Thank you for considering this and taking a step towards transparency in the stock market and our cracking financial system
To further restrict access to complex products would be a mistake. Demanding that brokerages and fiduciaries provide education on how these products work makes sense, but restriction earlier in my investing career actually cost me money. I currently use ETFs, leveraged instruments, and options to limit my risk.
Before starting, I spent hours and hours on educational sites, watching videos, and
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.
It is important that regular investors are not limited in what they can do. It is unfair and unAmerican if only the very wealthiest can participate fully in the financial markets, restricting the growth of wealth to the top 1% or less. Please do not restrict the rights of those fortunate enough to have money to invest.
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!!
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.
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.
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.
