As an educated individual investor, I should be able to make investment decisions that are right for me and my family. I have a bachelors in engineering and a MBA. I shouldn't have to go through a special test before I can invest in public securities such as inverse and leveraged funds.
Leveraged and inverse funds are important part of my investment strategies. I use both leverage
I use a 2X leveraged SSO ETF for my core S&P500 holding, which frees up cash so I can trade a few small positions and hold a bit more cash. I also have used a small position in the inverse leveraged TBT bond ETF to temporarily offset my core bond ETF holdings so I don't need to sell them and then buy them back later. None of this is high risk, and taking this away would hurt
I object to FINRA trying to restrict the use of hedging instruments by normal Americans.
If I didnt have the continued right to use inverse ETFs, My retirement account would have been down 8% last month instead of up.
If you take away these vital tools for hedging, youll be reducing my ability to participate in the markets, and Ill be less able to retire and MORE exposed to risk in the annual
I should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the wealthy and privileged.
I shouldn't have to go through any special process in order to invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks.
Leveraged and
FINRA,
I am writing to oppose any implementation by FINRA to restrict or limit my ability to invest in leveraged ETFs, regardless of being used to control risks, diversification, or speculation. It is up to each common or main street investor to have freedom of investment choices and it is not the call of FINRA to make such choices on behalf of any type of investor whatsoever.
Common investors
I oppose any restriction on my right to invest in public investments how I deem fit. It is MY MONEY NOT YOURS!
How dare you consider that you have any right to limit how I am allowed to invest. I should be able to invest MY MONEY any way that I believe provides a reasonable risk reward prospect for positive gain.
Leveraged funds are part of my investment strategy. I don't need or
As an independant investor who regularly uses inverese etfs to hedge my protfolio. I urge you to drop these considered changes. I have done extensive research into each and every asset I have bought, and don't need to be protected from complex things. I can fend for myself and fully understand the risks involved in what we do for a living. Americans in the market have enough restrictions
I, not regulators, should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. Explain that you are capable of understanding
I occasionally use leveraged/inverse funds to reduce risk in my portfolio during high volatility market periods. Use of leveraged inverse funds are simpler to use than other instruments for someone who only uses them infrequently. I am best qualified to make these judgements. Trying to define what is a "complex product" is apt to be an inaccurate exercise subject to influence by
To whom it may concern; Enough with the threatened imposed regulations and allow for an individual to make their own financial decisions. Public investments should be available to all and NOT a select few by your judgmental criteria basis. I do not need to have any additional regulation measures imposed on actions that I choose to take as an adult and being fully capable of making my own choices
