Robert Downs Comment On Regulatory Notice 22-08
Leave my investing strategies alone... please!
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Leave my investing strategies alone... please!
This type of investment stratigy is important to my retierment success - do not stop me for being able to trade and suport my family - Thank you
Please allow investors to continue to invest in leveraged & inverses funds. Its a way to diversify or go after a segment.
To exclude funds for general investors will limit options to only higher net worth investors would be a mistake
Restricting investors abilities to trade certain funds under is absolute criminal [REDACTED] Institutions and the wealthy making rules under the guise of protecting us from ourselves is the most corrupt and dishonest [REDACTED I have ever heard.
This proposed regulation is backwards. Restricting the individual on their financial choices through regulation will only hurt individual investors and benefit wealth or institutional investors. These regulations stink of the wealthy and large institutional investors attempting to protect the market from retail investors. They thought for a long time that they held a monopoly on investment power and could make the markets go their way at their will. The retail investor shook them to the core and showed how little power they really have.
It should be up to individual investors to decide for themselves whether a particular product is appropriate for them to invest in. Having the inability to invest in complex funds or ETFs would limit me to actually beat the market . . . which it is why I use them as part of my investment strategy. Having to go through a special process in order to invest in such funds is like taking a test in order to drive a car. No one that I see on the road obeys the speed limit OR even Stops at a stop sign completely.
As a 91 yr-old with over 70 years of experience in the Securities Markets__15 of those years as a Registered Broker__I have witnessed countless examples of inept actions by Big Govt. "Hedge Fund" connotes dodgy transac- tions in the view of most. And yet the basic strategy's been used with commodities, insurance and debt securities for 100's of years to REDUCE "risk". Competent "risk analysis" is very rare__especially in Big Govt.
I am currently planning my retirement. I use inverse and leverage funds to help build for my retirement. These funds are bought and sold just like stocks and gives people the flexibility to choose how, when, how much etc. to invest based on personal decisions and risk assessment by the individual. Restricting access would be similar to limiting competition and choice. By restricting access, you could be pushing towards an antitrust violation / lawsuit type of situation.
Regulation, in almost every instance of its implementation has never been what it has been sold as. It is almost never to protect investors and almost always serve the self interest of those regulating it like a Trading platform removing a buy button from specific stocks.
There are thousands of sources of information for investors to research and understand these complex inverse ETFS. The only thing complex about them is handled by the company that issues them and not the investor.