I am fully aware of the risks with Leveraged and Inverse ETFs. I have been using Leveraged and Inverse ETFs for years and restrictions will hurt my ability to secure my own finances. Inverses are extremely important in a downturn market and should be available to small investors like myself in order to hedge my own investments.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I am an advanced investor, and understand the risks with my covered call option contracts. I also believe that many beginning investors need a base of index funds, particularly a low-cost target date fund.
If these were to be eliminated, this would seriously hamper our freedom to invest in what we want. Government oversight should be minimal, and to allow the invisible hand to be unhindered.
/01 Trading Against Firm Recommendations
Reserved.
/02 Private Sales
Reserved.
/03 Conversions, Acquisitions and Changes in Business Activities
Member organizations are expected to notify the Exchange when planning important organizational or operational changes, such as mergers with or acquisitions of other broker/dealers or the acquisition of a significant electronic data processing system
SR-FINRA-2019-009 has been approved by the SEC. Effective May 8, 2019, this rule will no longer be applicable. Please consult the appropriate FINRA rule.
/01 Trading Against Firm Recommendations
Reserved.
/02 Private Sales
Reserved.
/03 Conversions, Acquisitions and Changes in Business Activities
Member organizations are expected to notify the Exchange when planning
In the FINRA Dispute Resolution Services forum all prehearing conferences are held on the Zoom platform with video and, generally, hearings are held in person unless the Codes of Arbitration Procedure provide otherwise. Also, the parties may agree to, or the panel may grant a motion for, a prehearing conference or hearing to be held another way.
Dear friends at FINRA. I've put up with some of your absolutely ridiculous decisions over the years. As a retired Investment Advisor with Merrill Lynch and Wells Fargo, I say, as long as the investment makeup and risks are clearly stated, then its buyer beware. Leveraged and inverse funds present a great opportunity for intelligent investors. All others, stay away. And FINRA, stay away.
I am a 50 year old woman that manages my own investments. I am opposed to the restrictions that could be placed on leveraged/inverse ETF's. They are my investment vehicle of choice. I am well aware of the risks involved, and still choose to buy/sell these ETF's. They have proven to be an excellent tool to hedge my portfolio. The decision to invest in these ETF's should
Yes I ask that FINRA puts limit on how much money can be invested in L&I funds, it should be no more that 20% of portfolio, brokerage should limit purchase in this funds as these are extremely high risk funds that most investors do not understand. Sending a disclosure does not help as most people do not read it or undersand the language, it should be restricted by brokerage.
Comments: We individual but educated investors should still have access to leverage and inverse funds and products because (we) educated investors do understand the risks . I do agree with signing the yearly agreement to trade these products but our access should NOT be taken away. Some of us do NOT want to work until we are 90 years old.
Leveraged products are key to the risk management of any retail investor. These new regulations and especially the high net worth requirement will only enlarge the inequality between the rich and the rest of us, who already have way less instruments and hedging opportunities to resort to. You should protect the retail investors rather than making their investing a living hell.
