LL Shao Comment On Regulatory Notice 22-08
I oppose restrictions to my right to invest TQQQ ugro soxl
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I oppose restrictions to my right to invest TQQQ ugro soxl
I think this proposed legislation is misguided and goes way too far. It would be like banning the sale of alcohol because some irresponsible people get drunk and hurt themselves. I have used both leveraged and inverse ETFs to hedge my portfolio. Recently I used such ETFs to protect my positions in fixed income securities. If I was forced to sell my bonds and preferred stocks the market makers would have made money and I would have had to pay a capital gains tax. This legislation would transfer money from small investors to rich and powerful market makers.
I object not buying leveraged etf.
I oppose limitations on leveraged funds
I resent that a government agency wants to take my right to choose what I wish to invest in. This is not (yet) a socialist country. Why do you think the people of this country are not smart enough to decide for themselves if an investment is right for them? Investing in a varied selection of assets is a way to PROTECT ourselves (portfolio) from certain types of market moves. Why should we be limited by yet another foolish regulation that will only hurt those who choose to invest in such things as leveraged and inverse funds.
Please dont cancel these etfs for the retail customer
To whom it may concern,
I am an individual investor and I make my own investment decisions, including the use of leveraged funds. I have previously used and still use leveraged funds to achieve better investment returns in market segments that I think will rise in value. I neither need nor want the federal government making those decisions for me. It is not the purpose of the federal government to regulate my ability to invest in widely available securities of my choosing. I strongly oppose any restrictions on my ability to freely do so.
As an American citizen we all need to have freedom to buy and shares we want. govermment should not stop our choice of investment.
Dont limit my investment choices.