Brandon Forbes Comment On Regulatory Notice 22-08
Everyone should be able to invest in all types of investment products. Freedom to make our own choices.
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Everyone should be able to invest in all types of investment products. Freedom to make our own choices.
I don't need a babysitter controlling my investment decisions. Let me think for myself.
To whom it may concern,
I request you do NOT add new requirements or restrictions to those funds deemed "complex." The term itself can be vague at best and requiring consumers to jump through arbitrary hoops still doesn't reduce the risk of harm in any way, but it could potentially exclude individuals from benefiting from their added diversification.
I can see where you are coming from but as much as you want to regulate everything from mortgage, stocks and bonds, and from whom you can purchase from. Over regulation never works.
Leveraged ETFs should be available to everyone. They are not more complex and risky than buying options. Level 2 options approval is easy for anyone to obtain and Options are a wasting asset.
Regulate wall street not main street. You are just adding extra hoops for retail traders to jump through. If a retail trader wants to take on a lot of risk, they will find a way to do it. You are not protecting anyone. This will just widen the gap between the average investor and institutional investors.
There is no reason to limit the availability of these funds. No cooling off period is warranted.
We would to trade pro shares as a experienced trader it is our responsibility to trade stocks or etfs we like
I have been a long term investor in leveraged products for more than 12 years. I am a responsible and an educated investor with these type of investments. My broker, TD Ameritrade provides a warning every time an order for leveraged/inverse investment is made. These are not Meme stocks or high risk options that need any sort of regulation. In fact, meme stocks and options are the ones that need additional regulation.
Most leveraged funds SHOULD probably be restricted to certain qualified investors as they often have extraordinary risks that the casual or long-term investor may not be aware of. The risks need to be clearly explained.