Individual investors should have the right to invest their money in any way they see fit. Its the same as telling someone they are no longer allowed to buy soda because its bad for you and they may misuse it. People can make their own choices. We all make risk reward choices every day. If an individual wants to invest in a leveraged ETF and is okay with the higher risk/higher reward, then they
This is a very serious restriction on the middle class. I should be able to choose my investments that are right for me and my family not regulators. If this is taken away from us then the rich get richer and they become the privileged class. I have been investing for over 10 years and have done my own due diligence. I shouldn't have to pass a test or explain that I am capable of
Leveraged funds have been an important part of my investment strategy for many years. I use them to easily increase market exposure during the many months of market up trends, to seek enhanced returns, and to decrease exposure when the market is overpriced and during downtrends. I am very capable of understanding leveraged and inverse funds and their risks. I do not need or want any additional
Investment restrictions on leveraged products should not have significant restrictions. A simple age-based (e.g. 25 0r 30 years old) and/or small investable assets requirement (e.g. $25,000) along with attesting to reading a warning statement regarding possible losses should be the MAXIMUM restriction. Please do NOT limit to "high net worth" (this does not necessarily potend an
I should be able to choose the public investments that are right for you and your family, not regulators. Public investments should be available to all of the public, not just the privileged.
I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. Explain that you are capable of understanding
I oppose any restrictions on my, and my family's right to trade in ways that use leverage or inverse trading vehicles. I have been using these vehicles for the last 50 years without any negative impact. I understand how they work and the risks involved if used improperly. Therefore I do not need these proposed measures imposed on me or my family. Thank you for allowing me to share my
Please, do not impose restrictions or limit the options for the general public to invest.
You may have good intention by restricting access to certain type of investments; however, that is part of the risk and due diligence that everyone is willing and entitled to take.
Following this logic, we may end one day also restricting the right to start your very own small business, since many of then
It is not the responsibility of FINRA to limit my access to publicly available investment vehicles. The investments under consideration for restriction have clear, concise, and readily-available prospectuses that explain the risks and further restrictions or tests should not be permitted. Financial and securities restrictions should exist to protect investors from illicit or deceptive practices;
Im writing to voice my objection to restriction on access to purchasing of leveraged ETFs. I am already required by my broker to assert that I am knowledgeable and financially able to accept the risk associated with these investments. Further, the right to decide for myself is part of Americas greatness. I have benefitted greatly from having leveraged ETF as part of my diverse portfolio. There
This is another rule that is supposed to be good for the retail investor but is awful for the retail investor. Like the $25,000 limit set to day trading, this is just another tactic to keep the average American unable to even get a chance to get out of the day to day drudgery of paycheck to paycheck. We need to pass a test to trade something we've been trading for years? Cryptocurrency funds
