Ryan Strennen Comment On Regulatory Notice 22-08
Investing should be democratic for all individuals! Not just the very small high net worth individuals who lobby Congress.
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Investing should be democratic for all individuals! Not just the very small high net worth individuals who lobby Congress.
I should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before you can invest in public securities, I like leveraged and inverse funds and I am capable of understanding leveraged and inverse funds and their risks Leveraged and inverse funds are important to my investment strategies
The regulations proposed on leveraged & inverse investments by individuals are another government overreach. It will violate privacy, abrogate individual rights, it will increase costs. The regulations that require brokerages to collect "designated investments" forms are already enough. These investments can be a hedge against down markets, and give an individual access to just one of the tactics that only the truly wealthy can access now. If you want to regulate something, regulate Chinese ADRs!
To whom it may concern,
The prospectus is clear and the financial instrument is behaving as intended.
Dear Regulators:
I use a leveraged ETF on the Dow Jones as a SAFE way to invest and supplement my income in retirement. The moves are relatively small , up or down, and because the market - unlike stocks moves in both directions as opposed to stocks which move in a trend - my losses can be minimized or offset. Please do not take these index funds away.
You not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. Leveraged and inverse funds are important to your investment strategies. Consider explaining ways you use leverage and inverse funds, including that they help you protect (hedge) your investments or seek enhanced returns, and if you use them as a limited part of your overall portfolio
I oppose your attempt to prevent investors from making personal choices as to what public investments I and my family can make. Naturally, you are opposing inverse funds just as the markets have entered a new regime and likely prolonged bear market. Inverse and leveraged ETFs play an important role and allow individual investors advantages similar to hedge funds in providing return opportunities, regardless of market direction. The ability to hedge and outright profit during a market decline is extremely important.
To whom it may concern,
I am alarmed at the new regs that I understand you are considering re: leveraged and inverse funds.
I use them for a hedge not a ridiculous amount of leverage.
I appreciate you looking out for me but I've been licensed several times, I majored in finance in college, and I've taught financial info for over 30 years.
Please, reconsider this action. If you look closely, you'll see that I and my brethren are usually an extremely sharp lot and don't need any help from the government.
I am deeply concerned with proposed increase regulation and oversight of leveraged and inverse funds. I have spent years reviewing and learning about leveraged funds, watched their performance and understand their risks. With careful measures, I have had success using them to increase my portfolio considering in excess of the market (eg SPY). And have steps to cover losses in bear markets.
I have held and trade the leveraged Proshares such as TQQQ and UPRO since 2009. They have been important investment vehicle for me and my family. To restrict my right to trade such ETFs is going to great harm to my financial well being. I urge the regulators not to restrict my right to trade these ETFs.