In 2008, I lost my job,my house and my partner. I still have not recovered. If you recall, complex investments were at the heart of the 2008 financial crisis. Support our regulators and keep investments simple and transparent!!
As an investor, I would like to be able to choose the best investments for my personal situation. I have access to a financial planner and I am well informed of the risks in trading leveraged securities.
I am against any further regulation.
Im a financial professional who understands the risks involved. People with no background in investments should go through a course to understand these risks with an inverse and leveraged fund. People with securities licenses have taken enough tests.
This seems like it could easily lead to a situation where the only people who can open a self-directed account to trade in options or complex products are rich, white, financial professionals. The rich get richer.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rules 4111 and 9561 to make non-substantive and technical amendments.
I oppose this proposed rule change. It restricts the freedom of retail investors to advance their finances while allowing high net worth individuals to take advantage of more leverage. Everyone should have the same financial tools available.
I oppose any restrictions that will block my right to invest in public investments. I believe I am capable of making financial decisions that are right for me. If I feel I need additional advice to support my decisions, I will not hesitate to seek that advice.
I have used leveraged ETF's and their associated options for nearly 15 years to improve the life of myself and my family. Please do not limit my use of these products to achieve financial goals - my family is depending on them.
I believe in free markets without much government interference so I oppose any restrictions on my right to invest in public investments. Investment decisions should be figured out between my financial advisor and myself.
I oppose this as I believe I alone should be able to choose the public investment that is right for my myself and my family. I understand leverage and inverse funds and the risks associated because I am capable of making my own financial choices.
