SEC Approves Amendments to the Rule 9700 Series to Streamline Existing Procedural Rules Applicable to General Grievances Related to FINRA Automated Systems
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the expiration date of the temporary amendments set forth in SR-FINRA-2020-015 and SR-FINRA-2020-027 from August 31, 2021, to December 31, 2021.
it would be a huge mistake to eliminate or limit purchase of leveraged or inverse funds. I use them to limit the downside of my bond and stock holdings. Without it , no question, volatility would increase & an important tool taken away from the public. Complex investments can use more education & disclosure from ISSUERS; but certainly not the proposed investment knowledge
Regarding Regulatory Notice #22-08:
I am very much AGAINST the proposal to remove or restrict my access to tools that I use to maintain and enhance my financial security such as leveraged and inverse ETFs.
The fund families and brokerage houses themselves do a very good job of explaining the risks of these products. I have relied on these tools for years in conjunction with volatility-based
To whom it may concern - I am violently opposed to any rule restricting access to investment products for the public. This is just another mechanism to make the rich richer, and steal money from the masses who are trying to build wealth through sophisticated avenues. Your hubris in attempting to control the public's investment options by claiming that it is "in our best interest"
I should be allowed to invest freely into projects that I see financially beneficial and not be locked out of the real gains because of some ridiculous rule that states I'm not eligible because I don't have enough money. That reasoning was forced into law to keep people from bettering their selves and goes against everything America was supposedly founded on. I will echo this
I have been investing for over 20 years, mainly in common stocks but sometimes in so-called “complex products” like futures, options, leveraged and inverse ETPs, etc. I use them when I believe they are suitable tools for the market situation at that moment. I don’t mean that I always make right investment decisions but, as a retail investor, I find that it is very important for me to have the
Ladies and Gentlemen,
As a retired RIA and portfolio manager who spent more than 25 years managing assets and advising private clients, I object to FINRA's Notice #22-08 proposing to limit access to leveraged and inverse ETFs. While there will always be a handful of novice and unsophisticated clients who may harm themselves by trading financial instruments they don't fully
I am very concerned about recent intentions to limit the publics ability to invest in leveraged and/or inverse funds. No one knows better what investments are right for me than me. I should not be required to prove myself to anyone before being allowed to invest my hard earned money where I see fit. The whole idea of the nanny state where the government needs to take care of me is extremely
During the 2007-2009 Financial Crisis, inverse funds saved my retirement. I also have occasionally used leveraged funds because of a 24-hr shortage of "settled" funds. I do not want or need the protection afforded by the proposed measures. The Fed has routinely created bubbles in various asset classes, incentivizing investors to use leveraged long funds as the bubble expands.
