to express my opposition to restrictions inhibiting my ability to invest in public investments.
I'm an informed and experienced investor. I have gaind my knowledge through study and experience in the markets. I understand leveraged and inverse funds and the though of restrictions and the possibility of having to navigate a special process (test taking) is
