I should not have to prove my net worth to invest in certain securities. Plenty of people with low net worths have the self-knowledge to invest safely in any security they want. You are not responsible for my money. I am. I will no longer have any faith in the US market if this rule is not thrown out.
I have the right, whether you believe I have enough money or not, to invest in whatever strategy I may want, whether incredibly complex or simple. There is ZERO correlation between net worth, and self-knowledge about investment strategies. I will lose all faith in the worlds largest FREE market if this rule is implemented.
Instead of focusing control of smaller investors why not focus on manipulation of the market and securities by the larger financial groups practicing Short Selling. That faction ruins a "fair" market for all and is apparently legal theft and manipulation. I thought the point of "fair and equal" market rules and regulations was to prevent theft and
I believe this is an unfair rule thats trying to take place. Investing is part of our rights of freedom and freedom to what we please with investments and money! We should be able to choose the public investments that are right for my family and I! Public investments should be available to all of the public not just the privileged.
I routinely hold and trade leveraged ETFs and I know what my risk tolerance and objectives are for these investments. I do not see any need to add additional layers of rules or regulations to my trading strategy. Please do not impose additional requirements that will make supporting my family more difficult.
Please allow us to continue to buy leveraged investments. The hedge funds are allowed to make such investments. You would be creating a two-class society if you made such a rule. I love leveraged funds as they make investing easy. I can hold cash and place a portion of my funds in leveraged securities.
I oppose the proposed rule. The leveraged and inverse funds are a very important part of my personal portfolio, which provide a means for me to hedge against other long term holdings and control overall portfolio risks. My personal investments will be negatively affected if restrictions are imposed on those instruments.
Comments: I am concerned with the enhanced rules regarding "complex products". There seems to be a lack of faith by FINRA in investor knowledge about these products, when in reality, investors are capable and responsible to educate themselves on products they invest in. There is a huge variety of platforms available for investor education, and product choice should not be
It is very important that you as regulators stick to protecting people that need protection and allow investors that understand the risks/rewards act in a free market system.
Leveraged and inverse funds are important and needed tools in our investment portfolio.
Please do not put further rules and restrictions on our investment choices.
NASD has filed with the SEC a proposed rule change to Schedule A to NASD By-Laws to amend its member regulatory pricing structure. Under the current structure, three types of fees and assessments are used to fund NASD’s member regulatory activities: Regulatory Fee, Personnel Assessment, and Gross Income Assessment. The proposed restructuring is comprised of four important amendments: 1) eliminate
