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.
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.
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.
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.
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 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
There should be no provision that attempts to limit my right to invest in leveraged or inverse funds, that is my choice and no one else. What should ONLY be the focus is transparency as to the risks and accurate information provided through disclosures and financial reporting and that is where the regulatory emphasis should be.
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.
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...
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.
