I have been purchasing leveraged securities for years. I use them as hedges. I realize they are complex investment vehicles. I understand the risk, and have lost money, but I have also made money. These are never primary investments, but regardless, not the governments place from allowing me to invest in what I choose and protect my investments.
I've been trading TQQQ, a leveraged ETF for years. This fund is very important to me and my family. I fully understand the risks and potentials in trading leverage funds. As an individual investor, I should be able to choose my own investment strategy and don't need any special measurements imposed. Thank you!
No one is forced to buy any investment. Allow some freedom of choice in our society, and the ability to accept risk when we so choose. What difference does it make if I loose 30% in Amazon or 30% in a leveraged ETF? Let the buyer beware, and stop trying to protect everyone from everything.
I oppose any restrictions to my right to invest in any public investments. I am educated enough to understand the risk with leverage and inverse funds and I use it as hedge as a limited part of my overall portfolio. I make such decision - and not regulators - to make right investments for myself and my family without any imposed restrictions.
People have the right to be able to decide how to use their own money and should not be prevented from using leveraged products due to not having a large net worth or other arbitrary restrictions. There are plenty of sources of education available to people can understand the risk they are incurring that the government should stay out of regulating this.
Dear FINRA, I think it should be up to each person not the government to decide what investments are right for me. I understand the risks of leveraged & Inverse funds. So I only invest a small portion of my portfolio in these investments. Please don't take this investment choice away from anyone. Regina Green
I have been a member and executive of the Chicago Board of Trade and served as the Chairman of the DOW Jones futures committee for 40 years. I believe it is in the best interest of if FINRA the SEC to allow inverse ETF products to be continued to be freely traded. It give the investors the ability to hedge risk of current equity holdings or there 401-ks
Leveraged etfs are a great financial tool that bridge the gap between risky options and buying non leveraged funds. For many retail investors we use these in ways that are not risky and hedge our risk. Removing them only harms retail traders as a whole forcing them to use other riskier strategies.
New traders have to learn their job like anyone else on any other job, and learning about the risks and rewards of leveraged and inverse funds only takes a couple of quick real-life lessons. There is no need to impose a bunch of convoluted rules and regulations on these financial tools that make trading difficult for the rest of us.
I am against the restriction limiting investment in leveraged and inverse funds. Education of risks of investing in these instruments is needed, but not the ability to buy/ sell these instruments. Limiting the securities could potentially have the unintended consequence of reducing liquidity leading to distorted pricing and adding to volatility.
Please reconsider your position. Thank you.
