1. What specific FINRA rules should be a focus for modernization based on their economic costs and benefits; changes in markets, products, services, or technology; or otherwise? What groups of FINRA requirements should be a focus? Please include FINRA rules that may be mandated or derived from a statutory or other non-FINRA regulatory requirement applicable to FINRA or its members.FINRA Rule 3210
Comments:
Leveraged funds have helped me improve my investing skills because:
1) I have had to learn about technical indicators to prevent the the losses particular to this type of investment.
2) Learn more about the behaviour of market sectors which in turn has also helped me understand better how to invest in conventional ETFs.
3) I have had to pay close attention to how to balance my
with almost 50 years of investing and advanced degrees and a CHFC certificate to boot, i really enjoy having to sit for a test by someone who has no idea what is my situation. adds delays to investing that may be costly. millions of people are waiting for refunds for the past few years. not enough staff to process and old computers systems etc. how will this bad system be any better. waste of
Please do not eliminate the ability to use leveraged and inverse ETF's to only high net worth individuals. Everyone should have the ability to choose whether they think these products are appropriate for themselves or not. There is already plenty of warning from the brokers regarding the potential dangers of these ETF's. Limiting these products to only to high net worth individuals
Public investments should be the right of the person doing the investing. Why do politicians or others think they are better qualified to decide what one does with their funds to invest? If this decision is passed, it must include our elected representatives as well as John Q. Public. It is a disgrace our law makers are allowed to exclude themselves to the regulations of laws they pass for the
I am capable of understand leveraged and inverse funds and should not be made to "jump through hoops" in order to continue trading as I wish. If you must regulate access to these funds please do not target your regulations at those of us whose trading accounts clearly demonstrate we are performing in line with the market.
That being said I agree there is a problem with
Hello, I believe the proposed regulations would greatly and unnecessarily restrict investors, all investors, from exercising their right to freely participate in funds, inverse funds, etc.
Public securities are supposed to be public, not restricted to those who have a certain amount of net worth. Perhaps a statement about what leveraged funds and/or inuerse funds are would suffice, but to have
Regarding FINRA Reg. Notice #22-08:
As an investor, where and how I invest my hard earned money is my business, and my business alone. I am fully capable of understanding leveraged and inverse funds with out having to prove it to regulators. These funds are very important to my investment strategies, especially in volatile times like we are currently in, in order to help me hedge my positions or
In September 2019, the Census Bureau reported that income inequality had reached its highest level in 50 years. COVID begins. Retail investors increase their participation in public markets (now 25% of total equities trading volume), destabilizing the status quo, and costing smart-money hedge funds and investment banks 10s of billions of dollars in losses. FINRAs response is to remove retails
Those of us who lost everything when the large investors were able to cause the price of TVIX to drop over 90% "after hours", which should not have been possible, is likely the cause of this regulatory notice. This was clear manipulation and someone should have to pay. It is they who need better regulation oversight, not the small investor. We still need these types of
