Joseph Nason Comment On Regulatory Notice 22-08
Do not limit investors ability to invest in L & I products by "enhancing" existing rules.Comments:
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For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
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Do not limit investors ability to invest in L & I products by "enhancing" existing rules.Comments:
Comments: My comment is I study the markets daily and I have a MBA in Finance. I understand the risks of the leveraged and inverse ETFS. I trade the products as part of a comprehensive overall strategy on a short term trade basis.
The Direxion L & I funds offer unique and easy access to important investing products and concepts. Please stay away from changing access to these concepts which make it easy for everyone to use small investments. Everyone understands the risks and should always have trouble-free access.
Comments:I have used L& I funds for investments for many years and find that they are safe predictable investment tools.
Comments: Please don't underestimate people's ability to understand complex products. We have enough hurdles and unanticipated consequences to deal with without big brother butting in even more. Leave the ETF rules as they are.
Comments: To whom it may concern . My broker keeps me very informed of the risks that ETF holds . Unless you are going to come into the common peoples lives and rule how we manage our private money, whether that is gambling , drinking , excessive buying or saving, then you need to stay out of how I do my own stocks . ETF etc are my right to pick and choose . Not your right to say who or what I can do . Again unless you plan on telling me where and how to spend ever dime in my personal life , stay out of my financial affairs completely .
Short and simple FINRA, leave things alone. Don't manipulate my access to my investments. My money, my choice.
Inverse leveraged ETFS have helped me to hedge my long term stock investments. I have been warned to not hold them for long, and I can use a trailing stop to avoid big losses. Because of these products I dont panic in a sell off, and I can continue to hold my stocks and collect my dividends. Please dont take these tools away because of some reckless traders.
Please leave Leveraged and Inverse ETFs available to Investors and traders that are interested in using them. They provide good tools for those of us investors that need them to use these types of ETFs to achieve our portfolio goals. I have been using Leveraged and inverse ETFs for the last several years successfully to hedge and protect my investment. Thank you very much. Thank you very much.
Comments:Hey [REDACTED]. You seem to be missing the point on the entire industry. You have several ETFS, and mutual funds, which are quite complex, and never accurate about which holdings they have. You have advisors trained to sell packaged products in complex markets that were never meant to be packaged and sold to begin with. Now you pick on directional ETFS like they are any more unsafe or complex than things you sell to the public as such. [REDACTED]