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!!
I oppose any restrictions on my ability to trade any type of security including leveraged and inverse funds. I use leveraged and inverse funds to protect my portfolio especially during volatile times. Please do NOT restrict my ability to trade these financial instruments.
I occasionally use various ETFS that short major indexes or multiply returns on major market ETFs such as the DOW, the NASDAQ 100 or the S&P 500.
I feel that it is a restriction of my ability to choose my personal risk levels if you place limitations on these financial instruments.
Dan Eacret
Let us make our own decisions what to do with our money. We are could research and make educated investment choices without regulator looking over our shoulder. Financial firms already has number of disclosures for every type of the investments...
While the financial industry does need strong oversight, this rule is too restrictive. I oppose this rule and feel like it will result in fewer alternatives for investors. The ability to use leverage can certainly increase or decrease returns substantially. I want the ability to take advantage of leverage.
Having worked in the Financial World for 28 years - what i have learned is that we tend to make rules to benefit us and rich. There are times when the average person can invest and play in the real world. Please let people compete, education is the key not over-regulation
I understand the risks and benefits associated with leveraged ETFs and they are a part of my overall investing strategy.
Not being able to continue to implement them in my investment policy would be a detriment to my financial success. Please do not impose harmful limits on placing/making trades of this nature.
I should be able to choose my publicly offered investments or pay an advisor to do so on my behalf without a bunch of unnecessary regulations and requirements. Im sure if the usual basic information regarding investment pros/cons and risks would suffice in making financial decisions.