Joseph Fernandes Comment On Regulatory Notice 22-08
It's my money, let me do whatever I want. Thank You.
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It's my money, let me do whatever I want. Thank You.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I oppose any restrictions on my freedom to invest in the stock market. This is a overreach by the SEC. I use leveraged funds in my day to day trading to increase returns minimize losses in down market situations. I have been using these type of funds since 2018. I should not have to go through any special processes, approvals or delays in trading. Its my money and the right to do as I wish with my funds. I have a BS degree in Mechanical Engineering and well capable of understanding risk and rewards of these funds. Larry Weinbrenner [REDACTED]
Leveraged ETFs (long and short) are important tools for hedging positions. Eliminating or restricting them will hinder the ability to effectively hedge positions.
Please do not limit my ability to make my own trading and investing decisions. I am a grown adult and able to make decisions for myself.
I am a highly educated adult with decades of trading and investing experience including venture capital and angel investing. Don't pretend that your regulations are protecting me. I fully understand the risks and am prepared for potential loss. Get out of my hair and let me go make money. The leveraged investment vehicles happen to be working incredibly well for me. Freedom America, not leave me be.
Greetings,
I have been using inverse and leverage funds for years as a way to MITIGATE risk in my portfolio. They have proven time and again to be great vehicles for preserving wealth and capital in times of uncertainty. During the COVID crash, Inverse funds allowed me to hedge my portfolio quickly and easily and preserve most of my capital while the "buy and hold" crowd lost 30% of their portfolio in a matter of weeks.
I strongly oppose the proposed rule changes that would restrict or even block access of certain investments including leveraged and inversed funds.
I am not sure what the concern is with respect to these type of investments. I appreciate that they exist so I can take a bet that values will fall (inverse funds) and take a leveraged bet so as not to tie up too much of my money with the bet or hedge as the case may be. I believe the disclosures are adequate. I appreciate that you might be well intentioned with this approach, but I wonder how long it will be until you start restricting my ability to drink alcohol or sweet drinks, etc. in an effort to protect me from myself.
I do not agree with the proposed changes to leveraged and inverse ETF funds. These are required in my portfolio to help balance out market volatility.