If the regulators feel that many are hurt financially from these funds, then the new regulations make sense and are needed. I appreciate them protecting those who are blinded by greed from themselves.
I am an adult with the ability to make my own financial decisions. I don't want any interference from regulators in these decisions. Please stay out of this matter. Thank you.
Leverage is inherent in a large and growing segment of financial trading. I.e. options of all stripes and color - To penalize leverage funds is arbitrary and unfair as this is selective enforcement Tom DiMayo
Big corporations their hand in enough pockets its time for the little guys to be financially stable. Quick [REDACTED] us over before the little guys have had enough.
Why is FINRA even a thing? They should be abolished. Another bootlicking "authority" captured by the investment banks doing whatever they can to restrict the public's access to financial products. [REDACTED]
I as an individual would prefer to choose my own investments. Im building strategy that optimized for using leveraged and unversed funds and its a paramount for my financial independence
Summary
FINRA has adopted amendments to Rule 8312 (FINRA BrokerCheck Disclosure) to release information on BrokerCheck as to whether a particular current or former member firm is currently designated as a Restricted Firm pursuant to FINRA Rules 4111 (Restricted Firm Obligations) and 9561 (Procedures for Regulating Activities Under Rule 4111).1
The new rule amendments become effective on June 1
For many years I've responsibly used leveraged ETFs to help achieve my financial goals. I respectfully request that you do not create a barrier to the continued use of these products.
Please DO NOT limit or ban inflows of leveraged ETF products for non-accredited investors. It is NOT fair and unnecessarily exclusionary. Some of us can invest responsibly using these financial products.
Individual investors do not stumble into leveraged funds. These are an important tool for those who have taken responsibility for their own financial goals and an extraneous burden on the use of these funds is unnecessary.
