I am about to retire, and I manage my own investments, having built a net worth capable of sustaining myself and my wife for the next 30+ years, should we live that long. If I choose to have an financial advisor or not is my business, and not the government's, and I darn wall do not need ANYONE's permission how to invest MY OWN MONEY... get that, this is MY property to do with
Greetings,
I am writing to inform you that I oppose any restriction on leveraged investing aside from warnings that they are not to be held long term. I believe that they are an invaluable tool that everyone should have access to, but not everyone should use. I am well informed and have determined that, considering my unique, highly risk-tolerant financial position, that these tools have great
A member which does not maintain an office in the United States responsible for preparing and maintaining financial and other reports required to be filed with the SEC and FINRA must:
(a) prepare all such reports, and maintain a general ledger chart of account and any description thereof, in English and U.S. dollars;
(b) reimburse FINRA for any expenses incurred in connection with
Demetrios (“J”) Koutros is Senior Vice President of Member Supervision’s Operations, Procedures, and Standards group. Mr. Koutros has been integral to the operation and execution of the Risk Monitoring and Examinations regulatory programs since joining FINRA in 2005. In his current role, Mr. Koutros oversees the implementation of and adherence to procedures, controls and standards for
I am 71 years old. I have been investing in stocks bonds and especially ETFs since I was 31. My experience is that leveraged ETFs an inverse leverage ETFS Have allowed me to safely invest for 40 years. Without these investment options I believe my long-term financial situation in retirement is at risk. I understand the risks of these investments and invest wisely. I dont need help from regulators
I, not regulators, should be able to choose the public investments that are right for me and my family. I should not have to go through any special process like passing a test before i can invest in certain types of public securities. I subscribe to financial publications that provide expert investment advice. I don't need federal regulators telling me how and in what I can invest. I
Limiting investment into certain leverage funds in cryptocurrency tracking funds and futures such as BITO to just wealthy individuals is not equitable nor fair. Also forcing individuals that are currently invested in it to divest from it at the bottom of the market as the market has been trending down would not be in the best interest of American investors. This could cause millions of Americans
In accordance with the industry-led initiative to shorten the settlement cycle from two business days (T+2) to one business day (T+1), FINRA will sponsor two production User Acceptance Tests (UAT) to allow clients to test the changes for T+1 Settlement for the Over-The-Counter Reporting Facility (ORF) and the Alternative Display Facility (ADF). These tests will occur on Saturday, May 4, 2024, and
Comments:FINRA should restrain from limiting access to leveraged funds. These funds are suitable for any investor that understands how leverage can be effective in achieving a financial goal. Obviously these funds are more for short term trading so the trader should be vigilant. Long term inexperienced buy and hold investors are better served elsewhere. Any investor should have access to these
Fairness, integrity and efficiency make the U.S. capital markets the most successful in the world. In the past decade, more than 5,600 domestic and foreign enterprises raised an aggregate of over $500 billion through IPOs in U.S. markets. These IPOs served as an engine for corporate growth and active participation by all sectors of the investment community, from venture capitalists to large
