To whom it may concern, Although regulations within a society are important, I disagree with regulators limiting an individual's ability to choose publicly traded investments. Leveraged and inverse funds carry increased risks, but it is an individual's right to invest in them. As an individual, I am perfectly capable of understanding these types of funds, however, if I choose to invest
I believe all investments should be available to the public; imposing additional restrictions on leveraged and inverse funds is simply a way to preclude the public from investing in good vehicles, essentially reserving these investments for only the wealthy and privileged, which is contrary to the American ideals of justice and liberty for all. I have no problem understanding the theory, trading
I am fully capable of choosing the investments appropriate for my situation. I should have the right to invest and take risk in anything legal investment that I see fit. It is my risk, no FINRA or anyone else's risk. Anyone investing knows they are taking the risk to lose some or all of their capital. We do not need special processes or tests to take. I already signed documents with my
Dear FINRA professionals. Please do not take away my ability to invest in leveraged funds. I have held QLD to my great benefit for many years. Please do not take away my ability to hedge my investments with inverse funds. They are a valuable tool in times of uncertainty.
There are LOTS of really important market to spend your effort fixing -
- Disallow 12b-1 fees
- Make private exchanges disclose
To whom it may concern. Leveraged and inversed funds are an important hedge in any stock traders bag of tools. Without them, traders could be left without important hedges. Charlie Munger of Berkshire Hathaway recently said; 'We have people who know nothing about stocks being advised by people who know even less.' He is correct in the implication is that if you're going to regulate
I fail to understand why this issue has resurfaced. I do not feel that I need financial advisor or someone to protect me from myself. This very dangerous territory. If I should not invest in inverse or leveraged funds, maybe I should not invest in start-ups, or penny stocks, or any stock that does not meet with a regulators political opinion. We have far too much WOKE control now.
I have used
Summary
FINRA is issuing this Notice to remind member firms of their obligations during extreme market conditions with respect to handling customer orders, maintaining appropriate margin requirements and effectively managing their liquidity.
Questions concerning the best execution guidance discussed in this Notice should be directed to:
Patrick Geraghty, Vice President,
You want to prevent me from trading products that are too "complex" for me unless I pass a regulator-imposed test? This seems a lot like when blacks were prevented from voting unless they passed a regulator-imposed "literacy test". My response is simple: this is despicable. You should be ashamed of yourselves. Really.
"Complex" products are
In September 2019, the Census Bureau reported that income inequality had reached its highest level in 50 years. COVID begins. Retail investors increase their participation in public markets (now 25% of total equities trading volume), destabilizing the status quo, and costing smart-money hedge funds and investment banks 10s of billions of dollars in losses. FINRAs response is to remove retails
Those of us who lost everything when the large investors were able to cause the price of TVIX to drop over 90% "after hours", which should not have been possible, is likely the cause of this regulatory notice. This was clear manipulation and someone should have to pay. It is they who need better regulation oversight, not the small investor. We still need these types of
