I understand that youd like to restrict my ability to invest in certain investment products, namely leveraged mutual funds. I invest in these risky products only with money that I could afford to lose. I invest more than enough in broadly diversified, low cost index funds to cover a comfortable retirement. The money I use to invest in atypically risky ways is above and beyond what I need to meet
It doesnt make sense to have all these requirements to buy complex investments. Investors need to take responsibility when they make a purchase that results in a big loss. It is common sense to do research and manage your own risks before buying complex securities. It is not fair to have investors meet all these requirements before a complex security is brought. By doing basic research on the
I oppose restrictions to my right to invest and be able to choose the public investments that are right to me and my family. Leveraged and inverse funds are important tools in my investment strategies that help protect my investments when used as a limited part of my overall portfolio, and equitable and non-discriminatory access to them is imperative to public in free market economy and democracy
I am disturbed that once again the wealthy are being given special privileges when it comes to investing. I should be able to decide if public securities such as leveraged and inverse funds makes sense for my own investment portfolio.
I am perfectly capable of studying and understanding financial instruments and by limiting my access to funds you are limiting my opportunities to provide for my
These proposed regulations are outrageous. In a time when markets are posed to melt down, what other hedge does the average investor have but leveraged and inverse funds? These funds are not difficult to understand, certainly no more difficult than the average vastly overvalued equity or byzantine mutual fund.
This seems like a way of preventing normal investors from protecting ourselves in
If regulators want to prevent people from gambling, then restrict the worst first. start be preventing online sports betting. then prevent sports betting at casinos. Then prevent slot machines at casinos.
and if the wish to help small investors, make Robinhood and others disclose how much they are paid for "pay for order flow"
And if they wish to help all investors, make
Imposing laws to prohibit and make it harder for the average person to invest is wrong. Actions like this are the reason many people distrust the government and the top 1% income earners. We should be able to invest our money to build wealth and stability for our families without "tests" and needing "permission" from a broker. Funds help to build out my
I have my own right to decide which product I want to invest. 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. I got a PhD majored in computational finance and I understand leveraged and inverse funds and
Dear FINRA,
Restricting access to leveraged and inverse funds only serves to tip the investing playing-field more in the favor of the wealthy and institutional investors. Moreover, while unconventional, not all inverse funds necessarily carry greater risk of ultimate loss than the general market does. I am a frequent investor in SVXY in particular, and depriving me of this investment opportunity
My name Christopher Cialone. Cryptocurrency has opened up a new world financially, and economically...for the little guys. Bitcoin, and the subsequent alt coins that have followed has given regular everyday people an opportunity to be more hands on with their own finances, to use in tandem with the existing system of finance. I have changed my entire life because of cryptocurrency, and as it
