FINRA Requests Comment on Proposed Amendments to Its Gifts, Gratuities and Non-Cash Compensation Rules
This is an overreach by the regulators. Not necessary! Do the right thing let me choose to investments I have made the educated decision to invest in. Everyone knows investments are a risk so don't use that to hide behind like you are protecting someone. You are taking away our rights to invest.
I as a Investor understand the risks involved in L&I funds before investing on them. So no need for restrictions on these funds. As 90% of stock market scrips are risky anyway, I do not see any problems with these direxion funds. Please do not make any limitation on these. Thanks.
I have held Direxion leveraged ETF's for over 10 years, understand the risks as outlined, and have had no problem accepting the results of anticipating the market direction in specific areas. There are plenty of educational materials available. Don't fix what really isn't broke.
Comments: I sign a release with my broker for trading 3x funds... Like any investing and trading, the person needs to be comfortable with the risks involved. There is not a test for a person trading a drug manufactures when they are working with people lives and the negative possibilities surrounding medical products.
I disagree with additional regulations affecting or limiting investor freedom to invest in leveraged and/or inverse securities in a timely manner. Rather investor caution can be increased at the time of transaction including examples and contango effect to increase investor awareness of the unique risks of leveraged/inverse securities.
Inverse funds are used as a means to hedge investments. There is ample information and training online regarding short ETFs and therefore testing investors is an unnecessary administrative and financial burden. Regulations should not be put imposed on individuals who should have the freedom to manage their own risk.
People should be free to invest their money how they see fit. Implementations barriers that only allow wealthy to invest is going to shut doors for people to invest rather than open them. Regulation should simply being acknowledging the risk of the investment nothing more
Leveraged and inverse funds are extremely important to my overall investment strategies. I understand the risks of leveraged funds and use them to capture upside in the markets. Several popular single-name stocks have proven to be even more volatile and risky than 3x leveraged funds.
I have a right to invest in my own future and for my familys future. I have enough understanding in inverse funds to be able to invest my own funds to receive the results that I am seeking without involvement of other brokers and/or advisors at my own risk.
