Kyle Gemp Comment On Regulatory Notice 22-08
Please do not restrict this valuable asset class. They play a crucial role opening markets and strategies to the masses.
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Please do not restrict this valuable asset class. They play a crucial role opening markets and strategies to the masses.
Dear FINRA,
Public leveraged securities should be made available to the public at large without any special testing, endorsements or requirements. While I can appreciate that you are looking out for the novice investor, these ETFs (just like *any* ETF) are managed by managers who are FAR MORE FAMILIAR WITH THE MARKET than I am! Thats why they earn a management fee. I love the S&P and love my 3x leveraged ETF.
We need more tools for small investors to play a fair game against big institutions.
Hi,
In my opinion, People should be allowed to choose how they can invest their money to achieve their goals. They are best suited to understand their risk appetite. Putting restrictions on where they can invest and where they can't makes two classes of people, Ones who have the privilege and others who don't. Adding special conditions/processes before they can invest will not have any benefit other then forcing the people to learn to game the system.
I am capable of understanding leveraged and inverse funds and their risks. It is not necessary to have measures imposed on me. I believe this is the same for other investors.
I think I should have the right to select my investment in public securities. They should be available to everyone,not just the elite. Im quite capable of understanding the risks involved and use these instruments in my investment strategies. In fact Ive made a nice profit using leveraged and inverse funds and ETFs. They have also allowed me to hedge my investments and saved me money. They are less complicated than using Put options.
More choices are better than less choices.
China has restriction. If you want more restrictions, move to china
Just regulation should protect those who cannot protect themselves from bad economics actors. This regulation proposes to protect people from themselves, which does not sound like a free country to me. The risks and rewards of leveraged and inverse funds are clear and obvious with some simple math. One does not need to be sophisticated. Leave the people alone.
I want to make my choose of public investments and those investments should be available to all and not just the privileged. There shouldn't be any test before investing in public securities which include leveraged and inverse funds. I am full capable of understand all the risks when I invest in leverage and inverse funds and I do not need measure to be imposed on me.