Kristopher Smith Comment On Regulatory Notice 22-08
I urge you to reconsider, this may be too restrictive.
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I urge you to reconsider, this may be too restrictive.
I think regulators should ban hedge funds and dark pools not instruments like Proshares only which are available to retail investors. If you are genuinely concerned about anything dark pools are more dangerous than anything out there next to hedge funds who manipulate and kill most of retail investors wealth. Organizations like you, SEC are encouraging dark pools, hedge funds, please ban them immediately or put regulations such that they have no option but to invest in an ETF or Mutual fund.
I am fully capable of assessing risks of inverse and leveraged funds. I've used them for years. I have over 35,000 followers on social media, and I help to educate them regularly.
I believe you could inform the public of risks through "warning label-like" statements such as giving examples of how one can rapidly lose money using a leverage fund while the market is crashing.
There should be no more requirements on purchasing leveraged stocks than any other stock. All stocks have an inherent risk associated with ownership and the possibility of loosing money. Leveraged securities should have no more requirements to ownership than any other security.
I am opposed to further regulations that would prevent, or make more difficult, or make more expensive to invest in any ETF type product including those that are "inverse" and/or "leveraged."
Investing in complex investment products like proshares and other investment options are critical to our investment needs. My portfolio cannot survive without it
We do not need the government to regulate the financial investments that we choose to invest in. As an an investor I have signed disclosures acknowledging the risk.