Floyd Reid Comment On Regulatory Notice 22-08
Please maintain my right to purchase various leveraged ETFs, as offered by Pro Shares Advisors.
I am an experienced investor and understand the inherent risks and rewards.
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Please maintain my right to purchase various leveraged ETFs, as offered by Pro Shares Advisors.
I am an experienced investor and understand the inherent risks and rewards.
Sir/Ma'am,
It has come to my attention that restrictions are being considered that would impose restrictions on the types of investors that can invest in leveraged and inverse funds.
I find the fact that this is even being considered to be deeply hypocritical considering the fact that many individual stocks (nevermind cryptocurrency) have similar or even more aggressive risk profiles than these funds.
Leveraged and Inverse funds offer small investors important protection options under certain conditions. Don't take away these choices. You will not be helping those you presumably seek to help if you do.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST. I should have my freedom to buy any stock/fund and I will take my own risk.
I dont want the government to limit my investment options
This so called ban will hurt me greatly in my ability to manage my portfolio in a volatile environment.
I do not want regulations to stop me from investing. I would like to be well educated, so maybe put an education process in place where we could break it down simply, by bullet points and not with the fine print.
If you are going to regulate, please focus on the documentation and education processes.
Using leveraged funds help to protect my other investments in my diversified portfolio.
I should be able to buy any stock offered publicly and not be required to take any special tests unless I decide to become a broker myself. I know the risks associated with owning any stocks and leveraged or inverse funds really don't pose anymore risk than owning any other stock. This is a free country and I want it kept that way.
Please do not put restrictions on who can and cannot purchase leveraged funds. These types of investments should be made available to the public, not just the rich.