Please do not proceed with SEC Proposed Rule #S7-24-15. I am a long standing private investor and have used leveraged funds to enhance returns on my investment portfolio. I have a good understanding of the risks involved in leveraged and inverse funds, how they can be used to hedge my portfolio or to provide leveraged returns on the underlying securities, and request that you do not restrict my
I am writing to protest the planned FINRA regulatory notice #22-08 that would restrict my right to invest in leveraged and/or inverse ETF products. These types of investment products are not for everyone but they do serve an important role in hedging and investment strategies for experienced investors who understand and can managed the inherent risks. Furthermore, banning these investment
FINRA has provided transparency to over-the-counter equities (OTCE) trading for years through its public website.
I am a small private investor who uses inverse and leveraged funds to protect my modest portfolio from from adverse market moves. Hampering my ability to use these investment vehicles would be a travesty of freedom and unamerican. DO NOT hinder my ability to protect my family and my retirement funds from these form of protection. YES...protection! Because that is exactly how they are used by
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The NASD published the following Notices to Members during 1990. Duplicate copies are available at $25 per monthly or
Any member of FINRA that is also a member of the New York Stock Exchange LLC ("NYSE") ("Dual Member") (including any persons affiliated with such member) may be subject to a fine under Rule 9216(b) with respect to any rule or By-Law provision listed in this Rule that applies to such member or person. However, any Dual Member that was not also a member of NASD as of July 30,
Any member of FINRA that is also a member of the New York Stock Exchange LLC ("NYSE") ("Dual Member") (including any persons affiliated with such member) may be subject to a fine under Rule 9216(b) with respect to any rule or By-Law provision listed in this Rule that applies to such member or person. However, any Dual Member that was not also a member of NASD as of July 30,
401(k) and Other Employer-Sponsored PlansEmployer-sponsored retirement plans are just that: retirement plans offered by an employer to help its employees save for retirement. Plans are named for the section of the tax code where they’re described. Most are salary-deferral plans, meaning a plan in which the employee designates a portion of their salary to be deducted and put into the retirement
It is one thing to protect the retirement assets of individuals from extremely risky or highly speculative investments but complete overreach to attempt to restrict investments in taxable accounts. You would be better focused attempting to level the playing field in our flawed public markets. Why have so many companies gone private? Why is the Fed allowed to so manipulate markets for so long
FINRA Regulators,
I vehemently oppose limitations on my ability to buy or sell leveraged and inverse funds. You should not restrict or prohibit a private person's ability to invest and to make personal financial decisions.These funds help me hedge my investments against inflationary risks. I, not you sirs, should be able to make my own financial decisions. I do not interfere in your
