Regarding tentative changes to investors using or thinking of utilizing leveraged or inverse funds, I humbly request that FINRA leave things as they are and not impose regulations barring use of these funds to "retail" investors. Many of us have over the years developed and employed said financial instruments in strategies developed by ourselves, all with the understanding of
Hi - I think the new regulations you propose around leveraged ETFs are misguided and I'm hoping you reconsider. I love these ETFs and they work exactly as advertised, and I take responsibility for any losses I incur. Options are way more leveraged than these 3x ETFs and the rules you propose to put in place are way more onerous than the existing rules brokers have for options. I simply
We desperately need more reporting, and ACCOUNTABILITY in our financial system. The public is losing all confidence in our financial system and are going to stop participating in a system that's rigged.
Comments: I read the FINRA document and as a 30-year veteran of the financial services industry and held numerous FINRA registrations and licenses throughout my career I find this document to be a gross overreach of government regulation and intrusion into my personal financial decisions.
FINRA needs to be focused on educating investors, requiring adequate & appropriate risk
The general public is already warned enough on leveraged ETFs that there is no reason for additional regulations and warnings for individual retail investors. They should be able to risk their hard earned money in ways they see fit for themselves. Individuals should have a right to use financial products they see fit to use in order to achieve their short term financial goals. Adding additional
I am an adult. I, not regulators, can decide what investments are right for me. No tests or proof of a "high net worth" are necessary to determine the appropriateness of where and how I invest my money. Why should only the wealthy have the freedom to invest their funds as desired? My success in investing in leveraged and inverse funds is important to my overall financial strategy, and
I want to firmly protest the proposed restrictions on inverse trading being considered. Concise cautions for inverse funds are appropriate as is regulatory oversight to prevent fraud in their operation as should be applied to all financial instruments. In my dealings regarding inverse funds precautions are already supplied by the funds themselves and the brokerages like Charles Schwab that
Comments: Dear Finra ,
I am a 90 year old (young) combat veteran of the Korean War , the stock market wars of the 1960's and '70's' and , for the better part of my working career , NYC taxi-owner driver .
Each situation requires an investment of a sort . My point in this limited space , is , if people don't do "due diligence"
Regulation of these critical investment tools is wrong. Okay to buy long only equity index etfs and leveraged long etfs but not inverse etfs or leveraged inverse etfs ? Come on people why arent individual investors allowed to make money no matter the market direction? I recall the federal government tried to ban short selling financial stocks and indexes during the financial crisis in fall of
I am a retired financial executive with over 30 years of corporate finance and accounting experience. Additionally, I have a Master Degree in International Financial Management. My ability to understand my investing decisions is high. I have used ProShares products as a hedge in protecting some of my equity investments. Especially now, they have been useful tool for managing my portfolio. I
