I oppose the proposed regulations to limit access to leveraged and inverse funds. I regularly use such investments to take advantage of key trends and, most importantly, to help manage risk in my investment portfolio. With uncertain times and high inflation ahead, having access to these investments for everyone is more important than ever. Public investments should be available to all of the
At a time when the value of a dollar is being diluted daily, removing a key hedge used to preserve wealth and worse, limiting its use to high net worth individuals is unconscionable. Access to such instruments was democratized when they became exchange-traded, though some brokerage firms (e.g., Vanguard) already restrict access to them. I can understand the imposition of requirements on those
Leveraged ETFs currently provide some of the cheapest forms of leverage available to retail investors at a cost of less than 100 basis points above the daily fund rate. Furthermore, they provide inherent tax advantages in rebalancing when compared to alternative leverage methods such as opening box spreads, obtaining effective leverage through options chains, or managing futures contracts.
Not to
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The National Adjudicatory Council (NAC) has revised the National Association of Securities Dealers, Inc. (NASD®) Sanction Guidelines (Guidelines). The
I am writing to ask that you do not put investment restrictions on individual investors with regards to leveraged funds and inverse funds. These funds are safer than taking out margin in my brokerage account to leverage up my positions. Inverse funds are great for portfolio management at times like this when the stock market is over valued and the federal reserve is raising interest rates. It is
It is not the responsibility of an outside party to decide what is best for me or my family. They have no knowledge of me or my situation. It is my responsibility to review, assess risk and act in my best interest. To that end all risks and rewards are my own. Please stay out and stop the over regulation and coddling based on your need to control and "protect the less/under informed".
The Small Firm Advisory Committee (SFAC) is an advisory committee established by the NASD Board of Governors in 1998. The SFAC ensures that issues of particular interest and concern to small firms are effectively communicated to and considered by the FINRA Board of Governors. The SFAC reviews and comments on all new and amended FINRA rule proposals, and provides guidance to FINRA staff regarding the potential impact of proposed regulatory initiatives on FINRA's small firms.
Dear regulators. How about you do your jobs and protect the investor public by enforcing the laws concerning illegal activities being openly used by hedge fund managers to manipulate the markets to their benefit? It's outrageous that entities who profit ( in insane amounts ) are allowed to control not only fringe investing techniques, but to operate as market makers to directly benefit their
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On September 4, 1992, the Securities and Exchange Commission (SEC) approved amendments to Section 4 of the NASD® Uniform
I am disturbed and appalled to hear that FINRA is planning to prohibit my ability to invest in leveraged and inverse funds. I adamantly oppose to any regulator deciding how I should invest! I am angered by this arrogant and tyrannical effort to restrict how a consumer should invest his/her money. This is a clear and coordinated attack on the retail consumer to place the wealthy at a clear
