Investors should continue to have choice in investments ... if you want restrictions, let the brokers establish limits and not the government using a broker based form to allow an individual investor to be approved prior to making such investments and to make sure they are aware of the risks
I fully understand the risks associated with leveraged and inverse ETFs. I study my investments diligently and believe I have the knowledge to continue investing in these ETFs, especially during these times when inverse ETFs allow to hedge against the market going down.
I am a former series 7, 6, 63 from 1994 to 2001. Back then people knew risk, with all the information now the public is so much more well informed that regulation should be MINIMAL. Minimal meaning more of a mediator than a regulator.
I want to retain my right to choose public investments without having to pass a test or other special process. I am capable of understanding leveraged and inverse funds and their risks.
Please do not restrict my right to invest in public investments.
This is America, the Land of the Free, not communist China. Capitalism IS about taking risks, AND about taking responsibility for the results. I am an American adult. I expect to be treated like one. You may be a Democrat, but you are still an American. Please don't forget that.
I should have the right to take risk and be able to manage my own money without FINRA interference. Its unfair to me that I work so hard and yet someone else can tell me what I can and cant invest in.
We would like to have the choice to invest in leveraged and inverse funds and ETFs, as they play an important role in my investment strategy. I am capable of understanding these unique products and associated risks, and do not need any special purpose tests.
Inverse ETF funds like those offered by Proshares are an important tool to help me self manage my stock portfolio. Rather than sell stocks to achieve a desired risk level, I frequently use inverse ETFs to hedge.
I oppose any restrictions to my right to invest in leveraged stock funds. We are fully capable of reading and understanding the risks and opportunities of these type of funds and don't need further regulations by public self-serving bureaucrats. Please leave us alone!
The proposed rules are prejudiced and outright racist. Who knows better than the individual how one wishes to spend, invest or throw away their own money? Certainly no bureaucratic rule setter whose never met the risk taker.
