I oppose restrictions to my right to buy leveraged and inverse funds
I should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged.
I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of
Dear Finra,
I am absolutely opposed to regulation on leveraged ETFs. I have been using them for years and they are part of my long term strategy for growth in my Roth IRA. I know the risk I am taking and I have a long time horizon for these investments. I have studied the markets for 20 years and learned about economics and even technical analysis of the price charts on my own through all
I, the investor, and not you, the regulators, should be the one to choose the public investments that are right for me.
This is a matter of basic principle, and therefore of first importance: PUBLIC investments should be available to ALL the public, not just the privileged, who are already more than privileged enough.
What you propose is part of an insulting trend: the "Nanny State
I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds
High net worth requirements are a horrible restriction to place on leveraged securities. A regulator imposed test , and attesting to reading certain materials is fine because anyone has the capabilities to do this, many individuals have been investing their entire lives and have a plethora of knowledge and would not be able to meet this high net worth requirement. Leverage and inverse securities
I am an ordinary investor, with a regular day job. I do not have time to take classes or tests or extra regulatory hoops in order to manage my portfolio, and yet I am perfectly capable of understanding that some investment vehicles are more risky than others.
As a regulatory organization, you are stepping over the line if you are stopping me from taking part in a legitimate investment fund
I, not dubiously motivated regulators should be able to choose investments that are right for my strategy. The majority of investment vehicles should be available to all of the public, not just the privileged considerating there are already plenty of investment products off limits to the public. I shouldn't have to go through any special processlike passing a test before I can invest in
You not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse
It's just come to my attention that there is a proposal to impose restrictions on my ability to trade publicly traded securities that may come in the form of testing, having a certain net worth, getting special approval from my broker, having read certain materials or being subject to "cooling off periods" while investing.
I am an intelligent, volitional human being who
Why does FINRA contemplate taking up a "mother hen" position with respect to "complex products" such as leveraged ETFs? There are no guarantees with respect to any investment strategy, and it is easy to lose a fortune in any number of market instruments -- including standard stock and mutual fund trades.
If an investor does not have the knowledge or
