Ganesh Ananthasubramaniam Comment On Regulatory Notice 22-08
Dear Sir/Madam
I find the leveraged ETFs very useful in my trading as part of my portfolio. Please do not restrict access to this useful tool.
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Dear Sir/Madam
I find the leveraged ETFs very useful in my trading as part of my portfolio. Please do not restrict access to this useful tool.
Leveraged and inverse ETFs offer regular investors a safe way to invest in a wider variety of securities, achieve higher returns and meet financial goals faster. Without these instruments, achieving these returns would require investors to take risky short positions or margin trade, which are much riskier than being able to invest in these funds.
I oppose restrictions to my right to invest in public investments when I am aware of the risks.
If you limit access to leveraged and inverse securities you should do the same for ARK etfs. They are treacherous. Many common stocks represent more risk the the leveraged etfs. I realize that the etfs don't track exactly at 2X or 3X but they are close enough. Look at a long term chart of SSO or UPRO. They are far more predictable than most common stocks or ETFs. The "Big Boys" just don't want to share a good thing with the rest of us.
Government and industry regulators should have no authority to prevent or restrict individual investors from investing in securities that are perfectly legal, regardless of an investor's personal understanding of such products. Informing investors is a great thing, but regulators have no right to require investors to undergo any kind of prerequisite educating or testing prior to trading.
To pass this regulation and eliminate certain investment vehicles, such as leveraged vehicles or the ability to go short on certain vehicles, implies several onerous things. Such as attempted regulatory manipulation of the market in one direction and secondly an insult to the intelligence of certain investors.
Why should vehicles that go short be more risky than vehicles that go long ?
Such laws more readily reflect and attempt to manipulate a market than protection of the investor!
Please please please FINRA, please do not restrict me and my family from investing in leveraged and inverse funds. I am now making very nice profits due to these particular stocks / funds. I understand the risk involved and feel I should not have to go through passing a test or any other special process in order to invest in these public securities. They provide me the security with hedging my investments. Forgive me if this sounds dramatic, but I would be devastated if I were disallowed these types of leveraged and inverse funds. Thank you very much for your consideration.
Comments: Leveraged ETF should be on each individual investor's decision with NO . Signing agreement before trade should be good enough for warning. It is each individual's freedom to do or not. DO NOT REGULATE OR LIMIT.
Individual Investors not regulators should be able to choose the public investments that are right for them.
Public investments should be available to all of the PUBLIC, NOT just the privileged!
How about you stop trying to regulate everything as that makes it look like a scam! As investor I oppose this!