Jonathan Cole Comment On Regulatory Notice 22-08
Please do not change the rules on leveraged funds, I use these frequently and love their place in my portfolio
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Please do not change the rules on leveraged funds, I use these frequently and love their place in my portfolio
I , not 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, not just the privileged.
I shouldn't have to go through any special process ,
like passing a test, before I can invest in public securities, like leveraged and inverse funds. I'm capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.
Leveraged and inverse funds are important to my
Please let individual investors choose to invest in the instruments they want
"A vibrant market is at its best when it works for everyone" FINRA website. Imposing these constructions on retail trades is contradictory toyour mission statement.
It is necessary for the leveraged and inverse ETF!
I am against added restrictions to my ability to buy and sell complex products and options. As an adult, I am capable of understanding the risks involved and can judge for myself my desire for these types of products. It has never been easier to gather your own research as a retail investor than it is now, and I condemn further regulations that only attempt to fence off my ability to invest.
Retail investors are becoming more and more skilled, even as people have begun to invest from less traditional backgrounds. Requiring testing or other requirements prior to allowing investment in certain investment vehicles and products would effectively shut out many retail investors, particularly investors that are from non-traditional investment backgrounds.
PLEASE...Do not punish educated investors by enacting the severe regulations which you are proposing in regards to inverse and leveraged ETFs. I have used these very successfully for many years. They compose an integral part of my investment strategy primarily as a volatility nuetralizer and as a hedge against downside risk. To date, I've successfully avoided punishing 2022 loses- primarily due to my use of these vehicles!
public investments should be available to everyone
The use of this these leveraged products has allowed my account to have excellent returns over the last many years from 2008 until now. I have only used the upside 2X leverage products and received very large returns, 1500% to 3500 % returns from 2008 through 12/31/2021. Yes there is high risk in these products unless they are used properly. So, what is proper use. If the products are only used when the markets or sectors are down 15-40% or more, the odds of the upside become much greater.