Finra, you should investigate big hedge fund who are manipulating the market rather than going after small guy. People know what they doing when they invest in leveraged funds. There are clear warnings from broker. These securities do not pose any significant risk to the market. In fact, these securities are the safest way to express bull or bear interest in particular sector or broad market.
There is no reason to impose this restriction. Investors are already accepting risks when opening an account and imposing harsher restrictions only serves to make average investors have bigger hurdles to cross when it comes to returns over a long period of time. The free market should remain free, passing an arbitrary test does not mean someone is a better investor.
Stop putting more
To FINRA Regulators,
I oppose restrictions to my right to invest.
Leveraged and inverse funds are important to my investment strategies, especially during periods like right now where the stock market is going down most of the time or theres much turmoil. I understand that leveraged and inverse funds and their risks but I have been trading them for months. Everything is fine.
I should be able to
/01 Trading Against Firm Recommendations
Reserved.
/02 Private Sales
Reserved.
/03 Conversions, Acquisitions and Changes in Business Activities
Member organizations are expected to notify the Exchange when planning important organizational or operational changes, such as mergers with or acquisitions of other broker/dealers or the acquisition of a significant electronic data processing system
SR-FINRA-2019-009 has been approved by the SEC. Effective May 8, 2019, this rule will no longer be applicable. Please consult the appropriate FINRA rule.
/01 Trading Against Firm Recommendations
Reserved.
/02 Private Sales
Reserved.
/03 Conversions, Acquisitions and Changes in Business Activities
Member organizations are expected to notify the Exchange when planning
I totally oppose regulations (restrictions) to my right to invest. It is my ability and education and experienced that guides me in my investment decision. If I make or lose money it is on me. My fault or my credit. That is the American way. I do not want to see regulators controlling my investments. For what purpose? To protect me? In America risk is rewarded and punished. That is the
Comments:I have used leveraged ETFs for many years. I am very aware of the risks and benefits. They have mostly served me very well because I know when and how to use them. I dont need or want some government bureaucrat, who probably knows nothing about investing, to limit my investment options. The only thing this administration knows how to do is take my hard earned money and give it away.
Please do not limit the average person's ability to trade leveraged and inverse ETFs. Add an option requirement like options if you must, but please do not take away yet another tool less wealthy investors can use to maximize the value of their trades. Risk is an inherent part of the market and just because something is risky does not mean that it can't be understood by the
Please don't tell me what I can and can't invest in. Being a small investor is tough enough without those in charge putting more and more roadblocks and restrictions. The vast majority understand the risks of investing and don't need to be treated like children with "Cooling off periods" that smack of a 5-yr-old being given a timeout.
If restrictions
Hello, I have been investing in leveraged inverse funds for as long as they have been around. I fully understand the risks and use them only as very short term hedges. They have been a very important tool in enabling me to dampen volatility of my returns over the years, and as a result I have achieved a very respectable Sharpe ratio.
Please do not make me jump through hoops to use them.
Thanks
