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
I fell that various Cryptocurrencies are understandable by me and may play a part in my future financial plans. I am a retired dentist who spends over six hours per work day studying various financial instruments. My total dollar value of all of my stock accounts is over $1,600,000. I believe that to limit my ability to trade in Cryptocurrencies puts me at a disadvantage compared to investors all
Dear Regulators, Why are you planning to ban inverse and leveraged funds for ordinary investors? Should the ordinary Americans' money should be dumb money going only one way on a conveyer belt but the hedge fund and Wall Street can benefit from it? This is especially in contract to allowing Ponzi schemes like bitcoin to take retirement funds money. One must be either dishonest or
I understand the concern over novice investors utilizing securities they no little or nothing about. The same could be said for novice equity investors - do they understand the companies they are buying? I oppose any further regulation on my right to invest in public investments. Leveraged ETFs are an important tool to use in hedging equity portfolios and for those of us managing retirement funds
I write to you in strong opposition to the proposed rule changes to which this public comment refers. I understand and applaud FINRA's desire to protect consumers - however I must insist you find a different way to do it. Simply restricting my access as an individual investor to a broad range of investments doesn't serve to protect me - it serves to drive my investing into
For the past decade I have invested a small fraction of my portfolio (between 1 and 4%) in leveraged mutual funds and ETFs. I realize that these are quite risky and that rebalancing is required. But a careful investor who is mathematically inclined is capable of handling them. The people you propose to prohibit from trading leverages funds are exactly those who should be able to continue doing
I don't agree with FINRA to set restriction for us to invest into stocks the public securities such as leveraged and inverse funds freely as what I have been doing to protect my investments. I and my family should be protected the right to invest in all public securities product not just the privileged.
It is extremely important for my investment in my retirement account that I have been
These are public investments and should be available to the public. If someone is silly enough to invest in the market without the proper knowledge that person will most likely lose their entire investment. With that said, the market is serious stuff. Making profits in the market is only possible if we, the public, can continue to use all the various instruments available in order to make
I am an individual retail investor and my family relies on proceeds from my investment activities for consistent monthly income. We are now fully retired.
We frequently rely on inverse and leveraged trading vehicles (ETF's), in limited appropriate amounts, to help meet monthly income targets. These short-term tools are absolutely critical to our monthly returns, as well as for our
I invested in crypto for my future retirement, as I couldnt afford to get into the stock market having always been a low income agricultural worker. I have been a hard working, taxpayer since the age of 16. I am 55 now and expect to have to work another 25 years and cant count on Social Security to be there at that time. I worked hard for the money I invested and cant afford to have it taken away
