I find the inverse funds etfs are a convenient way to trade market trends. The prospectuses and notices to investors have made me aware of the potential for financial loss in using these investment instruments so I am careful and vigilant in my use thereof. I don't feel further regulation is warranted and I believe it would serve to put undo restrictions on investors.
TO: All NASD Members and Level 2 and Level 3 Subscribers
On Tuesday, April 19, 1988, the following 11 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,994:
Symbol*
Company
Location
BMEEF
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3100.
As Senior Vice President, Corporate Communications, Dana Grosser oversees all of FINRA’s internal and external communications functions, including media relations, digital and multimedia communications, and creative services.
Before joining FINRA in June 2021, Ms. Grosser served as Head of Corporate Public Relations and U.S. Crisis Communications Strategy at Vanguard.
Prior to joining Vanguard
To Whom It May Concern:
I believe I am responsible for the way I invest my resources and the products I choose. Limiting my choices by intervention of regulators and the steps they take to limit my choices is improper. Inverse fund investment is part of my financial method of preserving my resources. Please do not take any steps to limit my actions in this manner.
Leveraged and inverse funds are at great help in handling stock market up and downturns. Exposing 15-20% of my portfolio to these ETFs helps me achieve my investment goals in longer run. I have been investing for 8 plus years and these leveraged and inverse ETFs have only helped in my financial growth and would prefer investing in them in future too.
I am writing to express strong opposition to new rules that would further restrict investment of leveraged and inverse funds.
I have used these funds simply to protect my existing investments in the stock market. I know financial advisors who also do so. Already there are checks and balances in place in Ameritrade for trading these funds.
No further restrictions should be added.
It's especially important regulators hear from you in your own words. Please use the body of this email to customize your response.
As a citizen of the United States of America, this ruling seems to take away a freedom and would suppress our ability to better our financial success. We should able to "gamble" if we so see fit.
