I should have the same opportunity to invest in leveraged and inverse funds as wealthy investors and institutions. Adding additional 'tests' to determine my ability to invest appropriately is an unnecessary burden on me. I utilize some leveraged and inverse funds as a hedge during difficult markets like the one now. These proposed restrictions will only hurt my ability to manage my
State and national securities regulators and legislators came together on November 6, 2019 in Gaithersburg, MD to talk to area savers and investors about how to make informed investment decisions and to protect their retirement savings from fraud. Hear from FINRA Foundation President, Gerri Walsh, about how Marylanders are doing with their finances.
Testimony Before Employee Benefits Security Administration Advisory Council on Employee Welfare and Pension Benefit Plans
With the aging of the baby boom generation, a growing number of our nation’s investors are at or near retirement age. Indeed, data presented at the first “Seniors Summit” held by the Securities and Exchange Commission (SEC) in July 2006 indicated that 75% of the nation’s consumer financial assets, valued at $16 trillion, are held by households headed by someone who is 50 or older. Within the next
Dear Sirs & Madams--
I oppose being restricted in investing in leveraged investments. I have been doing so for many years now as a supplement to my primary retirement "buy and hold" investment strategy. I am range-trading a small percentage of my overall portfolio using leveraged funds.
Frankly, I'm not sure why FINRA is getting involved with this. I
Myself certainly not regulators should be able to choose the public investments that are right for me and my family. These investments should be available to all of the public, not just the privileged. I do not need to "pass a test" to know that these are valid investments and entail risk, like ALL securities. I ask that you not limit my availability to these choices in order
I have been investing for 20+ years and I am retired and manage my own portfolio. I rarely use reverse or leveraged stocks but sometimes that is the only way I have to protect my portfolio. I understand the risks but I ALSO know the risks of not protecting not protecting it. I do not short stocks because that has unlimited risks also. Please leave the system alone so we retail investors can
It is important for regulators to know that my investments are my property, not the public's. And the purpose of my property is the pursuit of my own good, not the public's good. No citizen has the right to violate my property or delegate such right to any government. Regulating my investment in leveraged ETFs is violation of my property rights and will destroy my retirement.
I have come to conclude, after so many years of buying and selling securities in my retirement portfolio, that I have developed a set of guidelines borne of my research and experience that provide me with the confidence to continue trading, including in complex products. AND, each trader is different and has developed their own guidelines. Therefore, I don't have confidence that FINRA
I occasionally use leveraged funds when the trend line is in my favor. As a retired accountant, I have always been not quite an accredited investor, not enough income, not wealthy enough, not a professional financial manager. However I know business and have decades of experience, making my invest decisions generally superior to that if inherited wealth or high income in an unrelated fields. My
