Dont do this. Regulation has its place and is critical for truthful reporting and legitimacy of entities but this goes too far. It is not the place of government agencies to decide what the public can or cannot invest in. The United States financial system is not perfect but this is a solution to problem no one has asked to be fixed. Our capital markets offer tremendous opportunity to everyone
I understand that you are thinking of restricting my right to invest in certain public investments ("complex products"). Please stop trying to regulate everything!
These investments (such as leveraged funds) should be available to everyone, no matter one's income; and passing a test to prove I understand them should not be necessary.
It is one thing to fine a financial
I understand per the FINRA Reg Notice #22-08 I may not be able to buy leveraged and inverse funds and dozens of other popular investments deemed to be complex. Please reconsider this negative stance. My broker/financial expert has my permission to make investment decisions, including into leveraged and inverse funds. He is knowledgeable and very capable of making financial decisions for me. That
I have been trading in inverse funds for many years. They are an important part of my portfolio. They can counter the downturns and bring a sense of balance to the financial markets. They reflect the TRUTH of poorly performing entities. Unfortunately, corporate buy backs and short squeezes are the real villains affecting true market valuations, not leveraged and inverse funds. It would be a
I am a modest net worth investor but am familiar with so-called hedge funds.
I have used such funds to provide some hedging to my investment portfolio and consider them a key part of my financial planning.
A policy that tries to eliminate risk from investment decisions is doomed to failure and will, inevitably, create negative consequences.
I oppose restrictions to my right to make my own
I am a simple accountant from Long Island, NY. I have been investing in inverse ETF's for 13 years. In 2009 I left a low paying job as a tax auditor for the Pennsylvania Department of Revenue. They cashed out my accrued pension benefits, which were worth $6,500. I deposited this money into a traditional IRA rollover account with a broker in February 2009. I invested 20% of the
Greetings FINRA Principals,
This message is to implore your body to please NOT pass new, highly-restrictive rules/regulations on leveraged securities. I am a retail, middle-class trader/investor who uses these vehicles very judiciously - fully understanding the time decay factor and that they are not meant to be long-term holdings but instead, utilized for short-term swings only. These ETF
Comments:
Dear FINRA, please do not begin gatekeeping access to complex financial instruments based on an assessment or net worth basis. This jeopardizes personal freedom and creates artificial and unnecessary barriers in the market for individual investors to participate. This compromises liquidity, price finding, and is an infringement of liberty.
A focus on risk disclosure and awareness is
I should have the right to invest my money as I see fit . It's up to me to learn the pros and cons of different financial instruments . While I'm at it I am tired of calling hedge fund operators who tell me I must have a certain net worth and income to invest in their funds . If I have $20k to invest in these funds they should be more than happy to have me as a client . Thanks .
As an individual investor, I should have the flexibility to invest as I choose in the same financial instruments - as, for example, inverse funds - as hedge funds or those of "extreme" wealth. It seems that FINRA seeks to award advantages and privileges to the few (and insiders) and shut out individual investors. I accept market risk. Participating in the market - by definition -
