I am writing to voice my opposition to the proposed rules for investing in leveraged and inverse funds. Its a violation of my rights as an investor and imposes unreasonable burden on my ability to trade in a timely manner. I consider myself well informed and do not need additional regulations to guide my investment choices. Leveraged and inverse products are an important part of my investment
Comments:
I have been investing in the stock market for almost 39 years including 29 years working as a financial advisor.
I have traded leveraged and inverse ETFs
in my own account and understand the risks of same. Fidelity has provided ample warnings of the risks associated with these
Instruments. I would be supportive of FINRA efforts to protect investors for whom these ETFs would be
While I appreciate FINRAs attempt to protect investors from the Martha Stewarts and Michael Millikans of the world I would remind you I am an adult. I made the money and I chose to invest it how I want and I am offended that an institution of regulation would choose to shackle the people its meant to serve to financial servitude of large institutions and limit our freedom of choice to a pre
SUGGESTED ROUTING
Senior ManagementLegal & ComplianceMutual Fund
Executive Summary
On April 30, 1993, the Securities and Exchange Commission (SEC) approved an amendment to Article III, Section 35 of the Rules of Fair Practice and the Investment Company Securities section of the NASD Manual. The amendment adds language relating to investment companies to Article III, Section
It is my preference to invest as I choose. Limiting rights to invest in various investment vehicles made available only to a select few is un-American. Current rules regarding being or not being accredited investors are sufficient to protect investors without new restrictions being added as you are proposing. Please resist the urge to do so; especially if the restrictions you are choosing to add
I should have the ability to make investment decisions based on my educational and financial abilities. I dont need to spend additional time and money demonstrating how and why I want alternative investment vehicles in order to diversify my holdings. Furthermore, enacting this kind of rule creates further precedents for greater restrictions on how, when, and what type of investments are made
Effective Wednesday, September 1, 2021, FINRA OATS Rules were deleted from the FINRA rulebook. See Regulatory Notice 21-21 and OATS retirement notice.
FINRA has updated the Alternative Display Facility (ADF) and Over-the-Counter Reporting Facility (ORF) specifications to accommodate these changes and has renamed fields labeled “OATS” with “Compliance”.
Please contact FINRA Product
Comments: Please do not modify rules related to leveraged ETFs. I personally understand the risks of leveraged ETFs, but at the same time the value. I use leveraged ETFs to enhance my portfolio returns. I also recognize that these products may result in larger than average swings in valuation. However, if you look at a long-term strategy of using leveraged ETFs, you will recognize that these
Dear SEC, How dare you go after these instruments. Focus more of your energy on companies which do insider trading and when you do give fines they cannot be less than the money made. Inverse funds and short selling and leveraged funds give some advantages to average investors that institutional investors dont need. Please reconsider thiese "rules". Banks should not trade FDIC leveraged
This new purposed Rule is very concerning and cause's more harm than good, It is not the job of Regulator's to decide what individuals can purchase.The autonomy of what an individual buys with their own money, that should be in there hands, only their Hands. allowing individual investors to utilize these tool, provides access to more affordable professional strategy's! THIS IS OVER
