The proposed rule would be a huge misstep. Investing strategies which use leverage, especially leveraged exchange-traded funds should not be restricted to the rich, they should be available for every investor. Decades of investment research show that maximizing the efficient frontier using a diversified portfolio, such as stocks and bond funds, and applying leverage is superior to individually
To Whom it may concern,
I have concerns about proposed rule #22-08. I am private individual who has been buying and selling stocks, futures, and options for several years, and who greatly appreciates my ability to add to and hedge my portfolio in any way that the market offers. For example, buying a small amount of an inverse ETF is a quick and easy way to hedge an overly long portfolio during a
We appreciate you bringing the inverse and leveraged funds to our attention. We only use them occasionally because markets are up 2/3 of the time.
For short downtrends it is often best to wait until they are over, but in longer downtrends some money can be made.
Public securities traded should not have any special requirements for investing. These are public securities, after all. The proposed
FINRA’s Board of Governors met on September 13-14 in Philadelphia. In addition to continuing discussions around FINRA’s Regulatory Operations, the Board reaffirmed FINRA’s Financial Guiding Principles.
NASD Rule 1060 exempts from NASD registration requirements individuals registered as floor members with a national securities exchange whose investment banking or securities functions are related solely and exclusively to effecting transactions on the floor of a national securities exchange. Staff interprets "floor members" for purposes of the rule to include individuals working on the floor of the NYSE and registered with the NYSE as sales assistants.<br/>
I am opposed to the Subject rule #S7-24-15 This is clearly an infringement on the rights of the people to have the flexibility they need to make the necessary investments needed to reduce risk is a portfolio of investments. Inverse and leverage funds allow a simpler way than using options to protect investments from market changes. They allow it to be done without using margin loans to provide
Sirs, As a 35+ year registered Democrat I have come to realize my choice of parties has become nothing more than the nanny state writ large. My god, how stupid do you think people are, that they can't decide for themselves to invest/speculate/gamble in whatever they want, without YOU, unelected and overpaid officious elitists, telling us you're here to protect us from ourselves. I am
Dear FINRA, I've been successfully trading Leveraged & Inverse Funds (ProShares), and using them as a hedge to other investments for years now. With the ongoing NEW rules & restrictions being considered by government and FINRA, trading/investing as an individual will become more complex than it already is!! (please don't try and make me jump through any additional hoops
There is no good reason that investors of any kind should be segregated and barred from any type of public investment vehicles, especially not on account of available funds. This rule banning certain investors from inverse and leveraged investment vehicles would limit individual investment strategies and only benefit large institutions. It is fundamentally unfair and disrespectful to the
I find it disturbing that your agency wants to take away my ability to pick investments based on my research and ability to decide how much or little to risk in very common market instruments. Why should I have to take a test to prove to you - unnamed bureaucrats - that I understand the risks and potential rewards of these instruments and what I do with my money.+ What tests can predict the
