I'm a liberal but the Free Market, in spite of the fact that it's far from perfect, is one of the great things about America.
Don't mess it up with your regulations. It regulates itself for the most part. I'm not sure about High Speed Trading, but I know that with the modest amount of money I have, I'm learning through direct participation and trial
Dear FINRA,
My comment is in response to FINRA Regulatory Notice #22-08. I believe we as public investors should be able to decide how we invest our money. I am capable of understanding leveraged and inverse funds without having to go through and special process to use them. I have been using leveraged and inverse funds since 2009. They have immensely helped me in my retirement strategy. In
I've invested in closed-end municipal bond and infrastructure mutual funds for 30-years that use a small amount of leverage to enhance performance. They give me much better and more stable returns than any government bond without the individual stock risk of owning only a few individual stocks. Your new rule would not only potentially lock me out of investing in what I want, totally
I am a retired lawyer with a high IQ. I have been trading leveraged and inverse funds for over ten years. Restrictions based upon net worth and approval of a broker are discriminatory to favor the rich. I have noticed the same thing about margin restrictions. The restrictions are there to favor the rich and powerful. I do not need nor want your oversite in my life. This is basically class
I have been successfully investing in leveraged ETFs for over 10 years now. I currently hold a significant position in TQQQ with unrealized capital gains that I can't afford to pay taxes on until after I retire. I need the liquidity of of an active options market on this leveraged ETF to be able to sell options against my position in times of excess volatility. I cannot afford to change
My concern is how this rule would affect leveraged and inverse leveraged fund (TQQQ, SPXL, SH, etc.) - These fund allow me to obtain a desired exposure with a smaller capital commitment, freeing this capital for retirment expenses withdrawal without the need to sell anything. - These funds allow me to hedge existing positions in a simple, understandable way. - My brokerages do an excellent job
Please do not restrict my ability to invest in inverse funds. I don't want my only choice to be long the market or out of the market. The government policy of setting artificially low interest rates for far too long leaves me little choice. My retirement savings is being eaten away by inflation, whether inflation is high or inflation is low. I need the same investment options available to me
STOP THE MADNESS! It's hard to believe that another agency is again wanting to control/restrict me, telling me how and what to trade. I am 66 years old, have been trading stocks since 1998 (24 years now). I am the only one that should be deciding on the risk of whatever stock or ETF that I (not FINRA) am going to invest in. I am abundantly capable of making these decisions on my own, and
Thank you very much—it's great to be here. I'd also like to thank President Rebecca Laird, and also Leslie Woolley, Chair of the Luncheon Committee, for the gracious invitation to meet with you. There is so much going on in our markets that it's hard to know what to talk about.
Summary FINRA is updating the set of interpretations of the margin rule. The new, updated set of interpretations is available on the FINRA website and is effective upon publication of this Notice. To assist members, FINRA is simultaneously making available a guide to the updated interpretations that includes a text comparison with the previous interpretations and other
