I have been investing for over 35 years. I have been using leveraged and inverse funds during that time. I don't need the government protecting me. I have worked as a financial advisor for about 15 years before retiring. I don't need you hovering over me to "protect me from myself!" Back off!!
Equal access to products and services is central to a capitalist economy. Blocking investment vehicles to those on the inside furthers the perception that our financial system is rigged. Blocking a restriction access to these products will only encourage movement of funds offshore and possibly hiding them from regulators. For the sake of the industry and our nation, work to reduce regulations,
As an individual investor, I understand the risk of investing in leveraged and inverse funds. As long as such investment suits my purpose, I have the right to choose the funds I want. It would be unfair if such investment is available to just the privileged and I have to go through any additional processes to invest in such securities. Therefore, I oppose the regulations being considered by the
I do not believe we need government regulators limiting our investment choices. I have used leveraged funds to help balance my portfolio for years and I should have the rights to continue to do so. I am well educated and more than capable of properly using these financial instruments as part of my overall investment strategy.
Please reconsider limiting who may invest in leveraged funds and inverse funds. We are quickly seeing only those who are already financially established being allowed to invest in securities that have potential for high upside. As such, the cards are being stacked against the average investor, even those who are willing to educate themselves and accept the risks.
It is abhorrent that financial institutions are able to manipulate markets with zero consequences. They are able to insider trade and commit fraud. Why is there no punishment?
FINRA Announces Implementation Date for Publication of ATS Block-Size Trade Data
I would prefer to have the freedom and flexibility to make the financial decisions that are best for me and my family. That means being able to determine for myself whether an investment vehicle is too complex. This is not something I trust FINRA to regulate better than I can regulate for myself. The proposed intervention is unwelcome, unwise and oversteps the authority that FINRA should wield.
To may it whom concern,
I believe its unfair to regulate leveraged investments in te middle of a financial "crisis". The stock is deeply down, so it could be a measure that affects an important amount of people and their welth. I, Rafael Sanabria, invested on these ETFs knowing the risk that they imply in my portfolio. Please let us trade by ourselves.
Thank you for listening
I believe everyone should have the same privilege to choose their investment. There shouldn't be a special test for the public investors to gain right to invest in such investment like leveraged and inverse funds. I believe in the US economy and long term leveraged bet on US economy is the only way to gain the financial freedom. Please don't take this away from me.
