Kevin Phillips Comment On Regulatory Notice 22-08
Leveraged and inverse ETFs are necessary for many of my trading strategies. Don't be stupid, let people invest in what they want
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Leveraged and inverse ETFs are necessary for many of my trading strategies. Don't be stupid, let people invest in what they want
NO regulator should choose the public investment that are right for me. There should not be any special process to go through to trade leverage and inverse funds if i want to trade them. Leverage and inverse funds are a big part of my trading. I some time use it as a hedge fund. I understand all risk and trade responsable. I don't need a regulator to tell me how to trade them. Since i have retired and inflation is out the roof it is more important i trade stocks and ETF's know than every. It make it where i can make ends meet and survive.
Please consider preserving the rights of investors, such as myself, to invest in public securities (Complex Products). Allow people to think and act for themselves without undue regulation or restrictions! Thank you.
I feel it should be up to the investor to determine how he or she invest their hard earned money not a regulator. Some investors dont want to own individual stocks. They would rather just play what direction the market is trending at any particular month, quarter or year. These leveraged and inverse funds are extremely important to my investment strategies. I protects me from being exposed to individual companies that make poor choices.
Please keep the existing rules in place. This isn't the time to be making changes for 3x, 2x funds while the market is at its current status. Thanks for your consideration.
Limiting retail investors ability to invest in leveraged funds would be a disservice to those using them and not serve our best interest.
I oppose restrictions to my right to invest
Dear FINRA
I have invested in the VXX many times as I have used this to make money when the market is volatile. I am not a high net worth person but feel strongly that I should continue to have this option. I am aware that it is a higher risk but I am willing to take that risk. I do not believe that you should take that option from me. Thanks for taking my feelings into consideration.
I want to have freedom to invest and trade in ProShare or any other ETFs.
Please don't take it away.
Thanks.
Hello Regulators, Please do not restrict and control how I invest.