David Larsen Comment On Regulatory Notice 22-08
Stop and think. It's my money, not yours.
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Stop and think. It's my money, not yours.
I appreciate the concern, but please be advised that I am very capable of understanding the risks in investing with leveraged ETFs. Please keep them open to the general public.
I haven't read the material yet, but at first blush this is quite an overreach. Not everyone can win - yet those that lose run to elected officials & want a refund for their poor risk management. Day trading "rules" changed nothing but the amount that could be lost to a greater amount. Time would be well spent helping the gamblers buying 0 DTE puts & calls on high IV stocks that only go up.
Me and 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 and wealthy!
Inverse ETF's are one of the few ways that individual investors can protect themselves from down markets. Leveraged ETF's provide even more protection. I understand the risks associated with them, and I believe that I should be able to choose the investments that I purchase.
I want the freedom to invest in any product I see fit without restrictions.
This is none of your business where and when I invest. I do not think I should be subjected to mommy to tell me what I can do or can't do. This is a free country still, so let me make my own decisions and not YOURS!!!!!! I understand what inverse funds are and rarely invest in them, but there are times to hedge my funds and this is the way I do it. So please buzz off!
As an investment professional, using these products in a responsible way with educated investors are an important to managing appropriate risk depending on market conditions. For less affluent retail investors who may not be able to use margin, options, or shorting strategies on their own, these products can give them access to strategies that can help them hedge their risk. These products are crucial to the democratization of financial markets as it gives retail investors some of the tools that only institutions could only use in the past for wealthy individuals.
It is me, not regulators, who has the right to choose the public investment that is good for me. Why should I have to pass an exam to be able to invest in certain public investments. leverage and inverse funds are important to my investment strategy and after all is my money.
I use leveraged and inverse funds to hedge against losses in my stock portfolio.Investors should be free to choose their investments. They do not need restrictions on what they can buy and sell in their investment account. Mind your own business!