FINRA's entire concept of restrictions for leveraged and inverse funds and dozens of other popular investments deemed to be complex is totally un-American and smacks of nannyism at its worse.
No one is forced to make any of these investments and some people are more risk averse than others. Investors should know their own limits.
Sports betting or casino gambling have risks too, but no
First of all, no one can prevent a fool from squandering his/her money. You may block a few ways, but he/she will find another way to lose it.
By restricting investments, you prevent people the opportunity to grow their wealth on their own and force them to go to mutual fund managers who charge exorbitant fees.
In taxable accounts, I can trade options that allow to make money in bull markets,
I am fully capable of choosing the investments appropriate for my situation. I should have the right to invest and take risk in anything legal investment that I see fit. It is my risk, no FINRA or anyone else's risk. Anyone investing knows they are taking the risk to lose some or all of their capital. We do not need special processes or tests to take. I already signed documents with my
Not allowing citizens the ability to invest in inverse or leveraged funds based on that person's net worth or specialize skill is unfair and unwise. I would be unable to hedge my investments in rocky times. Rather than protecting investors from potential losses, these rules would subject them to unnecessary losses. These regulations would not help the average investor and more than
I oppose restrictions or regulations that inhibit my investment choices. I intentionally choose leveraged or inverse funds as a part of my portfolio. I want to be able to buy or sell those funds at any time of my choosing. These funds have risks like other funds or stocks. We don't know the future. But we all have our own hunches as to what might happen. Noone should have the right to make
FINRA's mission is to safeguard the investing public against fraud and bad practices. We pursue that mission in five important ways to enable a fair, balanced, inclusive market where everyone can invest with confidence:1. Deter misconduct by enforcing the rulesWe write and enforce rules and regulations for every single brokerage firm and broker in the United States. That includes requiring
FINRA’s Risk Monitoring and Examination Programs evaluate member firms for compliance with relevant obligations and consider specific risks relating to each firm, including those relating to a firm’s business model, supervisory control system and prior exam findings, among other considerations. While the topics addressed in this Report are selected for their interest to the largest number of
As a not-for-profit, self-regulatory organization (SRO) with an 85-year history, FINRA pursues its mission of promoting investor protection and ensuring market integrity in many ways
In April 2022, I received a message from Vanguard stating that I would no longer be able to invest in shares of Grayscale Bitcoin Trust (GBTC) in my Roth IRA. This email was very concerning and surprising since my Roth IRA has massively outperformed the market since adding GBTC a number of years ago.
More recently, I became aware of FINRA's proposed regulations to prevent or restrict
Comments:I am a long time investor and have used various brokerage houses for my stock portfolio. I have traded both leveraged and inverse ETFs. It has been my experience that major brokerage houses have advised me of the caution that should be taken in trading these Funds. In addition Direxion has excellent tutorials on the use of these Funds. The use of these Funds is no different than the use
