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As an educated individual investor, I should be able to make investment decisions that are right for me and my family. I have a bachelors in engineering and a MBA. I shouldn't have to go through a special test before I can invest in public securities such as inverse and leveraged funds.
Restricting access versus possibly increasing margin requirement seems to be the better route.
This rule is obviously meant to hurt the little guy. If this passes, your corrupt intentions will be obvious to all. Sad!!
The United States possesses a free market. It is up to investors to be well informed and understand the investment choices that they are making. Restricting investments from investors based on specific criteria is a way of controlling or manipulating markets and is not ethical. What is being considered is not ethical. Stop trying to make our free markets restricted. All investors should have the right to invest in the vehicles of their choosing and the responsibility for their choices is theirs.
Please do not restrict what I may do with my investments. Small investors should not have to pass tests to show their intelligence concerning anything they choose to invest in. All investments should be available to us. I do not need or want these restrictions imposed on me, as I'm sure many of my peers feel as well.
- Many of the leverage etfs, specially those which represents the broader market, such as UDOW (3x Dow Jones etf), have a long term upward movement and can be held long term if investors can stomach the volatility. Meaning if investor held them, they would have been rewarded. If you ignore the most recent downturn, UDOW since inception had an upward movement and rewarded investors more than 15 times their original investment outperforming the Dow Jones Etf over the same period.
I should be able to make my own decisions about investments. I have used leveraged ETFs for more than five years now to build my wealth. It should not be a tool simply for financial professionals or the wealthy. Do not infringe upon our rights.
Limiting retail investors rights to invest as we see fit is wrong. Its discriminatory and its dictatorial.
Regulators should not be the ones to choosing what investments are right for my family. Remember that America became the historical powerhouse because it embraced the principles of the free market.