FINRA Small Firm Advisory Board Election
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
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
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
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to adopt a Supplemental Liquidity Schedule, and Instructions thereto, pursuant to FINRA Rule 4524 (Supplemental FOCUS Information).
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
Any attempts to restrict access to investing instruments for the public at-large should not be considered! Hedging instruments are critical to any portfolio and while they may not be for everyone, no restrictions should be put on using and accessing such instruments. If I have the right to invest as an individual, without assistance from a licensed professional, I should have available to me all
1st of all I was a 30 yr account executive/financial advisor. inverse and leveraged investments are an important tool to counter volatility in your portfolio during extreme market conditions and over valuations. As I have seen in the past that 10 years of earnings can be erased in 2 months. We need these funds to insure our financial well being especially in retirement years. We can't
As an individual investor, I understand investing is inherently risky and it is my responsibility to evaluate each asset allocation with this in mind. I use leveraged and inverse products to manage risk and hedge long-term positions. The ability to do so cheaply and efficiently is critical to my strategy. My fear as it pertains to this regulation is that it will increase costs and make it more
Access to specialized financial products, such as inverse funds has allowed me to hedge against market drops and retain and grow the value of my IRA over the last several volatile years. In addition, I have held target date and other non-traditional emerging/global markets funds as a simple way of diversifying my portfolio. Removing the ability of smaller AUM individual investors to access these
