Thé government has no right to tell hard working Americans how they can invest their money. It did not work for it. These rules would block access for the average person to invest in companies that would bring them revenue. A risk is a risk. Everyday you walk across the street you take a risk. Its the for some anonymous government official to decide where and how people invest. This is outrageous
Comments: I believe that access to leveraged and inverse funds has helped me hedge my portfolio. Without these products my portfolio would slide to zero. Do not make any changes in this volatile environment. There is no need to enhance any rules.
Do not restrict or disqualify my right to trade these products.
The purpose is short term active hedging.
Brokerage firms provide sufficient
Comment Period Expires: December 1, 1997
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Executive Summary
At its September 1997 meeting, the NASD Regulation, Inc., Board of Directors (Board) approved a proposed
Leveraged and inverse funds, like all nearly all investments, are risky. Adequate disclosure of risks should be sufficient for individual investor protection. If regulators do not believe that investors understand the risks from the prospectus, then what does this say about efforts to protect investors in domains beyond these funds? Moreover, what risks are unique to these funds that regulators
I feel strongly that FINRA's proposed rule (#22-08) is incorrectly applies 'investor protection' as FINRA's stated purpose is, specifically with regard to leveraged and inverse products. As a user of such products, were these rules implemented, I would be forced to potentially re-create the same sort of exposure on my own which is a far greater risk to my own
Proposed Rule Change Relating to Quotation Requirements for Unlisted Equity Securities and Deletion of the Rules Related to the OTC Bulletin Board Service
Fractional shares offer investors an opportunity to purchase pieces of stock shares. While fractional shares can offer flexibility and convenience, it’s important to understand their associated limitations and how your brokerage firm handles them.
I am horrified and appalled that such a scam would even be suggested. There are trillions of dollars invested in leveraged and inverse etfs. In a bear market the inverse funds are the only things going up, as well you know. You cannot manipulate the market higher by effectively banning short selling, which is what this does. It will not work. As for me, if you institute these rules or anything
Dear Sirs;
I strongly object to any rulings curtailing my ability to trade and buy leveraged and inverse funds, and dozens of other popular
investments deemed to be complex by regulators.
I am highly qualified to make my own investment choices and clearly understand the risks involved and I DO so in full knowledge of those complex structures. They ENHANCE AND PROTECT MY OVERALL INVESTMENT
Regulators,
As a middle class American, it should continue to be my right and prerogative to invest in all public investment securities including complex investments. Onerous rules put on citizens through burdensome regulations and requirements is not consistent with a largely free people and society.
I do not require additional measures imposed on me to invest in leveraged or inverse securities
