*I should be able to choose the public investments that are right for me and my family.
*I shouldn't have to go through any special process like passing a test before I invest in leveraged funds.
*I am capable of understanding leveraged funds and their risks. The risks in today's market are higher than in past years; however, I willing to take those risks as the leveraged funds
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 7610A to modify the securities transaction credits that apply to FINRA members that utilize the FINRA/Nasdaq Trade Reporting Facility Carteret (the “FINRA/Nasdaq TRF Carteret”) and the FINRA/Nasdaq Trade Reporting Facility
Hi,
I came across this information that FINRA is trying to come up with regulations that will decide on who gets to invest in which publicly available securities.
I don't see any reason why FINRA should dictate what I should or should not invest in. I should be personally responsible and liable for my decisions.
Additionally this may create an unfair advantage for privileged few and
It poses a severe threat towards market fairness. It further discriminate retail traders or investors from choosing the financial products that fit their trading needs because institutional investors are free of using high leverage in their trading. We, as retail investors, are fully aware of conditions, fees and risks of leveraged index ETF. They should NOT be made available only to a small rich
Please leave it up to us individuals to decide which investments we choose. Having the option and ability to choose leveraged ETFs has been immensely helpful to me. For example, during this month of April while stocks / markets have generally been in a noticeable decline, I've been able to protect my portfolio investing in leveraged inverse ETFs that has resulted in my portfolio having
It is an investors right to freely access the entirety of the public securities markets without arbitrary restrictions.
FINRAs scheme is misguided because it:
Hurts Investors: It could potentially deny me the freedom to choose investments that could help me achieve long-term financial security.
Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary and vague
Dear FINRA,
I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs. I know what I am doing. The proper use of these leveraged products is a key part of my financial plan.
These funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification of an indexs price movement, and I
Hello I would like to ask that you not block a path for the righteous to pursue a better life financially because I am one it struggles and lives paycheck-to-paycheck always trying to find a way that I may not suffer but also keep my head above water I'm not a troublemaker for a individual that causes harm to others I am a hopeful entity that my life would get better and things would
For the past nine years I've successfully used leveraged ETFs to manage our family's portfolios, paying for college for our children, buying cars, and covering other household expenses.
As with all investment products, we as individual investors have the right to choose what vehicles are best for our needs, not some government entity.
Understanding leveraged ETFs is not
This is complete insanity. Might as well be called the "Forced Pay Wall Street 3% Your Net Worth A Year Rule". Now advanced financial products will be cut off for everyone except the ultra wealthy? How could you possibly think this was a good idea? How about we drop the charade and just ban retail brokerage accounts. Really let wealth advisors run crazy when they know there is no one
