William D Nixon Comment On Regulatory Notice 22-08
I would like to maintain my current freedom to invest in public securities of my choice .
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I would like to maintain my current freedom to invest in public securities of my choice .
Good morning,
Please not not limit our ability to invest leverages and inverse funds.
The stock market is very volatile and the retail investor has very little chance of competing with the big hedge funds.
This is absolutely ridiculous. This comes up every 3 or 4 years. Want to absolutely crash the markets and decimate jobs at pro shares and America? Heinous proposition. The volume on some of these ETFs is huge, they provide massive liquidity to markets. Only allowing high net worth individuals to invest? Sickening. The rich get richer while the worse off cant participate. Please dont do this.
I want the right and freedom to invest in the stock I want to, so please do not add any restriction to purchasing stocks. Please let us trade any stocks thats available on the stock market.
I am an individual investor that holds shares of ticker TQQQ and ticker UPRO. I am fully aware of the risks of these 3x leveraged funds, particularly the risk of how 3x daily negative returns can compound during bear markets and lead to quick losses when holding these funds. I am also fully aware of what a powerful tool these ETFs are in building wealth when used correctly as a part of a greater portfolio strategy. No restrictions should be put on trading these types of leveraged index funds just because of how powerful they are.
I am retired and have been managing my own portfolio for many years. Because of the market volatility I use leveraged funds (specifically SPXU, UVXY, and SQQQ) as a hedging strategy for my entire portfolio. I do not understand why the government should regulate what public investments people should be purchasing.
Save my Constitutional rights.
Please no more regulations. Let me choose what I want. Thank you.
I have no use for regulations that limit my investment choices. Free will and freedom to choose is essential to my American way of life. Authorities who make believe that they know more about me than I know about myself have exceeded the limits of government of the people, by the people, for the people. Authoritarians war against my freedom of choice and in no way represent my own best interests.