Tao Long Comment On Regulatory Notice 22-08
I would like to hold leveraged index funds such as TQQQ in my Roth IRA account. I am an experienced investor.
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.
I would like to hold leveraged index funds such as TQQQ in my Roth IRA account. I am an experienced investor.
i've traded inverse and leveraged products for several years and will continue to use these for short and medium term trading. perhaps investing platforms could implement automated or assistive a. i . approach to apply stop loss exits based on volatility and guidelines for loss mitigation. thank you. ps the inverse products are especially useful in declining markets when volatility prices options at a high level.
It's important to me to be able to invest in leveraged etf's as they offer less volatility than many stocks.
I should be able to choose the public investments that are right for myself. Public investments should be available to all of the public, not just the privileged.
I shouldn't have to go through any special process like passing a test before you can invest in public securities,
like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do need these measures imposed from regulators.
Myself as an investor should be able to pick any public investment that I wish. These investments should not be only available to a select group.
Public investments should be available to anyone who wishes to invest in them. There is no need for more regulations.
I should be able to choose to do whatever I want with my own money.
The idea that having a higher net worth makes you more educated and qualified to make "sound investments" is the most discriminatory thing I've ever heard.
Most investors understand leveraged products along with volatility drag. These propsed restrictions are draconian. Please do not impose them.
I have been actively participating the FREE U. S. stock market for 20 years. I am against to the restrictions on investing specific products by regulators. First of all I need these leveraged and inverse funds to protect and making gains of my portfolio. Secondary the current regulations are enough to protect investors. Added restrictions will unnecessarily putting burdens on small investors like me. Thirdly, most of investors are careful and have common senses to invest these products.
FINRA,
I have recently learned about and invested in inverse/hedge ETF's.
I received and appreciated a notice from the trading platform that advised of the volatile nature of the trade, however that is as far as any regulation needs to go.
Dear Sir/Madam: I am an active investor with more than 33 years of successful investing experience in global capital markets.