I oppose these proposed regulations because I already have full access to information about the risks of inverse and leveraged funds and further federal gatekeeping is not needed or welcome. Especially in markets that reflect the heavy hand of the Federal Reserve investors ought not be barred from protecting their own financial interests with a full range of investment tools.
Leveraged and inverse funds are important to my investment strategies. At Bull market, as a limited part of your overall portfolio, I can use leveraged etf, and trailing stop loss, to have both enhanced returns and limited loss. I am capable of understanding leveraged and inverse funds and their risks. Don't need these extra measures or restrictions imposed on me.
Time and again you try to pass regulations while pretending to be doing it to protect our investments. We do our own research before investing. There are enough disclosures about the risk we are taking. Instead of focusing on regulating valid investments you should focus on naked short sellers that are destroying our wealth.
I am an investor in the market and have no understanding where FINRA receives its right to tell me where or how I should invest my money or how much risk I should take with my money. It is my money and if I want to waist every penny of it you have no say in it. Please remove this irrational and unfair regulation.
I support this regulation as a step towards decreasing the systemic risk and opportunities for market manipulation created by the current, insufficient standards for reporting short position activity.
Summary
In August 2019, FINRA launched a retrospective review that, among other things, sought stakeholders’ input on the effectiveness of Rule 3240 (Borrowing from or Lending to Customers).1 Based on feedback received during the review, FINRA is proposing amendments to Rule 3240 to:
emphasize that the rule generally prohibits registered persons from entering into borrowing or
SUGGESTED ROUTING*
Senior Management Corporate FinanceLegal & ComplianceOperationsTradingTraining
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
Congress passed the Insider Trading and Securities Fraud Enforcement Act of 1988, which became effective on November 19, 1988, and augments enforcement of the securities laws, particularly
As long as the investment and brokers involved outline the risks, that is all the SEC should demand. Freedom for investment key to capitalistic system and should also include all International investments including China whom we must compete with and not restrict- restriction produces artificial competition which never works and only weakens our country!
When you're a small investor who doesn't want to put an excessive amount of money at risk, a leveraged index fund is an ideal choice. With a stop-loss in place and the diversity of the index ETF, the downside is tolerable, the upside has been rewarding. There is such a thing and over-regulation. Please leave us alone, and concentrate instead on keeping everybody honest.
Dear Sir,
I have good understanding of leveraged and inverse funds and their associated risks. I think leveraged funds like TQQQ are well suited for my short term and long term investment strategies. And these are available to all of the public and not just the privileged.
Therefore, I oppose restrictions my right to invest in leveraged & inverse funds.
