I use leveraged and inverse funds to hedge my investments as well as in order to seek better returns. They are a limited portion of my portfolio. I have read all the appropriate documents related to their risks and I have accepted such risk in a responsible manner. Any regulation on such funds would negatively affect me by restricting my investment opportunities and options. Such opportunities
I oppose this regulation. You should be subject to something akin to the hippocratic oath. You often skip right past the "first, do no harm" stage and go straight into surgery, assuming that you can make things better through burdonsome regulation. I continue to be surprised that your constituent members have not recognized the many ways that you have outgrown your charter and outlived
Leveraged funds have allowed me to expedite my path to retirement and provide a better life for my family. I am fully capable of managing my money with leveraged ETFs. Regulating these funds would directly reduce the tax impact and would impact the economy negatively as I would not be able to spend as much as I could otherwise. Please do not my right to invest FREELY in leveraged funds.
I am outraged that FINRA has the temerity to even think of treating investors as small children! As an Options Trader, I find leveraged and inverse funds to be child's play.
We have enough stupid people in government who think the American people are idiots.
I think we need to disband the current members of FINRA and find real Americans to do this job. Or better yet, dissolve FINRA
Against. Unreasonable to take away. The govt does not know my finances or abilities better than I do. I must be able to choose how I invest.
If there are new restrictions on buying or selling such investments, that could be terribly punitive to current holders. We already saw huge unfairness when investors were restricted from buying GME last year. Let's not see that sort of mess again
This proposed rule is an infringement on investors' freedom to invest in whatever they want to. Investors (not regulators) should be able to choose investments that meet our needs. The FINRA better not move forward with this regulation as investors are not in favor of this. No investor should have to go through special classes or processes to invest. Investors have the ability to
Remarks by Chairman and CEO Richard Ketchum at the FINRA Annual Conference
I oppose any new regulation that is going to limit my ability to freely buy and sell shares of certain stock. As average middle class citizens trying to get by we are already getting stretched thin with the recent lowering of the $600 threshold (1099) with this current awful administration, and now this. Stop proposing measures that will only hurt average middle class citizens trying to better
I have been trading leveraged and inverse products almost since their inception. I understand these products and have used them for close to 20 years and have never had a problem. They are the majority of my trading/investing strategy. I cannot understand how taking a test is going to be a better metric for understanding these products than 20 years of "skin in the game". Also I believe
This is the most rediculous proposal I've heard in a long time. Inverse funds allows investors to stay in turbulent markets. Does FINRA believe passing a test makes you a better investor? Answer: NO. Without these products, individual investor choices become; exit the market, short stocks/ETFs, or options. If FINRA takes the proposed action, they will make lemmings out of the average
