Steven Homer Comment On Regulatory Notice 22-08
I would like to continue to trade leveraged and inverse funds
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I would like to continue to trade leveraged and inverse funds
Greetings,
I hope to be able to choose the public investments without restriction, and no need to go through any special process like passing a test before you can invest in public securities including leveraged and inverse funds. I fully understand the risk of those leveraged and inverse funds. Please do not impose additional rules or measure.
Leveraged and inverse funds are important to protect (hedge) my investment and I tend to use them as a limited part of my investment portfolio.
I do not require or do I need " Big Brother or Sister" deciding what's best for me and my family. I consider myself mature and wise enough to accept the risk and reward that is inherent in the world of investing...
I have traded these products for thirty years. I understand the risks and rewards.These products are needed for liquidity, price discovery and hedging. The volume of these products clearly shows that they are needed. Investments must be available to all members of the public, not just to s select few, selected by some arbitrary process. A signed document, in the customers account file, that explains the risks is enough to allow individuals the opportunity to trade these products.
That is clearly an overreach!
I sincerely oppose any limitations on my ability (right) to invest in leveraged and inverse funds. I have already read and understand the risks associated with this type of vehicle and have been successfully using certain leveraged and inverse funds to hedge my long-term investments.
These are PUBLIC investments and should be available to all investors, not just the mega-wealthy and privileged few.
Why is everyone always trying to restrict the freedoms we already enjoy. It's my money and I should be able to spend it or invest it any way I please. I believe I should have the right to invest in anything I feel comfortable with. Don't take my right to invest away.
I oppose limitations on my abiliry to buy the Funds.
Please do not limit the ability of investors. It is i democratic and unfair