Please do not restrict my ability to buy funds I think will improve my financial status. Leveraged and inverse funds allow me to take advantage of anomalies in the market and make more money. Putting restrictions on these type of funds will hurt me while widening the wealth gap.
Summary
The purpose of this Notice is to inform FINRA small firm members of the upcoming Small Firm Advisory Committee (SFAC) election. Two seats on the SFAC are up for election, representing the North and West Regions.
The SFAC provides guidance to FINRA staff, particularly regarding the potential impact of proposed regulatory initiatives on FINRA’s small firms. The SFAC meets five times a
Do not limit the availability of leveraged and inverse funds to retail investors with relatively small funding. The alternatives mostly seem to mostly include the use of much more complex financial instruments. Please leave this one alone. These etfs and etns allow an investor protection for other securities. Thanks
I am 65 years old, and for years I have used leveraged funds to secure my financial future. Among other things, they are a very effective hedge against drawdowns in the market. I am not wealthy, and losing the ability to use leveraged funds would adversely affect my retirement.
We all need protection to some degree, but we need freedoms at the same time. A stronger proposal could guide the investments themselves to provide better details on the investment.
Please do not hurt, disparage, and/or insult the potential of the American people to make their own financial decisions.
Please make sure that you impose stringent requirements for qualified investors to purchase complex securities, lest the financial industry put the economy at risk by duping thousands of naive investors as it has in the past. Also, consider outlawing especially dubious investments with no social utility, like cryptocurrency.
FINRA,
I am a collegiate graduate in Finance and I understand the risks associated with each of my investments, and you have no right to bar me from these financial instruments. If this was the case, stupid people should be barred from the equity market entirely. This is wrong, and does not exemplify our ownership society.
I and all my investment peers are experienced investors with many years of work in the market. Government interference will hinder our ability to make use of many of the tools available to investors by financial institutions. We do not need, and do not want, the hand of government in our finances. Thank you.
Dear Regulators, Let adults make their own decisions and let them invest wherever they see fit. It's their money. While these are complex and potentially volatile, they can have huge gains and allow people to change the financial trajectory of their family-- both good and bad. BUT, it should be their choice.
I have the right to choose the public investment and believe leveraged ETF is important options to my strategies.
Leveraged index ETFs are no risky than individual stocks.
Setting up a test do not guarantee investment competence. Becoming an financial advisor requires taking tests but the performance is not spectacular.
