Ben Brackett Comment On Regulatory Notice 22-08
We did not elect you to tell us what to do with our money....The people of America can still vote and we will...
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We did not elect you to tell us what to do with our money....The people of America can still vote and we will...
I 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.
Leveraged and inverse funds are important to my investment strategies. They help me protect (hedge) your investments and seek enhanced returns.
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 do not need these measures imposed on you.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST.
I'd suggest not limiting access to these products, but rather increasing the education requirements and understanding of these products. The risks of the products should be spelled out plainly, not lost in some lengthy document that none of the investors are reading. In big bold letters and a concise one page document, all of the risks are summarized and distributed regularly to investors in these products.
It's your money you should be able to invest it as you please.
Regulators should stay out of choosing what types of publicly traded investments are right for market participants.
Public investments should be available to all market participants, not those deemed "worthy" by regulators.
No one should have to take a test in order to trade a leveraged or inverse ETF.
Leveraged and inverse funds are important for portfolio strategy, particularly for those investors who are already limited by qualified plans.
No longer will we settle to graze on fallow investments deemed safe enough for the unwashed sheep that you wish us to be. We know your so called professional investors (hedge funds) are given Carte Blanche to manipulate the markets for the enrichment of the elite. Your worst nightmare is an educated electorate. Youve seen the success retail investors can have to the detriment of the criminal professionals with these investment products and youre attempting to take away middle class opportunity yet again! I say NO MORE!!! I will actively campaign against any entity promoting this travesty.
This discrimination against Americans who are not high net worth is ridiculous. You realize most "high net worth" individuals are trust fund idiots who were given everything on a silver platter and don't deserve access to special things, the hypocrisy in America is disgusting money does not equal intelligence. If you think these products are bad they need to be banned for everyone.
Let us trade! Stop interrupting!
Dear Sir/Madam:
Leveraged and inverse funds are a vital part of helping me to hedge my portfolio and avoiding constant trading. I use these tools to short the S&P 500 or other indexes when they have become frothy (in my view). These products reduce the volatility and allow me to stay in core positions longer. I use them as short-term hedges and the risks of staying in them too long (decay) are well known. In short, they are an important part of my investor' toolkit.