I am attorney and enjoy the access to financial products to trade/invest on my own. I like to think and analyze trends (short and long term). The leveraged products are easily understood (e.g. prospectus available) and are less volatile than futures that involve middlemen.
I respect the right of regulators to watch out for retail investors, but I do not need you to limit my access to leveraged financial products. Similar to PDT rules, these are impotent and silly regulations. Please reconsider your decision to pursue this course of action.
As an experienced investor, I fully support this regulation. I assist other seniors in financial management and have far too many inappropriate investments promoted. Anyone investing in a complex, high risk instrument should be thoroughly vetted for knowledge and appropriateness.
If the government can intentionally make bad policies decisions that negatively affect the economy and our hard earned retirement, we should be able to counter the terrible policies with investments that protect us from financial destruction. Thank you
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the expiration date of the temporary amendments set forth in SR-FINRA-2020-015 and SR-FINRA-2020-027 from July 31, 2022 to October 31, 2022.
The risks with leveraged ETFs are very well accessible to the public. Investors have the right to take such decisions that result in a volatile portfolio. I may be a professional financial analyst, but leveraged ETFs should be available to anyone willing to learn and take the risks associated.
Knowledgeable investors should be free to invest in any listed security within their risk tolerance and financial level. Government can and should protect against fraud but should not pick winners and losers. Individuals and the market place are the best arbiters of value.
Proposed Rule Change to Amend the Industry Code of Arbitration Procedure Relating to Whistleblower Claims in Arbitration
I am a licensed broker and financial advisor with industry credentials and could likely meet most of the criteria FINRA proposes to impose. However, I believe it's morally unjust and politically undemocratic to restrict the use of powerful investment tools to the wealthy and well-connected.
I as an investor who chose to do my own research on a variety of public securities after seeking the advice of a financial advisor and broker am confident in my own abilities and do not require coddling and layers of testing and restrictions on my portfolio.
