IMO this is excessive overreach by regulators. There is very little about leveraged or inverse funds that is any more complicated than their ordinary counterparts or mutual funds. I would venture to estimate that fewer than 1% of mutual fund owners could name the top three holdings in any mutual fund they have. Most of these inverse funds are even simpler: they have basically ONE holding. How is
1. Leverage to the extreme has gotten us into a lot of financial problems ... people, companies, cities, states, the country as a whole and the world. Mortgages with no money down (total leverage), 5X and 10X leverage bond products sold prior to the 2008 crash or 3X funds for stocks or commodities.
Often, when these investments break down, the issuers get off with a slap on the hand and the
Guidance on Implementing Effective Heightened Supervisory Procedures for Associated Persons With a History of Past Misconduct
Proposed limits on access to leveraged and inverse funds have no place in a public market. Individual investors are the appropriate judges of these investments' suitability for their particular investment plans. Plenty of sound advice is available for newbies, if needed, at a reasonable cost. The US regulatory regime is already outrageous, handicapping US citizens compared to nationals
From my understanding, public investments should be available to all of the public, not just the privileged. This is my right to choose and invest all types of public investments as I want to, not being forced to invest on the selected section of the market.
I shouldnt have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse
To whom it may concern,
I am a retail investor with over 20 years of investment experience. I am a software engineer, and generally a nerd that tries to built expertise in anything I have interest in.
I understand the risks involved in the use of leveraged funds, and they are vital to some of the strategies I employ. One of my strongest portfolios is currently based on Ray Dalio's All
SEC Approves Amendments Clarifying Certain Exceptions Under Trade Reporting Rules and Adopting Notice Requirement for Transactions That Are Part of an Unregistered Secondary Distribution
I find it very concerning that FINRA is proposing to interfere in my usage of leveraged or inverse funds and ETFs. My investment firm's websites already give me ample warning about my risks using these investments, and they do it every time I consider making such a purchase. So your heavily burdensome proposed requirements would only be an unnecessary intrusion into my process of
Regulators should not be able to choose what public investments are right for investors. Its our money not yours. By doing so youre only taking care of special interest groups funding your campaigns and lining your pockets with perks for their personal gain, therefore crushing the very people trying to get ahead financially in life! Who do you work for, the people or the evil specialist interest
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend the FINRA Rule 6800 Series, FINRA’s compliance rule (“Compliance Rule”) regarding the National Market System Plan Governing the Consolidated Audit Trail (the “CAT NMS Plan” or “Plan”) to be consistent with certain exemptions from the
