To whome it concers.
Limiting publicly traded funds to only people regulators deem apropriate is an overstep. Traders are already aknowlging these funds are risky. But it should be the traders choice to risk those funds. Not regulators.
Leveraged and inverse funds are an important part of my investment strategy. I'm reluctant to be a short seller given the risk, however, with an inverse fund, I can still grow my portfolio in an overall downtrend.
Comments: My comment is I study the markets daily and I have a MBA in Finance. I understand the risks of the leveraged and inverse ETFS. I trade the products as part of a comprehensive overall strategy on a short term trade basis.
I oppose these restrictions. I must sign an annual agreement with Schwab that I understand the risks of ETFs. The ETFs are part of my investment strategy. There are enough rules and regulations today, we do not need any more.
I appose restrictions to my right to invest. I am capable of making the decision to invest in an inverse fund to hedge risk for my traditional equities. I do not feel it is necessary to restrict my access to these investements.
I oppose any restrictions on my ability to buy leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I use them selectively to enhance returns on my overall portfolios.
Please dont make these changes. As an AMERICAN adult I understand the risks in investing and believe its my choice on which securities etf and cryptos to put my hard earned money into. thanks for reading
I fully support this regulation. As a senior, I have seen other seniors making totally inappropriate investments in complex high risk instruments. There is no reason that an investor should not be fully vetted before making these choices.
In the FINRA Dispute Resolution Services forum all prehearing conferences are held on the Zoom platform with video and, generally, hearings are held in person unless the Codes of Arbitration Procedure provide otherwise. Also, the parties may agree to, or the panel may grant a motion for, a prehearing conference or hearing to be held another way.
SR-FINRA-2019-009 has been approved by the SEC. Effective May 8, 2019, this rule will no longer be applicable. Please consult the appropriate FINRA rule.
/01 Trading Against Firm Recommendations
Reserved.
/02 Private Sales
Reserved.
/03 Conversions, Acquisitions and Changes in Business Activities
Member organizations are expected to notify the Exchange when planning
