Martin Tremblay Comment On Regulatory Notice 22-08
Shame on you. You should regulate Tesla and other big funds rather than us.
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Shame on you. You should regulate Tesla and other big funds rather than us.
I use leveraged funds to hedge my accounts in volatile markets. They are a particularly efficient and inexpensive way to do that in a short-term way. Regulations make short-selling as a hedge very difficult and cumbersome; the ability to access leveraged ETFs levels the playing field for retail investors who do not use brokers. I understand the risks and decay of the instruments, but those are minimal when used as short term hedges. If one can buy options, why not leveraged ETFs? I really want to maintain the freedom of access to such ETFs.
As an investor I highly value the ability to choose my own financial products and equal access to complex products is very important to me. I deeply understand the products and it would be harmful to my investment goals to remove access to the broad sets of products being considered as complex.
Living in a free country, people should have the right to make their own investment decisions.
Leveraged funds are diversified to begin with offsetting risk. If folks want to lever them 2x or 3x that's still far less risky than buying an individual stock. Given other issues in the markets it's baffling regulators are focus on funds and not out of the money options or crypto as real issues that can affect investors who aren't as experiences. As a former professional trader, this is backwards and not focused on the greater good, I don't know what it is focused on honestly.
I have been investing on my own for over 30 years. It would be a handicap to me not to have the tools of leveraged or inverse ETF products. Please do not remove these options to investors!
I have invested in leveraged and inverse funds for six years. Please do not put unnecessary regulations on my investing rights.
I ask to invest in what I want freely!
I oppose any restrictions to my right to invest in public investments that are already out there.
Required labeling and disclosure of a fund's use of leverage and inverse strategies is sufficient information for the majority of investors. Regulatory focus should be on the transparency of the labeling and the sufficiency of the disclosure required of these funds. Ultimately, government cannot protect a person from his/her poor judgement, hubris, or greed; a person bent on failure will always find a way. Don't limit the rest of us from using these investment tools.