Tom Schones Comment On Regulatory Notice 22-08
As an investor I personally oppose any regulations on leveraged and/or inverse funds.
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As an investor I personally oppose any regulations on leveraged and/or inverse funds.
The government should not restrict my investment strategies. Especially when I can only loose my cost bases unlike options.
Government needs to keep it's dirty hands of Americans right to invest. If I want to buy a million inverse efts I have that right. The Government [REDACTED] can't keep your hands off peoples investments that are just trying to pad there retirement. If this is done most people will pull all there money out and the stock market will continue to crash. I promise this will happen only out of pure ignorance from very poor leadership. Leave the investment world alone. Government has already ruined everything it's tried to change. [REDACTED]
Leveraged and inverse funds like those offered by Direxion and Proshares provide individual investors like me the opportunity to take leveraged positions without the need to understand the underlying complex derivatives and options tools used to create the leverage. Please don't add extra restrictions that make the use of the funds more difficult. I already have to regularly sign a statement that I understand the added risks these funds entail.
Why should my investment opportunities be limited?
inverse and leveraged fund is not too complex. normal people understand them and they are tools in investing.
These are very useful tools when used properly
Thank you for your concern for the small investor. Many of us see the investments you are considering for additional regulations and restrictions to be a legitimate means of protecting our hard earned wealth. Life itself is risky. Please consider the impact your decisions will have on those choosing to use these products.
Do not restrict my personal right to choose which investments I place my capital in. My rights to Liberty and the Pursuit of Happiness carry with it the freedom to choose as I see fit and accept the responsibility of the consequences of those choices. Restricting certain investments to the wealthy and connected elite of our country will only exacerbate the income gap. I use these leveraged funds as a limited part of my total investment strategy and am well aware of the risks involved. I fully understand and assume the responsibility these risks incur.
I use leveraged and non-traditional investments to diversify and take measured risks in my portfolio. Individual investors are only risking their own funds. Individual investors have never posed a structural risk to the economy. No broker is pushing non-traditional or leveraged investments onto their customers, so the only people using them are those that have made the decision of their own will.