Ralph Reese Comment On Regulatory Notice 22-08
I, not regulators should be able to choose what investments are best suited for me.
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I, not regulators should be able to choose what investments are best suited for me.
ME!!! NOT YOU 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, not just the privileged.
I need these inverse ETFs to properly run my personal portfollio. If these funds go away, the only way I can manage my retirement accounts is to buy put options that expire and carry a lot more risk than just a simple inverse ETF. I also like having the leverage. It allows me to add only a fraction of the risk associated with options with better results.
I want to make my own decision regarding leveraged investments. If you take this away from investors you must stop margin trading also. I have been using leveraged investments for years and do not need any further training or tests. A simple warning like I received years ago is enough.
I hereby oppose the limitations on my investments or future investments.
Please do not restrict my usage of specialized market products. I use leveraged products to reduce the risks of my family's investments in many other securities. In times of war, such as now, and high market volatility, such as now, and high inflation, such as now, and irregular FED activity, such as now, I need these leveraged products to secure the future of my family. I am just an average investor, retired, and worried about the current events of the world, but I also have thirty years of experience in the use of leverage, such as the use of futures, shorts, and options.
To whom it may concern, I oppose limitations on my ability to buy the Funds. Fidelity did give me warnings that some specific funds I was purchasing are of HIGH RISK, and I opted to proceed.
Thank you.
I write to oppose restrictions on my ability to invest in any way. It is my responsibility to vet and select investments and investment vehicles I might use without the need to subject myself to tests or other practices deemed to protect me from myself. I use investments of this type as a hedge when I perceive the need. If these types of investments are available to some investors I feel they should be available to all investors.
Dear FINRA Regulators,
I write to you to urge you to not impose distractions to my right to invest in leveraged and inverse funds such as ProShares.
I believe that each individual should have the ability to invest where they want and not be restricted to the privileged.
Adding additional special processes to invest where the public wants is a direct interference with the free market.
Individuals should have the right to use leveraged and inverse funds as part of their investment strategy without going through loopholes just to make their investment.
I have been investing in such funds for many years and found them adding diversity and protection to my overall portfolio
I strongly suggest that you dont restrict them or make them cumbersome to invest