To whom it may concern,
I am a lifelong investor that has been using leveraged ETF's for the past decade. I buy them on a monthly basis as part of a calculated strategy, including hedging. Without them, I would be unable to continue outperforming the market to the degree that I have the past 15 years. I am fully aware of the risks involved. Banning my ability to procure leveraged ETF
I oppose any restrictions on the right to make investments in leveraged and inverse ETFs. These investments are critical to my investment performance and successful trading strategy. I do not need to jump through a bunch of hoops to be granted "permission" to freely contract and do something that I have been successfully doing for many years.
These ETFs already have plenty of
I oppose the proposed additional regulations for investing in leveraged and/or inverse funds. I am fully capable of understanding the risks involved and currently use some of these investments to hedge my long positions during the recent and ongoing market downturn.
In fact, without such investment vehicles being available, my financial position would be much more deteriorated than it is
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the expiration date of the temporary amendments set forth in SR-FINRA-2020-015 and SR-FINRA-2020-027 from August 31, 2021, to December 31, 2021.
Anyone capable of understanding what a stock or bond is, is more than capable of understanding 3x daily leverage on a product.
Leveraged ETFs are a valuable tool for responsible investors and are integral to mine and many others' financial planning.
More importantly, the fund websites already have lengthy disclosures regarding the risks of levered instruments. If someone is going to
I use leveraged and inverse funds sometimes to hedge or balance positions or respond to geopolitical changes: it is difficult enough to profit in the market without more unnecessary regulatory hurdles I have not encountered any of these ETFs that were especially opaque, hard to understand, or misleading: these products' labels do not need to be any clearer than they already are, nor
Hi. I understand your concerns. But I believe that using criteria such as tests or high net worth to determine who is eligible to trade securities that are deemed "complex", such as leveraged ETFs, is unnecessary and can actually do more harm than good to my long-term financial security.
I can assure you that I am an active trader and that I know what I'm doing. I am
To whom it may concern,
Please stop trying to tie the hands of lawful citizens trying to improve their lives by freely investing in the financial markets that have turn the United States into the greatest creator of wealth the world has ever seen. Your proposed regulations would harm working class Americans and raise costs for everyone all because you cant stand not having power over an area of
Remember back when we used to say "it's a free country"? Remember back when our guiding mantra was personal responsibility? It's not too late to recover the essence of American freedom. That means LESS regulation, not more. Wealthy financial institutions may have convinced you that we plebs are too unsophisticated to make good decisions, but even if that was true, it wouldn
Regulators need to stop dictating what we as investors can and cannot due. The proposed regulations in rule 22-08 are akin to discriminatory voting test or other suppression tactics which have been used to disenfranchise broad demographic groups. All investments should be open to all. Regulations cannot protect us from ourselves. Restricting certain investments to high-wealth individuals or other
