Eva Thorn Comment On Regulatory Notice 22-08
We do NOT need any new regulations.
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We do NOT need any new regulations.
I am opposed to regulators interfering or restricting my rights as an investor. I use ETFs like these to enhance returns and often times even to protect me from downside risk (i.e. buying a market leveraged inverse when my portfolio has had outsized returns). I feel the regulators job should be one to provide information so people understand the risk, I don't feel they should limit my investment options or reduce the products I have available to me. This only serves to hurt the retail investor not help them. I appreciate the consideration.
Gentlemen, I was quite surprised to hear that you would be trying to further control how and why I invest my money. I completely understand prospectus, and I have the right to make or lose money as I see fit. I do not need your oversight, and I do not appreciate any additional regulation on my investing.
I have been investing in inverse funds, leveraged funds and other exchange ETFs for many years and the idea that anybody would try to come in and control my ability to invest is totally contrary to the freedoms I am accustom to in this country.
I should continue to have a choice!
I have been using inverse/leveraged funds for over 7 years now. When I started I was new to trading. I did all the research on the funds as that was my responsibility as a trader. The brokers I use all explained in great detail the risks of trading these types of funds.
Everyone should have the right to trade these types of investments. It should not be based on how much wealth you have. These are public funds and should remain that way.
Please We have no other way to hedge our investments. There is more than enough info out there to explain these investment vehicles. The leveraged instruments have been out for years.
Although I don't disagree with some regulation, I do have a hard time accepting restriction from investing in funds or stocks that I deem are acceptable to my risk appetite. If the regulation proposed would eliminate my access to these funds that I have the ability to research prior to any investment, I strongly oppose it. If the regulation would require that my investment vehicles be vetted for legitimacy and/or for misinformation, I'm all for it.
Thanks to my knowledge acquired in many years of study and work, I can take charge of investing in any financial asset and I take responsibility for it. USA always represents the possibility of investing with freedom and that is its added value in the world.
FINRA:
I oppose restrictions to my right to invest I should be able to choose the public investments that is right for me. Public investments should be available to all not just the privileged ones. I am capable of understanding leveraged and inverse funds and their risks. Leverage and inverse funds is a way I use to enhance returns.
Regards,
Yamil
I believe individual investors should be able to invest in leveraged and inverse funds. While not for everyone, the investor should be able to decide for themself and their family situation. I have used leveraged and inverse funds to great effect in my own investing. While they have not always worked out as I had hoped/expected, neither has any other type of investment.