Ryan Larson Comment On Regulatory Notice 22-08
Please do not impose additional regulations on indexed leverage funds.
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Please do not impose additional regulations on indexed leverage funds.
FINRA Regulators: I am concerned about new regulations that might ban or limit my ability to invest in certain mutual funds/EMFs, specifically those that would limit or ban leveraged and/or inverse leveraged funds. I can't help but guess that the reason Vanguard recently blocked access to these funds came ahead of your possible system-wide regulations. I have contacted Vanguard to express my distress over their situation, which in their case, is logically unsound and unreasoned considering that they allow options trading of almost all stripes and varieties.
Itposesseverethreattowardsmarketfairness.It'slikelockingpeopleinhomebecauseofFlu.Retailtradersorinvestorsshouldbeabletofreelychoosewhateverproductsthatfittheirtradingstrategies.FinanceisNOTonlyfortherichortheprivileged.Weknowwhatleveragedfundsare.Also,theliquiditywillbeseverelyaffectedifpassed.
I am an individual investor and have been trading since 1993. I have been through many difficult markets and I have increased my net worth many times over.
I have some of my money with a M.L. Wealth Advisor which I pay fees and I have been beating them hands over fists for years. Perhaps you should consider restricting Wealth Advisors as well.
I object. I want to defend my rights as an ordinary investor.
No regulators should be able to choose what is right for me and my family. There should be no barriers for public investments for all not just the privileged few.
I believe it is the investor's right to participate in any open and public investment. It is up to the investor to decide what is appropriate risk for oneself. Public investments should be open to all of the public, not just the privileged! Leveraged and inverse funds are important to my investment strategies! I use them as a hedge for my portfolio and to enhance it! Limiting the use of them will negatively impact my entire portfolio!
I should be able to choose the public investments that are right for me and my family. Regulators SHOULD NOT restrict public investments. Public investments should be available to all of the public, not just the privileged.
For example. I use leverage and inverse funds, including that to protect (hedge) my investments. I agree these investments
should only be a limited part of ones overall portfolio.
I not government regulators, should have the freedom to invest in public companies as I see fit. I shouldnt be subject to special processes to have the freedom to invest as I see beneficial. I use leverage and inverse funds to help protect my other investments as insurance against potential losses or to seek greater returns.
I write ti make clear that I should be allowed, as an investor, to participate in any public investments such as leveraged an inverse funds. These should be available to all investors, not just the wealthy. It should be a level playing field.
I dont need regulations nannying me. Im more than capable of understanding the risks of investing in leveraged and inverse funds.
Leveraged and inverse funds are an important part of my investment strategy and I want to continue to use them with my own portfolio. My portfolio is mine to operate.