Tym Kelley Comment On Regulatory Notice 22-08
Why would you limit my investment choices. Please keep out of limiting my ability to short the market through ProShares. You are unamerican to even consider limiting my choices/
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Why would you limit my investment choices. Please keep out of limiting my ability to short the market through ProShares. You are unamerican to even consider limiting my choices/
It is unethical for regulators to step in and prohibit investors from investing, especially after selling of securities from the feds and congress due to unethical reasons. I oppose this and will pursue the actions needed to seek a fair market.
I am opposed to changing the process for which Americans can access leverage funds for two main reasons. One, we have the worlds best economic system and limiting her this system makes no sense in regards to keeping us as leaders are on the world stage. Two, the forms already provided to buyers by brokerages and other companies already clearly delineate the products and potential he uses and consequences of using them. There is no need to add more to them since they are already effective.
I have been trading TQQQ, SQQQ, SCO, ZSL etc. and have invested a lot of my savings in them. I want to continue trading them without restrictions.
I am an individual investor, responsible for investing for my own family and retirement. I'm investing in PUBLIC investment vehicles, that currently are (and should REMAIN) available to any investor, and not just privileged hedge fund managers.
I DO NOT consent to having to take or pass any special exam in order to invest a security, which by definition is an act of risking capital in the hopes of a return. Loss, even total loss, is an inherent risk, as is an infinite return. Neither are likely, but they're possible.
I need to have the right to make the investments I choose, not regulators.
I have been investing in leveraged ETFs for over 8 years and fully understand the risks associated. I have traded both the long and short versions. I have both lost money and made money. I believe that all investors should have access and the ability to trade in these. The freedom to choose investments that could
help you achieve long-term financial security is extremely important.
Add my opposition to restricting the sales of these long established securities. I live by ETFs, inverse ETFs and BDCs, which pay high dividends. To make them illiquid by making them unavailable to all is hardly leveling the playing field. It would actually destroy my whole financial plan and portfolio. This is unfair punishment for which no crime has been committed.
I have Best disaster in double in triple S&P 500 and NASDAQ in the investments for many years, as a result I have built up a substantial net worth. Taking these investments away from me would greatly reduce my investment returns. So long as people understand what they are buying I see nothing wrong with them. I am fully aware of the risks involved, Ive been through good times and bad with them. But overall they are very important part of my portfolio.
You have not presented any evidence to show that consumers should lose the right to invest. Nor, as far as i know, have you presented any evidence that consumers using leveraged and inverse funds perform less satisfactorily than financial advisors. This appears to be a move to support the financial advisor industry with the restrictions negatively affecting the rest of us. Why are you supporting the "big" guys and gals by restricting the rest of us?