Alex Haiduk Comment On Regulatory Notice 22-08
In general:
- It's good to have people educated and understanding what they are dealing with.
- It's extremely bad to restrict people's right of making their own decisions.
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In general:
- It's good to have people educated and understanding what they are dealing with.
- It's extremely bad to restrict people's right of making their own decisions.
It is absurd that companies would go through all the trouble of creating and publishing prospectus documents and abiding by all regulations only to have regulators deem them unsafe or unsuitable for investors. Please do not limit the my ability to trade. I want to make my own informed decisions and not have them made for me.
As a small business owner and someone who enjoys directing my own investments, I want to comment on the proposed regulation of leveraged and inverse funds. Leveraged funds make up a small, but important part, of my investment strategy. These funds are not difficult to understand nor are their potential risks and benefits. My investment strategy is conservative but leveraged funds give me an opportunity to enhance returns and take measured and calculated risks.
Markets are made up by 2 sides and investors should have the freedom to choose to stand on either side of an investment, whether it's on forecast of high demand or low demand. That's the definition of a free market.
In terms of leverage I support that brokerage be very clear in its warning about the high risk potential of such investment tools, but once investor opts in it's a sign-off on accepting such a risk at his/her own benefit and/or peril. Do retail investors have to ask to be treated as functioning adults?
This is a very restrictive measure and limits my ability as an experienced investor to invest as I see fit. I am aware risks involved and those risks have been made clear to me.
Im perfectly aware of risk of investing in leveraged products , and I use this as part of my investment strategy. I do not need/ want any regulation on this products that could jeopardize my investment strategy.
I want to be able to make the choices that affect my financial life without hindrance from the government.
Please do not make it difficult or prevent me from investing in public securities, like leveraged or inverse funds. I am capable of understanding these funds and the associated risks on my own and do not want more regulations. Please review all existing regulations for opportunities to eliminate regulations that do not serve the public interest and contribute to waste in business, government and people lives.
My family is in an awkward position. With me as the main breadwinner, I need an income with a work from home job. I have studied stock trading for years and require access to both leveraged and inverse ETF's. Mostly, I use them for hedging my investments and this is crucial in any market condition.
I am a retired citizen and an active private investor. I never had a job that provided me with a pension. I taught myself how to invest through trial and error. One of the great developments in investment products at the end of 1997 was that of ProFunds' making available inverse funds and leveraged funds. Both of these categories of mutual funds provided me more flexibility in how I could manage and grow my retirement accounts. The availability of these investment products helped me provide for me and my family in maintaining my status as a middle class tax-paying private citizen.