Joel Bender Comment On Regulatory Notice 22-08
To The Financial Industry Regulatory Authority,
For the Public
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To The Financial Industry Regulatory Authority,
I have made over $700,000 investing in inverse and ultra funds over the last two years. I'm a highly educated investor and use the Elliott wave methodology to invest. I'm retired and have no other source of income. I couldn't make this type of return if I invested in individual stocks and bonds. In a down market, which we are in currently, I use inverse funds to make money instead of investing in bonds which you can lose money in.
Don't presume to dictate what we can and can't do with our money. It's a violation of our most basic freedom.
we need leveraged shorts to hedge positions when markets go through major corrections. please do not remove investors ability to protect their capital. thank you----Claude Saks
As a former financial advisor of 44 years (now retired), I would like to strongly protest additional regulatory restrictions on the use of leveraged or inversed funds, beyond the regulations that are currently in place. The new proposed regulations are an example of regulatory over-reach and are not needed.
I am pleased and proud of the fact that I never experienced any client complaints during my wonderful and successful advisor.
I oppose restrictions and barriers of entry to investments such as leveraged and inverse funds. I utilize leveraged funds in particular as a part of broader strategy both as a hedge and to enhance returns. Investors such as myself are capable of understanding and weighing the risks and potential rewards. Unnecessary restrictions do not help us and are a waste of time and effort for investors, brokers and regulators.
I am a well educated investor and leveraged funds are an excellent way to beat the market and accumulate wealth in the long run. Please ensure freedom of choice in this matter!
Let me and others like me invest as we choose. i oppose the proposed finra regulations on leveraged and inverse funds
I not regulators should be able to choose the public
investments that are right for me. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I don't need any measures imposed on me.
I 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. Explain that you are capable of understanding leveraged and inverse funds and their risks. Tell regulators you do not need these measures imposed on you.