Lets replace all financial terms with fast food terms. To eat at fast food restaurants you must: Pass a health quiz Demonstrate a low BMI Receive a note from your doctor Attest to reading health journals Go through cooling off periods during which you cant eat You would never support a regulation like this. Let people make their own informed decisions you would say. Great, now apply this to
Dear Sir or Madam,
Please consider continuing the use of leveraged and inverse funds, especially those from ProShares. As a long time investor in both TQQQ and MVV, I am well aware of the risks and rewards of leveraging in both times of market appreciation and depreciation. The mentioned leveraged funds are another arrow in my quiver of diversification and ability to be financially independent
Its a start and a move in the correct direction. I support the implementation of this providing it is all publicly reported at the same time industry gets the data. However, it doesn't go far enough to deal with the years long joke that is FINRA "playing a critical role in ensuring the integrity of America’s financial system"... maybe the cronyism can stop for all of 2 minutes and
I disagree with further retail investor limitations. There are countless resources available for retail investors to utilize in order to learn about leveraged ETFs and other complex investments. Additionally, these investments pose no greater financial risk than any other individual stock investment, which, if the last 2 years have shown us anything, can be even more volatile than cryptocurrency/
Limiting the accessibility of complex financial products to retail investors under the guise of protecting them is disingenuous. Nobody cares more about my money than me and before I throw my capital at something I make sure to understand it. I assume most serious investors are equally rational. This attempt to restrict retail investors appears to be an attempt to protect institutional investors
Dear Sirs and Madams: I feel that I have the right to invest in any investment that fits my financial requirements without having to 'pass a test'. These proposed regulations treat US citizens as children! I do not need 'help' from Federal Regulators to manage my money. Leveraged and inverse funds are an important and critical part of my investment strategy. When markets are
* Hurts Investors: It could potentially deny my the freedom to choose investments that could help me achieve long-term financial security. Upends Our Regulatory System: Under the long-standing disclosure-based system, investors have the right to decide which public equities, bonds and funds they want to buy. * Investment always involves risk. It is investor's responsibility to control the
I am a Ph.D. student at UT Austin, and I am doing research in quantitative finance. I believe if an investor can't freely buy any securities would be very harmful for the completeness of the financial market. Besides, the privileges that only people of high net worth could buy leveraged products can only increase the wealth gap between poor students like me and the riches. Therefore, it can
I wish to make my opinion know that I oppose any restrictions on my ability to trade leverage and inverse funds offered by ProShares. As a retired individual, I rely in no small way on my ability to trade these assets to great supplement my retirement savings. Any restrictions levied upon my ability to trade in these assets will great impair my ability to financially provide for my family's
I would appreciate FINRA supporting people like me who wish to trade ETFs and leveraged ETFs especially in IRA accounts where we can control the gains and losses in our accounts. In my case I have over 50 years experience in the markets and would prefer making my own decisions without interference from outside sources. Shorts arent allowed in some accounts and the only way to protect holdings in
