Regulators should not choose what investors or traders can put their money to work. I have traded in inverse and leveraged ETFs and that is my choice and my risk. These vehicles are an important part of a trader's tools. Do not screw this up by denying traders the ability to trade these vehicle.
I am strongly opposed to regulation and tests to determine eligibility to make certain investments. I should continue to choose investments that are right for me and my family. Leveraged and inverse funds publish the risks involved and as an individual I understand them.
Please do not impose unnecessary regulations.
I'm in favor of trader/investor *education* but not additional restrictions. In fact, I oppose PDT because $25000 is an inappropriate amount of money to risk while learning. $1000 would be plenty to learn how to trade. It's the transaction quantity that builds experience. Thousands are required to learn effectively.
Restricting these products to only high income individuals is not protecting smaller investors but limiting their options and creating an unfair playing field. Require these etfs to disclose risks but do not increase the inequality in investment options that already exists between high and low net worth investors
I have not used leveraged funds but inverse funds are an important part of my investment strategy as protection against market downturns and also for selling options. Brokerage companies already issue appropriate warnings to their customers re: risks. Please do not restrict access to these funds.
I should be free to choose how and with whom I invest my own money. I do not need any third party to qualify me or an investment before I choose to willingly make it. I do not need forced "protection" and should be allowed to take any risk I feel appropriate.
Comment Period Expires: May 17, 1995
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Executive Summary
The NASD requests member comment on a proposed Interpretation of the NASD Board of Governors to Article III, Section 2 of the NASD Rules of Fair Practice (RFP). The
In USA everyone must have freedom to invest anyway they like, we dont need FINRA to block trades under the disguise of protecting investor. As investor everyone should understand risk of losing money, its individuals responsibility not some Government created entitys.
I believe that people should be able to determine their own investments and can evaluate their own risk tolerances. Over time people do make errors but can learn from these experiences. I urge FINRA not to limit the public markets in investments as it reduces the liquidity for all invrstors.
It is vital that I have access to inverse funds (not leveraged inverse funds) to manage my personal asset allocation. I managed money professionally for 25 years and am well aware of the attendant risks. Please do not restrict my ability to use these investment vehicles! Thanks....
