Why do you need to remove a risk management tool from the individual investor. I have used both leveraged funds and inverse in my portfolio to augment my other investments and find them very useful.
If you want to "protect and educate" the consumer--develop a core study for high school students on financial literacy.
I am very much against restrictions proposed in this regulatory notice. While the risk of financial loss when investing in these products is high, so is the opportunity for significant profits. Government should not control how I invest my money or make me run through multiple hoops to invest. Please do not implement the proposed rules.
I do not support these changes. I should not need approval from my bank to make an investment. These rules are ridiculous! I consult with a financial advisor from a well known institution. These investment tools are risky, but I feel they are unique and productive. They are made up of reputable companies. Regulators should be more concerned about crypto. A real pyramid system.
NASD Regulation Reminds Members To Develop Year 2000 Plans
NASD Regulation, Inc., urges National Association of Securities Dealers, Inc. (NASD®) members to develop and implement an action plan to ensure and achieve Year 2000 compliance. The scope of Year 2000 plans should extend to all information technology systems (internal and external) used to conduct a securities business and other
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”).
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).
Financial regulators should be in the business of protecting investors from fraud or general education. Limiting investment options including those with diversification value should not occur. Forcing training or exclusionary measures also should not occur; investments are individual choice. Recommendation: Create the best investor education website and people will come to learn on their own.
I'm a financial professional fully licensed with a Series 7 and 24. I utilize leveraged funds not only in my retirement account but also in my retail account. I utilize leveraged inverse bond funds, biotech funds and QQQ etfs. There should be no limit on these funds, with the exception of 300+ % leveraged funds. That's when risk becomes unmanageable in my opinion.
Investors are responsible for their own decisions. If someone wants to invest in leveraged and inverse funds, they should be able to do it without regulation. Public investments should be available to all of the public, not just a privlieged few in society and you shouldn't have to pay a financial advisor to trade in leveraged and inverse funds. I oppose the FINRA Regulatory Notice
Dear Sir/Madam,
I understand that FINRA is considering implementation of restrictions/rules which might impede my ability to invest in leveraged and/or inverse funds. As a small investor, these financial instruments allow me to diversify and/or hedge my portfolio with a great deal of efficiency. Please do not place any further restrictions on the trading in these valuable trading tools!
