Gary McClung Comment On Regulatory Notice 22-08
FINRA I oppose any limitations on my ability to buy complex investment products & Funds.
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FINRA I oppose any limitations on my ability to buy complex investment products & Funds.
Dear Sirs, I have been trading leveraged etfs for many years. Before that I had traded futures which I found to be very dangerous, much more so than etf. I did not really own the futures because they had an expiration date and because the leveredge was so high that they were subject to being automatically liquidated by the broker with a margin call. With etfs a least you own the shares , there is a slight decay in value over time though. But the benefits can far outweigh the slight loss of value long term.
I have worked very hard to invest the way I choose. I am a Self-Directed Hedge Fund that invests in Securities WITH ZERO MARGIN. These funds would be / and are now a limited part of my overall portfolio. I completely understand all risks involved with these funds. And have been thru the 2008 S&L crisis. We follow Warren Buffett and adhere to his conservative principles. These funds as they are are able to give me leverage without buying and selling constantly. we are LONG TERM INVESTORS.
This is an absurd idea. you can't regulate how people invest their money. Every time the government regulates a free system they break it .
Hi. I am a responsible adult. I am aware of the risks and benefits of leveraged funds. I object to regulators restricting my ability to so invest. Keith Brookenthal
Investors should be able to freely their investments and plan their strategies without burdensome regulations.
These types of funds need no additional regulations. Caveat emptor should be the rule of the day. These funds can be incredibly useful to skilled individuals. Don't make this any harder than it needs to be.
I invest and trade to support my retirement. I rely on inverse ETFs to help boost my portfolio performance. I am in the market every day, so closely monitoring my holdings, and frequently use contingency trades to protect my downside. Please do not put any regulations in place that would interfere with how I am currently supporting my retirement.
This is an unconscionable infringement on my rights as a free person and an unwarranted and irresponsible interference in the marketplace. Learning to manage risk is the first lesson learned by an investor. Those techniques are just as effective for 'complex' trades as for 'non-complex' trades. This is an attempt to create a distinction where there is no significant difference. Net worth is an irrelevant factor when it comes to risk management. This is clearly only the opening move in your plan to control the entire equity market. This is an unacceptable government overreach.
i HAVE BEEN INVESTING IN LEVERAGED FUNDS FOR OVER 20 YEARS. I FULLY KNOW THE RISKS IN SUCH IVESTMENTS. i AM A MARKET TIMER AND QUITE SATISFIED WITH MY RESULTS, i KNOW WHEN TO GET IN AND WHEN TO GET OUT. I CERTAINLY DON'T NEED FINRA TO RESTRICT MY ABILITY TO MAKE A COMFORTABLE INCOME ANNUALLY. THIS SMACKS OF ELITISM AND GLOBALISM.GET OFF THE GOVERMENT DOLE AND GET A REAL JOB