Donald Ditter Comment On Regulatory Notice 22-08
This regulation should not be passed. it restricts an investor's right select his/her own investments.
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This regulation should not be passed. it restricts an investor's right select his/her own investments.
I like to buy leveraged and inverse funds once in a while to hedge my portfolio when circumstances are right. They never take a large position in my strategy because they can be dangerous. But knowing the risks and the rewards, I believe that using or not using them should fully be my decision.
Dear regulators,
While I appreciate the concern about investor's wellbeing behind this potential move, the outright prohibition or hindering access to these instruments would have, in my honest opinion, just the opposite effect to that desired.
Guys, stop with the whole, "YOU DON'T KNOW WHAT YOU'RE DOING! WE HAVE TO PROTECT YOU FROM YOURSELF!" .. It's outdated and clear that you just want more control over who can invest, when they can invest, and how many people can actually become financially stable in the future, far and near. Again, it's all about control, you want the control over how we manage our finances which will eventually lead to, as a whole, control over our finances in general!
This is not fair for private investors to hedge market volatility
I routinely hold and trade leveraged ETFs and I know what my risk tolerance and objectives are for these investments. I do not see any need to add additional layers of rules or regulations to my trading strategy. Please do not impose additional requirements that will make supporting my family more difficult.
I not regulators should be able to choose the public investments that are right for me and me family. Public investments should be available to all of the public, not just the privileged.
I disagree with the FINRA Regulatory Notice #22-08. Leveraged and inverse funds are important financial assets to allow individual investor to increase their gains and protect their assets. Please treat us as adults who are responsible for our own decisions and not children who need to be looked over. Therefore, there is no need of a test to determine if we're allowed to invest in these type of funds.
Please level the playing field. We need to be open to invest as everyone else with more money. Cautioning is appropriate but not making the process harder.
A leveraged ETF is the simplest security to understand. Investors of all levels of understanding need to be protected from paying loads, commissions, delays in redemptions, and from every money manager who does not understand the Sharpe and Sortino ratios, how to calculate CAGR and report theirs, deviations from random, optimization, value-at-risk, and how to use Monte Carlo simulation. The word "fiduciary" does not protect investors from ignorant investment managers.