Please keep your rules out of my investment strategy. I invest for myself and the well being of my family and leveraged funds are a significant part of my strategy. It is inappropriate to exclude the general public from investment vehicles that are available to the elite. It is also quite possible for anyone with more than an 8th grade education to understand risk and leverage.
(a) If a party objects to producing any document or information requested under Rule 13506, it must specifically identify which document or requested information it is objecting to and why. Objections must be in writing, and must be served on all other parties. Parties must produce all applicable listed documents, or other requested documents or information not specified in the objection by
Like millions of other Americans, I am quite capable of making my own investing decisions. Restricting the choices available to investors is not the right way to approach policy.
Regulators should appropriately respond when bad actors break the rules and regulations, but taking a blanket approach that impacts all investors is just intellectually lazy. You can do better.
Imposing these new hurdles to accessing inverse and leveraged funds greatly reduces my ability to build aninvestment portfolio toward a healthy retirement and a nest egg so that I can build a family, speaking as a young person. As anyone familiar with the principle of life-cycle investing will tell you, investing aggressively as a young person is key to maximizing returns. Please reconsider these
where and how much people invest their money is their business no one else..period. this is more government overreach to tax and fund pet projects and has got to stop.
Here we have people not elected officials overstepping their jobs..these appointed people making rules and regs has got to end. GET OFF THE CITIZENS BACK TO PAY FOR BOGUS CRAP.
We the world are all watching you, the SEC, DOJ, and for that matter our Government. We are tired of being taken advantage of, before you limit what I as a retail investor can buy can you propose and pass limiting how much Im taxed or the company I own to say 5%? I know absolutely absurd, just like your proposed rule.
Comments: I think providers of leverage and index funds are doing a fantastic job warning about the risks. Instead of handcuffing us with this ruling, perhaps make the training and certification more rigorous? Better idea, how about you stop Congress from being able to have unfair trading practices before you start interrupting the retail investor?
The stock market is a crap shot. Volatility has increased tremendously since the DOWN TICK RULE TO SHORT was removed. Whether you buy a leveraged/ inverse fund or NETFLIX, AMAZON, or commodities, they all go up and they all go down. THATS THE GAME. Diversity isnt working now either with bonds AND stocks trading lower. Thats the game.
You should not be changing rules and who can invest just because something is complicated. The people are not requesting this change. Its my choice, to decide what I want to invest in and my personal responsibility to learn how to do it. We the people dont need to have the ability to do this investing of our own money on our own terms taken away.
Comment Period Expires October 3, 1994
SUGGESTED ROUTING
Senior Management Corporate Finance Institutional Legal & Compliance Mutual Fund
Executive Summary
The NASD requests member comment on proposed amendments to Article III, Sections 26 and 29 of the Rules of Fair Practice that would revise existing rules applicable to the sale of investment company securities and establish new
