Sam Cook Comment On Regulatory Notice 22-08
I oppose limitations on buying, selling, and options on proshares tradable etfs.
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I oppose limitations on buying, selling, and options on proshares tradable etfs.
I am a private trader/investor. I have been using inverse and leveraged vehicles for many years in addition to more traditional vehicles. I have both made and lost a huge (for me) amount of money in them, but with time and trading experience I have been able to learn to trade them correctly greatly to my advantage.
1.Leveraged and inverse funds help common investors like an insurance by hedging, so it protects the investment made in the stocks.
2.Restrictions will limit number of investors and thus liquidity.
3. If liquidity/availability less - then brokerage fees will increase.
4.Common investors are aware about the leveraged investments.
5.If investors give details about bank balance, net worth details, a hacking in brokerage facility will lead to investors loosing everything to hackers.
I oppose restrictions to my right to invest.
John Q public should ALWAYS be able to choose what investments THEY feel is right for them....period. The USA is still a FREE COUNTRY and thus its citizens should always be free to choose their investment vehicles and strategies with NO special application, process or test to invest their hard earned money. As a FREE citizen, I know the risks that I am taking when I invest in any security that furthers my investment objectives. They don't always generate a profit, but it is my choice and my choice alone that I make willingly in my long term investment strategy.
I am an investor in Proshares ETF funds. I buy and sell these as I deem appropriate.
I am a simple retail investor and STRONGLY OPPOSE ANY additional regulation or restrictions on trading these products.
Any attempt to further regulate will greatly restrict the ability of the average and below average investor to take advantage of what this entire class of investments and is racist
You would be limiting peoples ability to hedge long only investments (bonds & stocks).
Creates over inflated valuations if you limit us to long only investing.
For those of us who have inverse or leveraged ETFs, will you force us out of them, & if so, that would likely force us to unwind at levels we do not wish too.
I oppose this , this is not becoming of a fair and free market . Blaming retail investors for Wall Street over-leveraging themselves is ridiculous. Passing rules like this goes against what our markets stand for . I should be able to invest in whatever Id like as long as I have the money
It is my understanding that you are considering restrictions to leveraged and/or inverse investments... I sincerely disagree with this proposed policy. As a retired Naval Officer (pilot) with 2 Engineering degrees and an MBA -- I think I'm capable of evaluating risks within my investment portfolio. Moreover, all investment involves risk and every investor knows it and Public investments should be available to all Americans not just the uber rich!
Thank you for your consideration,
Bruce Vandenbos
CDR USN Ret
I should be able to decide what investments that are right for me and my family - not anyone else, especially the government.
This sort of over-reach seems like another measure to draw a line between the "have's and have-nots" by allowing the privileged to invest in these excellent investment tools while limiting access to the general public.