Christopher Nguyen Comment On Regulatory Notice 22-08
Im opposing restrictions to leveraged and inverse funds.
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
Im opposing restrictions to leveraged and inverse funds.
I strongly oppose these proposed restrictions on my right to buy and sell investments as I choose. Don't impede my ability to act with bureaucratic testing and trying to impose requirements with the general terminogy of "complex trades", cooling off periods, testing (really?), prove my net worth, training, etc. I shouldn't be required to tell you I'm smart enough to trade in public funds nor tell you how much money I have!!!!!!!
I do not need regulators to protect me from myself. My investments are my own decision. Stop this nonsense and do something productive.
Please do not restrict this valuable asset class. They play a crucial role opening markets and strategies to the masses.
Dear FINRA,
Public leveraged securities should be made available to the public at large without any special testing, endorsements or requirements. While I can appreciate that you are looking out for the novice investor, these ETFs (just like *any* ETF) are managed by managers who are FAR MORE FAMILIAR WITH THE MARKET than I am! Thats why they earn a management fee. I love the S&P and love my 3x leveraged ETF.
We need more tools for small investors to play a fair game against big institutions.
Hi,
In my opinion, People should be allowed to choose how they can invest their money to achieve their goals. They are best suited to understand their risk appetite. Putting restrictions on where they can invest and where they can't makes two classes of people, Ones who have the privilege and others who don't. Adding special conditions/processes before they can invest will not have any benefit other then forcing the people to learn to game the system.
I am capable of understanding leveraged and inverse funds and their risks. It is not necessary to have measures imposed on me. I believe this is the same for other investors.
I think I should have the right to select my investment in public securities. They should be available to everyone,not just the elite. Im quite capable of understanding the risks involved and use these instruments in my investment strategies. In fact Ive made a nice profit using leveraged and inverse funds and ETFs. They have also allowed me to hedge my investments and saved me money. They are less complicated than using Put options.
More choices are better than less choices.