As an experienced investor, I fully support this regulation. I assist other seniors in financial management and have far too many inappropriate investments promoted. Anyone investing in a complex, high risk instrument should be thoroughly vetted for knowledge and appropriateness.
Over reach - let people invest the way they deem reasonable. I oppose restrictions on my right to invest in public investments. These instruments are an extremely important part of dynamic hedging strategies that will increase retail investors risks if not allowed to be invested in.
Comments: I am a self directed trader like millions of others. I fully understand the risks and conditions under which I trade. The L &I trade is a vital part of my investment strategy. It would be wrong to limit access to traders like me.
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.
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.
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 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.
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.
