I strongly urge the FINRA regulators to drop plans to restrict the use of leveraged or inverse funds. I am perfectly able to read the prospectuses and calculate the risks associated with them. There is no need to require any testing to see if investors understand how they work. These funds are very important to my long term investment planning and help me to protect my capital during periods
Comment Period Expires: May 17, 1995
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Executive Summary
The NASD requests member comment on a proposed Interpretation of the NASD Board of Governors to Article III, Section 2 of the NASD Rules of Fair Practice (RFP). The
Leveraged and inverse funds are an important part of an investment strategy. They can help to reduce risk as well as boost returns when combined with a balanced, diversified portfolio. Like all investment vehicles, they can be used improperly, but this fact should not be used to restrict trading or especially to limit them to high-income investors. It is not fair to give accredited investors such
It is my belief that any individual should retain the right to make investments as he/she sees fit without the imposition of restrictions if they deem a particular investment to be in their best interest. With particular regard towards leveraged and inverse funds, such an investment helps to create a balanced investment strategy that allows for individuals to hedge their investments. Ample
I oppose restrictions on my right to invest. All investments carry both risk and reward. A healthy market has abundance of both, best left to each individual investor to analyze, not gate-kept by an overseer. I don't want my market investments funneled through and likely excluded by regulators. I use leveraged funds to hedge my investments and should not have to pass a wealth-hurdle to do so
Telling investors what is too high risk for them is like telling them they cannot buy anything unless their government ok's it. Every purchase carries risk.....not just certain items traded in the trading system. Just who, has the genius to make those decisions? I've been searching for him/her for 70 years. Still stumbling along by myself, making a good living at it.
This is outrageous! I appreciate the service Titan offers me as I don't have time to research the market daily to analyze my associated costs and risks. Titan's portfolio allows me to spend my time doing what I like and what I'm good at, much like the hedge fund managers for the wealthy 1% that allow them to spend their valuable time on other activities besides market research.
I shouldn't have to go through any special process like passing a test before I can invest in any public securities, like leveraged and inverse funds. I am quite capable of understanding leveraged and inverse funds and their risks and am actually insulted that you think you know what is right for me. I do not need these measures imposed on me or any other investor.
I should be able to decide which investments are right for me and my family without having to jump through hoops. Some of the investments included in this proposed rule are part of my portfolio strategy and will continue to be to help me hedge against risk. Proposals like this hurt the broader population and benefit those already wealthy by reducing the access to beneficial vehicles and
Me - not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. Explain that I am capable of understanding leveraged
