Dear FINRA regulators,
We believe it is an investors right to freely access the entirety of the public securities markets without any arbitrary restrictions. Any restrictions could potentially deny us the freedom to choose investments that could help us achieve long-term financial security.
FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast
Greetings,
I have been using inverse and leverage funds for years as a way to MITIGATE risk in my portfolio. They have proven time and again to be great vehicles for preserving wealth and capital in times of uncertainty. During the COVID crash, Inverse funds allowed me to hedge my portfolio quickly and easily and preserve most of my capital while the "buy and hold" crowd lost 30
I am a CFA charter holder and 25 years old, I hold a diverse portfolio within my company 401k plan which aligns itself with industry standard long term investing portfolios. The amount I place in my 401k is appropriate to ensure that I retire with adequate resources, even when using conservative forward looking estimates on asset class returns.
I consider my investment in UPRO and TQQQ to be
Hello,
I have traded stocks as an individual retail trader for 20 years. I trade in a very short term and responsible manner, and supplement my retirement account using this method.
As a licensed hairdresser by trade with no college education, I have earned the bulk of the money I will retire on trading triple leveraged etfs successfully. Removing my ability to trade these tickers would severely
I am capable of understanding leveraged funds and their risks. I do not need these measures imposed on me. However, some better disclosure from the providers could be helpful to the public. Disclosures could include:
1) Predetermined plans for reverse and forward splits: "We will reverse split this fund if the value falls under $x.yz for a period of _________ days."
2) Better
I realize that you think you need to protect the public. If this is the case why not just restrict all of these types of plans. Putting restrictions in place so that a select few can use these investment vehicles makes it look like you are trying to create a protected class of people that can invest in this way. Don't they already have an advantage because of the way brokers treat them.
It is an investors right to freely access the entirety of the public securities markets without arbitrary restrictions.
FINRAs scheme is misguided because it:
Hurts Investors: It could potentially deny me the freedom to choose investments that could help me achieve long-term financial security.
Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary and vague
It is extremely important to me that I maintain at least the current level of freedom to flexibly and effectively invest via leveraged and inverse ETF products. Such instruments allow me to produce suitable returns while simultaneously limiting my capital outlay. They allow me to hold greater cash reserves for safety while I produce the cash flow I need to supplement my current family income and
Reorganization and Revision of NASD Arbitration Rules Relating to Industry Disputes
INFORMATIONAL
Option Contracts
SUGGESTED ROUTING
KEY TOPICS
Executive Representative
Legal & Compliance
Registered Representatives
Senior Management
Options
Options Self-Regulatory Council
Executive Summary
NASD Regulation is providing this Notice on behalf of the Options Self-Regulatory Council. This Notice advises broker/dealers to review or develop
