I should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged.
Leveraged and inverse funds are important to my investment strategy. They actually allow for a more conservative overall portfolio that matches full market performance.
Please do not limit the people's access to these financial
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend Rule 2360 (Options) to increase the position and exercise limits for conventional options on certain exchange-traded funds (“ETFs”).
Not enough, severe penalty’s for financial institutions breaking laws or rules
As a long-time investor who had diligently saved for his retirement, and who sought advice from professional financial planners, I would like to retain my right to continue using leveraged instruments in my portfolio. They help me achieve the desired allocation. I do not speculate or day trade and only use these instruments only for long-term goals.
A human must be allowed to purchase complex products in order to earn money.
FINRA will not tell savings banks to pay truly worthwhile interest on personal money they hold for depositors fairly considering the fees and interest rates they charge.
Complex financial instruments must continue to allow people to profit on market conditions of any variety.
I should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public,
I am capable of understanding leveraged and inverse funds
and their risks. Regulators I do not need these restrictive
measures imposed on me. I am retired and I can guide my
financial affairs myself quite easily
GUIDANCE
Options Position and Exercise Limits
Effective Date: February 28, 2005
SUGGESTED ROUTING
KEY TOPICS
Institutional
Legal & Compliance
Options
Senior Management
Trading
Training
Delta Hedging
Exercise Limits
Hedge Exemption
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to adopt on a permanent basis the pilot program for Market-Wide Circuit Breakers in FINRA Rule 6121.02 (Market-wide Circuit Breakers in NMS Stocks).
A democratic government should not second-guess the competency or plans of private citizens in their financial strategy. Are we going to be told how to dress and what we can eat next? Money is involved - people know they need to be careful. Any restriction will be government overreaching. We are not a totalitarian state - what other rights have become "negotiable"?
I have employed Leveraged ETFs for the past year without difficulty or undue financial damage and would like to have continued access. I did not (and do not now) have problems understanding the nature of these investments and do not want to pass a test to continue using them, especially by some person or automated "grader" that is not personally acquainted with me.
