Harry Ploss Comment On Regulatory Notice 22-08
We need to be able to Trade Leveraged ETNs that are more convenient to trade than Futures. Quality traders use these instruments for Volatility programs
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We need to be able to Trade Leveraged ETNs that are more convenient to trade than Futures. Quality traders use these instruments for Volatility programs
Its a free market. You shouldn't have to go through any special process like passing a test before you can invest in public securities like leveraged and inverse funds. I do not need these measures imposed on myself or any other investor.
I oppose notice 22-08. There are instances where inverse and leveraged ETFs are appropriate investments for accredited investors.
I am strongly opposed to proposed regulations that would restrict my ability to utilize Leveraged and Inverse Funds/ETFs. These are an important part of my investment strategy and are used for both investment in up trending markets as well as hedging purposes in downtrending markets. I am quite capable of understanding the function and risks of these vehicles, and do not feel the government should be imposing restrictions on the investment vehicles that I may choose. I should not be required to go through any special process before investing in these public securities.
The investor should be responsible for making their investment decisions not some official. Leverage funds have great risk and thats a risk I am willing to take. All investments have risk, Enron collapsed, was a risk. A normal stock shows a miss on earnings and drops 30%, Netflix lost a small number of total customers and drops 40%. Can you protect all my investments, no, nor should you.
Regards,
Raphael Thompson
More regulation is not what is needed. Everyone should have the freedom granted to elites. Each investor needs leverage and inverse investment choices to mitigate risk. Break the cycle of, we are the government and we can help you. History proves government reduces freedom of choice which is not intended by U S A founding.
I have been a successful investor for about 40 years and have been invested in leveraged index funds for about the past 30. My portfolio value from the 2008 recession to the end of 2021 nearly quintupled. I fully understand the risk of leveraged fund investing and I offset that risk through diversification, i.e., spreading my investments among a variety of in major index and sector index funds. I categorically object to any attempt at regulating my public investment choices.
I as a trader do not need restrictions on my investments of any kind.
I am capable of researching and trading my own investments. I do not need a broker, who made me less money, charged more commissions, and is not conventiently available.
Thank you, Cheryl Hecket
I have bought and sold shares in TQQQ for many years and used them judiciously in my portfolio. They were instrumental in helping me recover from the Covid correction in March 2020. I am well aware of the risks involved in owning a leveraged fund as well as the ETF decay associated with this fund. TQQQ has been extremely valuable to my investment strategy. Anything other than a broker alert that you are buying a leveraged or inverse leveraged fund is overregulation in my opinion.
Please do not restrict my ability to invest in leveraged or inverse funds. These are very important to my investment strategy and long term financial stability.