Dear Sir/Madam, I work as an R&D Engineer, and consider myself a middle class American. I frequently invest in ProShares UltraPro Short QQQ ETF, symbol SQQQ, and ProShares UltraPro QQQ, symbol TQQQ. These funds give me great flexibility in meeting my long term investment goals. I am well informed of exactly what these funds offer, and am able to incorporate them into my investment
Comments: The idea that leveraged products are more complex than the operations of other fund types seems absurd. Investments of any sort require an understanding of the operations of the fund and this is in no way limited to leveraged and inverse products.
Individuals choosing to invest need to be able to decide which investments are right for themselves and their family. Undue restrictions to
Please allow me to add to the avalanche of opposition to FINRA Notice 22-08.
I have been using mutual funds and ETFs , that you refer to as "complex products," for many years. When researching any of them on the WebSites of my brokerages, the first thing that appears is an entire warning paragraph in a large, bold font, beginning: "Not suitable for most investors
I don't agree with FINRA to set restriction for us to invest into stocks the public securities such as leveraged and inverse funds freely as what I have been doing to protect my investments. I and my family should be protected the right to invest in all public securities product not just the privileged.
It is extremely important for my investment in my retirement account that I have been
To whom it may concern at the Financial Industry Regulation Authority,
I am aware that you are planning to ban the ability of some citizens of this country to be able to invest in complex investment funds such as leveraged and inverse investments. I believe that I should be who decides how I invest my money and not a government agency who does not know me or how or why I invest in these funds. As
I strongly oppose the proposed legislation to limit individuals from investing in so called complex securities. I have the right to choose how I spend my time and money and I disagree with efforts to ban me from products I have already purchased after significant research and time. I buy leveraged funds as a way to mitigate my overall risk while pursuing higher returns. Leveraged funds allow me
To whom it may concern,
Regarding the disturbing news that you are going to start regulating and possibly preventing me from purchasing some publicly available leveraged ETF's, I wanted to relay my opposition to such a plan. I have several of these holdings in my retirement and taxable accounts and am fully aware of the risks and significant swings along with the market. Have you seen
I am the portfolio manager for a $280 million dollar RIA. But I am also an individual investor who is growing increasingly concerned about the regulatory creep which aims to impose additional restrictions on retail investors. There has been a long history of gatekeeping investments in the US, where only the very wealthy have had access to the full range of investment options. I have been pleased
I should always be able to choose the investments that are right for my portfolio. Public investments like leveraged and inverse funds should be available to everyone and not just the privileged so called experts. This restriction sounds familiar to the last time the market began to pull back in 2007/2008 and I find it interesting that every time the government prints more money and the Fed
It is inappropriate for a regulatory entity to impose restrictions on adults that are capable of making their own decisions when it comes to selecting investments of their own money. No regulatory has the right to tell any American citizen how, when, and where they can spend or invest their money.
FINRA already regulates those that commercially sell to, coach, and suggest investment
