I don't believe open and publicly available stocks, ETFS (including leveraged and inverse products), or other financial instruments should require FINRA to regulate the purchaser of said instruments. The role of FINRA should be to regulating the issuer of the instruments themselves.
The job of government is not to take away voters' rights to make their own financial decisions. Regulations like this always have unintended consequences. Let people win or lose based on their own risk and reward philosophies and willingness to do the homework.
I am strongly opposed to this. This will limit the average investors capabilities to build wealth through incredible products only further exaggerating the wealth gap in the US causing a greater dependency on US citizen to rely on federal government financial programs.
It is proper for a free responsible person to be exposed to all of the public. Freely choosing the risk and reward could help shape future market because people may get more depressed and worried if you took financial tools away.
Please dont limit the use of leveraged funds within retirement accounts. The ability to choose funds and stocks allowing for Financial freedom is a cornerstone to American principles. I ask that you allow people to choose their own level of acceptable risk.
Limiting retail investor from investing in "complex" investment vehicles is a direct threat to the freedom of American citizens. Our financial future should not be restricted by FINRA and only serves to deepen the economic divide between rich and poor in the country.
The ninth annual Createathon, FINRA’s premiere innovation event, took place over the course of three days in late September. Over 530 staffers participated, including 32 competing teams spanning 11 departments as well as volunteers, DeepRacer competitors, and a dance troupe, to name a few.
I do not approve of possible measures to bar individuals from investing in leveraged or inverse security. Grown adults have the obligation to understand the risk involved in financial transactions and should not be prevented from entering voluntarily into contracts by a paternalistic government.
Every investor should have the right to purchase whatever they want. Risk is solely the responsibility of the investor and not a regulatory body in a democratic and capitalistic society. Further action such as these are further proof that the US financial system is rigged in favor for the elite and top 1%.
As an individual investor, I very much value the use of inverse and leveraged ETFs to assist me in meeting my financial goals. I ask that you do not limit in any way a retail investors ability to utilize these products. Thank you.
