Dear FINRA regulators,
I'm writing to oppose Notice #22-08. Investors knows best for their investment objectives and therefore they shall choose the public investments that are right for themselves and their families. I as all individual investors am capable of understanding leveraged and inverse funds and their risks, and we do not need any measurements to impose on us. Public
You shouldn't have to go through any special process like passing a test before you can invest in public securities.
Explain that you are capable of understanding your
investments and their risks. Tell regulators you do not need
these measures imposed on you.
You not regulators should be able to choose
the public investments that are right for you and your family
Public securities can not be considered public by restricting access to only a certain few. Leverage and inverse funds have been crucial to hedging beta risk during periods of high volatility in my portfolio. Building wealth has become hard enough for younger generations, and adding more barriers to entry past vanilla etf's, mutual funds, or single stocks disincentivizes building equity
I think people should have the right to choose their financial destiny. I have made significant profits using options and actually ran into more issues with imposed regulations and stockbroker policies. There are plenty of tools out there to learn about options. I do understand placing monetary limits on certain types of trading to avoid massive defaults but these should be allowed. Also, you
Leveraged investments should be available to public investors, regulation on leveraged ETFs will not lower the risk of stock market investments but will rather lower the freedom of the market itself. Power will also shift from individuals to major institutions who are able to meet proposed measures. These institutions will then have even more power against common investors. Leverage will not go
I understand that restrictions on leveraged funds are being considered. I have been investing in leveraged and inverse leveraged funds for many years and find them a useful way to hedge and occasionally enhance returns. I always read the prospectuses and think that since they are not marginable or nearly not marginable then they present minimal risk. They are a useful tool and less onerous than
To whom it may concern:
I oppose restrictions on my right to invest in public investments. Leverage ETFs are especially convenient way for us retail investors to take advantage of market volatility. If one's not capable of understanding the risks, fees and pros and cons associated with such ETFs they probably should leave their investment accounts to professionals altogether. Putting
Hello,
Please do not take away my ability to continue holding TQQQ as an investment. I have allocated a portion of my portfolio to holding TQQQ long-term. I am OK with a short test requirement to make sure people know what they're doing with leveraged ETFs like TQQQ. People shouldn't take on risks they don't understand. But please do not take away my ability to
Mr. Seek joined FINRA in September 2020. He has been a trusted advisor to his business partners, clients and peers for more than 19 years. Over his career he has enjoyed working with his business partners to provide candid, practical advice on internal controls and process design. He actively networks with peers and shares information and stories on best practices, emerging trends, and
In regards to the Regulatory Notice 22-08.
I am a retail investor and have been using both long and short leveraged ETFs sense 2009 without issues or concerns of their operation or behavior. I use them to enhance market performance on the up side and to reduce risk when I see the market pulling back.
I would hope to continue using the funds long into the future and would be disappointed if they
