On December 1, 2009, the SEC approved FINRA's proposed rule change to adopt a new set of rules governing clearly erroneous transactions in the consolidated rulebook.
There's no reasonable excuse to prevent anyone from investing into any public investments. There are plenty of legal investment brokers for sound financial advice. It appears that once again the money is trying to keep those of us trying to build up a stable financial security for ourselves.
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FINRA Notice of Special Meeting of Small Firms and Proxy
"Complex Products" as FINRA calls them are an extremely important part of the financial system. They allow investors of all sizes to hedge against downside risk and increase upside potentials. Restricting their access would be extremely detrimental to the financial health of the markets and to millions of investors of all sizes.
Retail investors deserve to make their own financial decisions and and the opportunity to profit from their investments. Eliminating leveraged and inverse ETFs would remove financial tools from ordinary Americans while allowing large corporations and investors to continue to profit. It's unfair to normal people.
I have been in leveraged ETF's for about 6 years. The criteria that Fidelity has in place is more then adequate to assure that the ETF investors can deal with the volatility based on their financial status. The market today is quite down but I'm not hurting because my basic financial situation is sound,
As a retail investor, I do meticulous research on the financial health of companies I invest in, and do quite a bit of work to justify adopting a particular strategy or level of financial risk. Closing off inflows of retail investment dollars damages me, and my investments, regardless of the intent of the rule
Investors need financial freedom to invest in inverse and leveraged ETFs. FINRA needs to respect the publics freedom of risk appetite and not subject the members of the public who are experienced and educated individuals to extensive regulation that can harm our long run returns and financial well being
Stop trying to restrict my right to invest in whatever investment I feel is right for me as an American citizen . I am an adult and do not need the governments to make financial decisions about what I can and cannot invest in. Stay out of my financial affairs as they are not your responsibility to manage.
