Jason DeVore Comment On Regulatory Notice 22-08
I want my right to invest.
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I want my right to invest.
I oppose restrictions to my right to invest in public investments, such as leveraged and inverse funds. I should be free to choose these funds doing my own research. It is not fair that only the privileged get to invest in what they want. I have a college education and plenty of other retirement savings. I should be able to make my own calculated risks. I am also willing to attest to that fact when I make these investments, just don't remove that possibility from me or make it more difficult.
I have been trading 3X ETFs for over 12 years. One should have the prerogative to trade as one wants. There are many other risker investing besides 3X such as penny stocks, options, futures etc leave 3X investing to the investor!
It would be a simple expression of caring for the American people to show respect for those chosing to invest in something beside the control of our government.
I oppose this proposal. These leveraged vehicles allow investors short term leveraged trading opportunities versus risking large investment sums of money.
Inverse funds are an important part of hedging my overall portfolio during times of uncertainty. Please do not remove my ability to protect my investments.
There are dozens of vehicles in which people can choose to make investments. Individual stocks are very likely, if not managed correctly, to lead to substantial investment losses. This is also true with options, futures, FX, etc...
The key factor in all investment decisions is managing things the right way. Having different tools to help improve investment results are important. We should not limit our ability to invest in different products because some may make poor decisions, where others are making good decisions with them.
I oppose restrictions to my right to invest".
Good evening regulators,
As an individual investor, I have thoroughly researched the risks associated with leveraged funds. Currently, these funds comprise a percentage of my portfolio in which I would be comfortable losing. By removing our access to such funds, you are limiting our ability to hedge our accounts. I would greatly appreciate it if you reconsidered the ramifications of restricting access to leveraged ETFs going forward.