Dear FINRA, Thank you in advance for hearing me out. I oppose regulation that would require testing, verification of net worth, broker approvals, paused trading periods, and other burdens that would inhibit my ability to control my investments and financial future. Hedge funds and inverse funds are an important part of my portfolio and allow me to protect my retirement portfolio. Additional
I am a very average investor and have been using leveraged and inverse ETFs to enhance returns for over a decade.
I don't want to have to go through training or pass a test in order to trade these funds and find it insulting that FINRA thinks so little of the general public that we're incapable of understanding the benefits and risks of leveraged and inverse ETFs.
Without
There are so many things wrong with this proposal:
-it discriminates against people based on income
-it's elitist
-it incorrectly assumes more financial education leads to better outcomes. Which is why the vast majority of investment firms under perform the market.
-unless this is announced to happen years ahead of time, it will cause people in these funds to be blind sided by the
This is a disgusting overreach by the government.
Retail investors and retail traders should be allowed to invest and trade in whichever financial products that are available to them. We sign numerous disclosures and acknowledge numerous warnings that are standard and provided by our brokerage platforms. We have the capacity to engage in this and should be allowed to take risks as we see fit, and
High risk/high return investment products should not be privileged to only the very wealthy. Index funds as such give smaller investors access to a wider array of investment tools. Trading the product requires buyers to fill out some extra paperwork demonstrating their understanding of the risk. Limiting the risk that smaller investors take on but not that of high net worth individuals seems anti
Dear FINRA Regulators,
I would like to oppose the restrictions on certain investments deemed as "Complex". As part of my investment strategy I would like to continue to invest in public securities such as leveraged and inverse funds without going through any special process. These investments are important for my future financial goals.
I use systematic investment strategies to
You have no right to take away inverse etfs..It is the investors responsibility to learn how to make their financial decisions. Hmm.. seems to be ok for the government to always make the regulations to benefit them and not the individual. These etfs provide an investor utilize trades in both directions.Are you going to start regulating buying cars and houses too? Hmmm many people get screwed
I am strongly opposed to the FINRA's misguided proposed regulations. This absolutely irresponsible regulation would clearly hurt investors by denying me the ability to choose investments that could help me and my family achieve long term financial security. It would also upend our regulatory system by giving regulators the right to decide what public securities that I can invest in and
As a good father would not neglect nor punish the reservations and protective nature of his childs small, worthless, yet invaluable collection of odd, incongruent, and disassociated toysneither should a person in financial authority govern over those with less money, less experience, less intelligence, or be given the power to reign over them with unwelcome, hostile regulation and impingement
As a stay-at-home mom, I use certain leveraged funds (like UPRO and TQQQ) to enhance my portfolio and contribute to the financial needs of my family, all while being able to spend time with and raise my children. These are only a portion of our overall portfolio. I have done the research and feel that I am capable of making all the investment decisions for my family and should not be subjected to
