Angelo Lovullo Comment On Regulatory Notice 22-08
I should not be blocked from legal public investments that I have full knowledge of and am qualified to transact.
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I should not be blocked from legal public investments that I have full knowledge of and am qualified to transact.
Thank you for taking time to read my comment. My biggest concern with this is what's next? The volatility of these products can be large, but there are plenty of very high volume company stocks with even more volatility then these 3x ETFs.
Compare UPRO with GME, AMC, SNDL, even TSLA. I would be at a loss to understand why I would be limited to trade UPRO but still be able to AMC, GME and plenty of other well known stocks.
You must allow people like me who choose to manage their own funds to properly hedge our investments when there's a market correction. Frankly, this appears to be a blatant attempt to protect an elite class of people (big banks, investment firms, etc.) while hurting another class of investors that want to properly protect their funds. If the market corrects, we shouldn't have to sit on the sidelines in cash especially during a time of unprecedented inflation when cash is consistently losing value. We should be able to put our money to work if we so choose.
I want to have freedom of my investment choice and I am totally aware of the risk and reward that leverage investment. Please do not take away of my freedom.
I not regulators should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.
No one is forced to buy any investment. Allow some freedom of choice in our society, and the ability to accept risk when we so choose. What difference does it make if I loose 30% in Amazon or 30% in a leveraged ETF? Let the buyer beware, and stop trying to protect everyone from everything.
The strategies implemented in leveraged and inverse publicly traded funds are important to me and should have no special process or tests for investors like me. I am capable of understanding the ins and outs and risks associated with these type of funds and they help me protect my investments and help with overall returns to my portfolio.
The open market system is important to the U.S.A. It makes socio-economic mobility possible. It makes our country an attractive place for immigrants who also work hard and produce for our national economy. Restrictions to our open market system are effectually discriminatory. While there are so many quantifiable "real problems," restrictions to the open market is not a priority action.
I don't need regulators baby-sitting my investment choices.
Investing isnt just for the rich. Investing should be for all!!!!! #LetUsInvest #InvestingForAll How do we help people grow wealth if never given a chance? Investing doesnt need gates! Let people invest!