FINRA Foundation’s latest wave of the National Financial Capability Study showed that more Americans are finding it increasingly difficult to make ends meet and set aside emergency funds, as they face the impact of higher food costs, and engaging in expensive credit card practices.
This regulatory malpractice because it prevents the people who need to use protective options the most from having access while making sure the rich don't lose. The regulations needed should be to ensure retirement funds have funds available with protective puts or other safeguards. Brokers not telling people about these is shameful. Trying to regulate against the short side is
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.
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 a retired financial executive with over 30 years of corporate finance and accounting experience. Additionally, I have a Master Degree in International Financial Management. My ability to understand my investing decisions is high. I have used ProShares products as a hedge in protecting some of my equity investments. Especially now, they have been useful tool for managing my portfolio. I
Thank you for the opportunity to comment. Im retired. Im a former CPA and have studied investments for many years. Between managed funds with high fees and questionable performance, I prefer to manage my own portfolio and other investments.
I currently hold two leveraged investments. One a mutual fund and one is an ETF. They represent a very small part of my equity holdings. Their performance
As a retail investor who does my own homework, I don’t need more regulation from a nongovernmental organization. Using inverse ETFs when I deem them appropriate has helped my retirement funds gain 9% YTD, whereas commonly traded ETFs like SPY, QQQ, and TLT are down 12-20% YTD. Perhaps you’d first like to explain to the Fed that inflation is not “transitory”? Or perhaps explain to them the
FINRA Regulators, as a self employed professional engineer who also sits on the Snyder County Planning Commission for the last 10 years, issues of regulatory affairs are common to me. And as a person who manages 2/3 of my retirement portfolio, having inverse tools to help protect against market downturns is vital to me. This is the second time within 10 years that an appeal has been made to keep
Separate sales contests under NASD Rule 2820(g) for group variable annuity contracts and employer-sponsored retirement plans.
<p>Separate sales contests are permissible under NASD Rule 2820(g) for group variable contracts.</p>
