It's not the place of federal regulators to decide whether an investor is "smart enough" for particular commodities, nor to impose means testing that discriminates against the less affluent. Further, such rules could impose a disparate impact on minority communities given the current wealth distribution, and village civil rights laws.
Comments:
I believe leveraged ETFs are an important part of diversifying an investment portfolio. The issuers give plenty of disclosure as to the risks inherent with these investments. In addition, there are numerous articles on the internet that discuss the risks of leveraged ETFs.
Please leave the current rules and disclosures in place and do not add additional burdens on the issuers.
I oppose the proposed rule. The leveraged and inverse funds are a very important part of my personal portfolio, which provide a means for me to hedge against other long term holdings and control overall portfolio risks. My personal investments will be negatively affected if restrictions are imposed on those instruments.
Instead of focusing control of smaller investors why not focus on manipulation of the market and securities by the larger financial groups practicing Short Selling. That faction ruins a "fair" market for all and is apparently legal theft and manipulation. I thought the point of "fair and equal" market rules and regulations was to prevent theft and
I believe this is an unfair rule thats trying to take place. Investing is part of our rights of freedom and freedom to what we please with investments and money! We should be able to choose the public investments that are right for my family and I! Public investments should be available to all of the public not just the privileged.
I routinely hold and trade leveraged ETFs and I know what my risk tolerance and objectives are for these investments. I do not see any need to add additional layers of rules or regulations to my trading strategy. Please do not impose additional requirements that will make supporting my family more difficult.
Please allow us to continue to buy leveraged investments. The hedge funds are allowed to make such investments. You would be creating a two-class society if you made such a rule. I love leveraged funds as they make investing easy. I can hold cash and place a portion of my funds in leveraged securities.
It is very important that you as regulators stick to protecting people that need protection and allow investors that understand the risks/rewards act in a free market system.
Leveraged and inverse funds are important and needed tools in our investment portfolio.
Please do not put further rules and restrictions on our investment choices.
Comments: I am concerned with the enhanced rules regarding "complex products". There seems to be a lack of faith by FINRA in investor knowledge about these products, when in reality, investors are capable and responsible to educate themselves on products they invest in. There is a huge variety of platforms available for investor education, and product choice should not be
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MAIL VOTE
EXECUTIVE SUMMARY
Members are invited to vote on proposed amendments to Article III, Section 35 of the NASD's Rules of Fair Practice that would: (1) subject advertisements and sales literature
