Guidance on Liquidity Risk Management Practices
FINRA Files Rule with SEC for Authority to Designate Firms for Mandatory Participation in FINRA’s Business Continuity/Disaster Recovery Testing, As Required by Regulation SCI
I run a Signal Plan that requires the use of leveraged funds (MVV, TQQQ). On a quarterly basis I evaluate whether to buy more or less shares of these funds. I do not need a government agency decidingwhether I can or can not do this. I am a big boy and can make my own decisions.
Thank you.
I'm strongly against the new FINRA Regulatory Notice #22-08.
At first, it jeopardized my right to choose the public investments
Secondly, it shouldn't be a special privilege for a small set of people and it's unfair.
Thirdly, it introduced significant uncertainty on my existing investment strategy and jeopardized my investment plan.
It is my right to buy any stock I want and it is against the free market to limit my right! Also, I have lost since I bought my leveraged stock and I was not planning to sell it anytime soon. By selling my stock, you are forcing me to loose money in short term, which is not fair.
Leveraged ETFs are an extremely important part of my long-term investment in my taxable accounts and also IRA accounts. Please don't arbitrarily dictate what we can invest and what we can't. You will disrupt our retirement plans and perhaps we should sue the authority for the adverse actions.
FINRA,
This new rule seems to badly discriminate against small personal investors. Why are you chasing me out of my current positions in leveraged ETFs? It is a bad plan to make the market for leveraged funds an oligopoly because it comes with the exclusion of disciplined personal investors who are capable of accepting risk.
I use these funds in my 401k and they allow for opportunities not available through most 401k funds offered by employer plans. The individual and not government should have the ability to decide where to invest their funds. It should not require a specific status, we all should have equal access to the publicly traded investment vehicles.
I oppose restrictions to my right to invest in what I choose and why I choose it. I choose to invest in leveraged and inverse funds and have for several years as its a minor portion of my investing plan to offset smaller growth stocks. It seems unfair to put restrictions on my investing actions at this point in my investing.
Please do not restrict my access to invest in leveraged and inverse funds. They help me and my family as part on my investment portfolio as i now am entering my retirement. I follow a disciplined investment plan that uses these funds. Thank you so much reading my comment and have a great day !
