Robert Stokes Comment On Regulatory Notice 22-08
Please do not regulate my freedom to invest money in ways that are best for my family.
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Please do not regulate my freedom to invest money in ways that are best for my family.
It's absolutely unreasonable to try and take away from the individual investor the ability to access leverage in (arguably) a safer way than using margin loans. If institutional investors have access to total return swaps, retail investors should have access to leveraged ETFs. If people make bad decisions and lose money, at least they're only damaging one life. Not the millions that institutions damage when they borrow money and make bad choices.
It is not the regulator business how I like to invest my money last I remember I live in a free country
Individual investors have been excluded from the advantages of large trading firms and lawmakers. Taking away individual investor RIGHTS to invest in leveraged & Inverse funds is just another ball & chain on individuals in their strides towards financial independence from Government. If an individual had invested in a triple leveraged S&P index fund for the last 10 years, they would have gained "roughly" THREE TIMES what an investor gained investing in a "normal S&P indexed fund.
I oppose this unnecessary regulation. This is just a way to stop people from being their own money managers and to unduly force people to use shady financial advisors. Apps like Coinbase, Robinhood, Acorns are amazing because they allow the little guy to enter the market who maybe doesnt have enough to open a brokerage account with a big bank or pay a financial advisors fees and doing this would be going in the opposite direction of the trend. What side of history do you want to be on?
The way to make long term investment and hedge for short term volatility. why cancel it?
Do not restrict the layman's ability to freely invest. Stops and limits on our investment ability screw over many people who want to diversify and leverage risk.
I have a right to invest my money in what ever vehicles I choose you do not have the right to prevent me from doing this. Do not ban these ETF funds they are a vital part of my portfolio.
I would like to express that there should NOT be any regulatory restriction for regular investors to have access to leveraged and inverse funds.
In my opinion it should be me, not regulators, that control my ability to select investment options that are right for myself.
It is my belief that public investments should continue to be available to the entire public, not simply the privileged minority.