Eric Altstatt Comment On Regulatory Notice 22-08
I oppose this
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I oppose this
This letter is to oppose each and every one of the extensive restrictions being contemplated in Regulatory Notice 22-08. The proposed rule should be revoked. It is the latest open attack on the common man’s access to the new class of leveraged products, and in so doing, it is illegal.
My experience with Leverage funds has only been positive. It's the only investment vehicle out there that you can buy a sector and make a substantial gain. Mutual funds can't do that. I am fully capable of understanding the risks. We need less regulations and more freedoms on how to invest our money. Thank you for listening.
Leveraged ETF/ETNs pose risks that some retail investors do not understand. As such, broker-dealers should conduct due diligence before allowing customers to purchase Leveraged ETFs. However, such due diligence should be similar to that of mid-level options trading authority.
I oppose limitations on my investments. I wish to maintain my current level of freedom to invest in public securities. In fact, I would like even fewer restrictions than are in place currently. I am very comfortable investing in securities you are deeming complex. Your words not mine.
We do n o t need regulation of complex products. We are Investors who understand the risks. We suspect your real motivation is not to help investors but control and eventually
restrict or prohibit investing in assets of all kinds, i.e. Cryptos,etc
Let everyone invest!
Just please do the right thing
I strongly disagree with the attempt by FINRA to prevent or restrict investors from trading in leveraged and inverse funds. ProShare Advisors offers a variety of these types of funds which are critical in the management of my portfolio. We are perfectly capable of understanding these funds and the risks they may have. And, they are the best way to hedge a portfolio from certain events. We do not need "Nanny" government telling us what we are smart enough to do.
Please do not take away the one tool retail investors have to profit during market corrections. I count on leveraged inverse index ETF's to hedge my main investments during market corrections.