Loyd Beacham Comment On Regulatory Notice 22-08
Please do not tell the American people what we can or cannot invest in.
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Please do not tell the American people what we can or cannot invest in.
I should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. Explain that I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on you.
I oppose the proposed regulation restricting my right to purchase cryptocurrency funds such as BITO/
To whom it may concern.
Leveraged ETFs have been an important part of my investing strategy for years. I am aware of the risks and the benefits to my overall investment goals. I have used them to consistently outperform professional mangers.
It is unfair that you would take the public's right to participate in the market and restrict it to the privileged. Please let us continue to trade on an equal playing field.
Inverse fund are an important check on the stock market. I believe that individual investors, when informed of the risks involved, should be able to choose to invest in these funds.
I would like the ability to invest in ProShares/ProFund.
Please let me pick my investment options. Leveraged investments are my best bet to hedge my regular investments instead of buying options.
In light of the new proposed regulation that ProShares has made me aware of I thought I should make my feelings known. There are many complex investment opportunities, and it is incumbent on the investor to educate himself on the risks. The government should protect us from fraud but not from ourselves. I am a free man, a living soul with a mind to make my own choices. Well written disclosures may be the solution. Regulation and restriction by the nanny state is never the solution.
Leveraged funds are important to my investment strategies; government imposed limitations of how I can invest my money is absurd imagine if I could decide specifically how the government is allowed to allocate and spend my tax dollars.
It poses a severe threat towards market fairness. It's like locking people in home because of Flu. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are. Also, the liquidity will be severely affected if passed.