Hello, This is a good movement to stop all leveraged ETFs. I have lost lot of money in the past in investing these leveraged ETFs. I would also request Government to stop all options trading and short selling. Government should audit upgrades an downgrades done by big banks. They are doing it without any proper justifications. Thank you.
To may it whom concern,
I believe its unfair to regulate leveraged investments in te middle of a financial "crisis". The stock is deeply down, so it could be a measure that affects an important amount of people and their welth. I, Rafael Sanabria, invested on these ETFs knowing the risk that they imply in my portfolio. Please let us trade by ourselves.
Thank you for listening
This is a huge mistake. Retail investors are much more sophisticated than you are giving them credit for. WE DO NOT NEED MORE BABYSITTING AND HANDHOLDING. We have the right to take the risk and invest in products that we so choose. Let us trade and invest in these complex products. The proposed rule changes are insulting, unamerican, and disgraceful.
I think the powers that be should leave this alone. As an investor I take responsibility for my own trades and understand the nature of decay on leveraged funds. Don't establish new obstacles for investors based on their net worth and further retard their ability to make money. Yes, there is a learning curve and there is some danger, but let the investor figure it...it's part
My right to invest in certain funds should not be based on my net worth or ability to pass a special test. A majority of my investment income is recieved through both leveraged and inverse funds. Removing my right to trade these public funds will be stealing money directly from my pockets only to give to the rich and privileged.
I'm astounded that you would attempt to limit access to leveraged funds on on regulated securities through registered brokers on public regulated exchanges, while doing nothing to restrict trading of unregulated, crypto currency in speculative ponzy schemes, that are wildly volatile, and subject to blatant market manipulation with pump-and-dump as a regular practice. This is the
Why are WE THE PEOPLE allowing this new group of political socialist/communist make decisions for us? We voted them in office to work for us. If a trader wants to trade leveraged funds then that is our business. There needs a stop to this over governing of us the same the FDA needs to keep their nose out of things like banning the supplement NAC.
FINRA is right to have concerns about leveraged and inverse ETFs for retail investors trading on their own without a broker or advisor. Simple attestation and acknowledgement of risks with education is the answer. Investors are constantly told investing has risks and the primary focus should be on education of those risks without detrimental affects on broker dealers, brokers or advisors.
This poses a severe threat towards market fairness. It's like locking people up in their house because of a Flu. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are and finally, the liquidity will be severely affected if passed.
Do not limit investors ability to invest in leveraged and inverse funds. These are a tool just like any other tool. Investors know their risk and reward and chose to buy or not. If you know what is best for investors than you should quit your job and trade for your living since you know better than everyone else.
