Roger Znyski Comment On Regulatory Notice 22-08
i am opposed to investor restrictions on what i can do.
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i am opposed to investor restrictions on what i can do.
I would like to trade conta ETF and Laveraged ETFs.
Hello,
Do not cut off investing on these leveraged etf's. Especially for seasoned investors like myself.
Thank you
Prior to retirement I was in the securities industry for over 40 years, a substantial period was spent as a partner of a major securities firm as VP in charge of derivatives. I dealt with people and firms with an interest and need to hedge their risk - my own portfolio is hedged appropriately with the instruments you mention. The proposals that you consider are needless and counter productive.
Shame on you. You should regulate Tesla and other big funds rather than us.
I use leveraged funds to hedge my accounts in volatile markets. They are a particularly efficient and inexpensive way to do that in a short-term way. Regulations make short-selling as a hedge very difficult and cumbersome; the ability to access leveraged ETFs levels the playing field for retail investors who do not use brokers. I understand the risks and decay of the instruments, but those are minimal when used as short term hedges. If one can buy options, why not leveraged ETFs? I really want to maintain the freedom of access to such ETFs.
As an investor I highly value the ability to choose my own financial products and equal access to complex products is very important to me. I deeply understand the products and it would be harmful to my investment goals to remove access to the broad sets of products being considered as complex.
Living in a free country, people should have the right to make their own investment decisions.
Leveraged funds are diversified to begin with offsetting risk. If folks want to lever them 2x or 3x that's still far less risky than buying an individual stock. Given other issues in the markets it's baffling regulators are focus on funds and not out of the money options or crypto as real issues that can affect investors who aren't as experiences. As a former professional trader, this is backwards and not focused on the greater good, I don't know what it is focused on honestly.
I have been investing on my own for over 30 years. It would be a handicap to me not to have the tools of leveraged or inverse ETF products. Please do not remove these options to investors!