Doug Hacker Comment On Regulatory Notice 22-08
I strongly oppose regulation of any investment vehicle no matter the perceived risk. This is an investors decision and need not be infringed upon.
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I strongly oppose regulation of any investment vehicle no matter the perceived risk. This is an investors decision and need not be infringed upon.
#22-08 is an abomination to the powerless who've been playing Fairly by the same rules we had no hand in devoping in the first place. Please dont confirm, whats been suspected as a fixed game already, I reject #22-08 an you should too! Thank you!
I have been trading in Leveraged and Inverse ETFs (TQQQ, SQQQ, and similar instruments for DOW and S&P500) for over 3 years. I use these instruments as part of my overall investment strategy to hedge and smooth my investment returns, but they only represent a small fraction (1-2%) of my total portfolio. I do not believe that any special knowledge is required to buy/sell these instruments as compared to any other common stock, and do not believe that they should be subject to any special restrictions.
Leveraged funds are crucial for sophisticated investors.
I recommend that you regulators and government nanny-state bureaucrats read the Gulag Archipelago and some Malcom Muggeridge while your at it. Your premise is a repudiation of the basic reality that it is to be human. Any human authority is suspect because it is human. Our freedom to win and lose, choose the good or the bad, (accept the a priori reality that such words define reality), succeed or fail is what makes us most like God. The more you oversee, protect etc. the more you enslave. These instruments are my favorite way to play my underlying assumptions about the market.
To Whom It may concern, The investors can make the decision regarding what to invest in and what not to. Let us decide. Thank you
I have been using leveraged funds since inception. I have a methodology for investing using charting and QLD and others are the best vehicle for executing my plan. If these funds are removed, then my successful plan for investing for nearly 20 years will not be feasible.
Please protect the ability to trade via leveraged funds.
Thanks for your consideration.
Sincerely,
Alan Margolis
I am in favor of keeping of leverage ETS, margins are adjusted for leverage; there are agreements investors signs before trading leverage ETF , the agreement explains the clearly key risks involved , potential losses and it is an instrument suitable for short term trading only. i am not why this comes up every now and then
Please stop changing the rules middle of the action
INANE!!!
If enacted the proposed restrictions of FINRA Regulatory Notice #22-08 would reduce my ability to hedge and thereby would INCREASE the risk in my portfolio. The proposed regulation is another example of cognitive biases in the actions of regulatory agencies. In this case the main ones, among others, being the Illusion of Explanatory Depth, or IOED, and Regulatory bias.
I am certainly able to comprehend the risk associated with my use of leveraged and inverse funds:
I passed the Series 7 exam at the top of my class when I became a stock broker.