Jared Sykes Comment On Regulatory Notice 22-08
Freedom of choice is important.
For the Public
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Freedom of choice is important.
I am writing to OPPOSE the proposed restrictions by FINRA on my investments, via my financial advisor. The right to choose is foundational to America. Please do not put restrictions in place. William Boeger, Wisconsin Investor
I have actively been investing nearly 30 years and during that time have seen the introduction of ETF's and inverse funds which were at that time put under intense pressure to disallow such funds. They have since proved to be very popular and effective tools in the personal investment world.
I believe that any restrictions placed on these funds is strictly an attempt to inhibit my ability to safely and efficiently control my own investment goals.
I should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged.
I also should not have to take a test or go through ay other special process as I have a very good financial advisor who makes sure I understand my investments and any risks involved. I don't need these measures imposed on me.
I earned the money and have a right to invest as I see fit.
I myself not the regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, and not just the privileged. I have read the risks and have been using these vehicles to invest for over a decade now with success.
I oppose any restrictions on choosing the investments that are best for my family. Regulations like this will handcuff small investors and hand an advantage to larger investors. That is not a recipe for a free or fair market.
I would not like anyone telling me what I can and can't do with my money and investments. I am more than capable of understanding risk for all my investments, including leveraged and inverse funds. I currently use leveraged and inverse funds to enhance my returns and protect my portfolio. Leveraged and inverse funds ARE NOT strategies the public needs to be protected by regulators.
I oppose restrictions to my right to invest as a retail
Ive been using leveraged funds e.g., UPRO for 14 years. Its a critical part of my trading strategy. I fully understand the risks, and in many ways, its less risky than borrowing money (i.e., margin account) to implement my trading strategy. My demonstrated success in using these funds as part of my trading strategy is testament to the fact that traders can learn through reading and experimenting with approaches on their own. Ive gone so far as to teach friends and colleagues on the benefits and risks of these funds, and how they can be integral to a successful trading strategy.
The leveraged and inverse funds give the non-professional traders the opportunity to cushion our investments by trading when the market is both rising and falling.