I'm a financial professional fully licensed with a Series 7 and 24. I utilize leveraged funds not only in my retirement account but also in my retail account. I utilize leveraged inverse bond funds, biotech funds and QQQ etfs. There should be no limit on these funds, with the exception of 300+ % leveraged funds. That's when risk becomes unmanageable in my opinion.
Please let us continue to utitlize inverse etf's, these are essential to protecting my retirement nest egg as we go through periods of volatility in the market. I use them to hedge my positions in stocks without having to sell any stocks and incur long term gains or excessive trading of those assets in ira accounts.
The Fed and Congress together have conjured, and spent, $6,500,000,000,000 in two years. This coupled with inflation are devaluing the dollar.
FINRAs response? Take control of Crypto and block the exits.
Separately, FINRA is trying to prevent retail investors from trading downward during this decline and instead force them to lock their retirement monies in long. Only long. This is criminal.
Please leave any regulation changes out of leveraged ETF's, these should be able to be traded by everyone. I use them for a retirement account along with swing trading them and don't want the changes to not allow me to trade them any longer. Regulation is an over-reach effect that only holds free market back, thanks for your time and consideration.
All my life I have worked so That I might retire comfortably. Not rich, but enough to pay bills and live without any monetary assistance from the Government programs. President Regan once said two things that you should be aware of. Hi Im from the Government and Im here to help. Please leave the cryptocurrency alone.
I do not approve of further restrictions on trading leveraged/ inverse funds. They have been extremely important as hedges for protecting my retirement savings in highly volatile market episodes. This is especially true for the 401k/IRA investor who is restricted from margin and short-selling. The answer should be training investors in how to use these funds prudently, not restricting them.
I have been investing for over 35 years. I have been using leveraged and inverse funds during that time. I don't need the government protecting me. I have worked as a financial advisor for about 15 years before retiring. I don't need you hovering over me to "protect me from myself!" Back off!!
It is very important for an informed and risk aware investor to take calculated risk. While leveraged funds are riskier than traditional stocks, funds, etc, none-the-less, they provide a very crucial diversification alpha to smart investors.
I strongly urge SEC, regulators, Congress, and everyone else involved in restricting the access to leveraged ETFs in retirement accounts.
Ultra Real Estate (URE) has been my absolute best-performing investment in my portfolio. I was and still am aware that gains and losses are 2x in either direction and am satisfied with this holding. Please leave people's investments in these ETFs alone. If I lose money, I will not come to you crying - it was an investment with money that I will not use until retirement in the 2040s.
I strongly object to proposed restrictions on my personal investment options for our family's retirement income strategy, including buying leveraged and inverse funds. I'm quite pleased with and confident in my relationship with my financial advisor in this regard, and am very much opposed to the addition of new gates and hurdles in the process, no matter how well intended.
