I am against any legislation that limits the ability into any financial products including investing into leveraged ETF like pro shares QQQ (TQQQ). Investment is an individual decision that adults make - there should not be any restriction or regulation in that process unless it's against the law.
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MAIL VOTE
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NASD members are invited to vote on a proposed Corporate Financing Rule (the "Rule") that, if adopted, would replace the
Dear Regulators, I am well able to make my own financial decisions without your interference. I do not want any additional government regulation of leveraged ETF's. I use select leveraged ETF's to hedge my standard investment accounts. Leave these investments vehicles as they are.
There should be no provision that attempts to limit my right to invest in leveraged or inverse funds, that is my choice and no one else. What should ONLY be the focus is transparency as to the risks and accurate information provided through disclosures and financial reporting and that is where the regulatory emphasis should be.
It is an investors right to freely access the entirety of the public securities markets without arbitrary restrictions. Leveraged and inverse funds are important to investment strategy. The proposed scheme hurts investors' freedom and financial security. It upends regulatory system but is arbitrary and unworkable. I'm against the restriction.
In brokerage accounts such as TD Ameritrade, we are free to trade stocks and financial instruments such as leveraged and inverse funds without any pressures of dealing with an actual broker. There is no solicitation or advertising on these sites that points us to any particular fund or stock. Please don't restrict this freedom.
Inverse funds are used as a means to hedge investments. There is ample information and training online regarding short ETFs and therefore testing investors is an unnecessary administrative and financial burden. Regulations should not be put imposed on individuals who should have the freedom to manage their own risk.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to expand TRACE reporting requirements to trades in U.S. dollar-denominated foreign sovereign debt securities.
As an investor I highly value the ability to choose my own financial products and equal access to complex products is very important to me. I deeply understand the products and it would be harmful to my investment goals to remove access to the broad sets of products being considered as complex.
We have been under attack by this administration who think they know more about my financial decisions than I can do for myself, so please do not take away my ability to invest in whatever direction I wish to go as is the definition of LIBERTY!!
