Greg Majors Comment On Regulatory Notice 22-08
I should be able to choose my choices of funds. Leveraged or not....So I clearly oppose any restrictions to investing.
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I should be able to choose my choices of funds. Leveraged or not....So I clearly oppose any restrictions to investing.
I would like to take High Risk and High Return. Please don't put any restrictions on my invcestment.
I'm writing to ask that you don't change rules that would disallow me from making my own choices on which funds that I choose to invest. There should not be any special litmus test to determine my ability to invest in funds of my choosing. Leverage funds have benefited me greatly. My investments have grown exponentially, especially during lean covid years. Most investors who use these funds use a system or some sort of methodology to help manage risk. I ask that you keep these funds available for public consumption
Investors, not regulators, should be able to choose the public investments that are right for the inventors and family. Public investment should be available to all of the public.
Leveraged and inverse funds play an important role in my investment strategies. They serve a purpose, for example, to provide enhanced returns by taking a calculated risk bound by a limited part of my overall portfolio.
I oppose the proposed additional regulations for investing in leveraged and/or inverse funds. I am fully capable of understanding the risks involved and currently use some of these investments to hedge my long positions during the recent and ongoing market downturn.
In fact, without such investment vehicles being available, my financial position would be much more deteriorated than it is using such strategies.
No ones business what I want to invest in. I watch it everyday after being down there for years.
Investors should be able to decide and choose what investment is suitable for them. We understand the caution may be needed about leverage and inverse funds but it should not be prohibited.
I have learned that you are considering limiting investors ability to buy leveraged and inverse funds. I have had terrific successes with these types of funds and in fact the bulk of my trades are using this as part of my investment strategy.
Please reconsider, and leave these securities as-is so that we can buy and sell as we should be allowed to do in a free market economy. All the risks and rewards are ours - we don't need a nanny state to "protect us".
Thank you &
As a Financial Advisor, we have a small portion of our practice that uses leveraged and inverse ETFs in our clients accounts. We fully understand the risks involved. We employ multiple analytics in our decision making process, and use an active trading system in an attempt to mitigate the risks. The long-term results can be quite substantial for our clients. We feel it would not be in our clients' best interest if these products became restricted or prohibited. The proposed regulations appear to be overreach and would limit our ability to work in our clients' best interest.
I strongly oppose any new limitations on my ability to buy Funds (ETF's) including leveraged and inverse funds.