Casey Sudbeck Comment On Regulatory Notice 22-08
Please oppose any unnecessary, authoritarian regulations that restrict peoples ability to freely trade the U.S equity market.
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Please oppose any unnecessary, authoritarian regulations that restrict peoples ability to freely trade the U.S equity market.
I use leveraged funds as a partial strategy in my brokerage portfolio. Right now, my entire portfolio has pulled back, as a natural economic occurrence. If you artificially constrict the volume of activity that would naturally occur in any way, my chances of recovering, over the long run, are doomed. The leveraged fund that is loved by millions of traders and investors is the TQQQ. It is made up of America's best companies and, will not only come back to all time highs, but flourish because of Americans' ideals of freedom and ingenuity.
Comments:
I urge FINRA to continue with the existing policy that allows leveraged inverse funds to be treated as any other publicly tradable ETF fund.
Individual investors/retail investors should have the freedom of choice to engage in risky, short-term heavy assets.
Please do not block us from trading any stock I want, I feel that I should have my own right & freedom to chose where I want to invest and I dont like being restricted. So please do not add any restrictions to buy any stock.
I oppose government restriction on freely made choices to invest any fund or investment type a person wants provided the information regarding the risks of those investment vehicles are publicly available and/or provided at the time of purchase. I understand this might result in less sophisticated investors losing money but this is the risk one takes when one chooses to invest. I dont believe the government should impede either a persons potential investment gains or losses by restricting investment vehicle choices.
1st as a free america. I should not have others telling me what I can invest in.
2nd adding restrictions like this will give the big guys another advantage
3rd stock options are much riskier because once they expire the money is gone. At least with leveraged funds you have an option to hold and recover just like the index they track. Some people are okay with volatility.
If you want to protect people from losing money go after gambling instead!
I have held several leveraged ETFs. They are helping me in my retirement planning
I should be able to choose the public investments that are right for my individual and family savings. I am capable of understanding leverage and inverse funds and their risks. I do not need these measures imposed on me.
Leveraged and inverse funds are important investment strategies. I use them to help hedge, seek enhanced returns, and for overall portfolio construction purposes. These are much more than simple one off trading vehicles and curtailment of access greatly impedes retail access to these useful tools.
My career was in governmental regulation of utilities. I am keenly aware of the need of regulation in various markets. In this instance, however, I am opposed for the placement of conditions to invest in what is described as "complex products". As an investor, I should be able to engage in this market without having to meet conditions stipulated by a regulatory body. That is governmental overreach. Please cease & desist. Thank you
I dont believe restricting access to leveraged investments would be a benefit for our countrys investors and would in fact be a disservice.