Edward Antle Comment On Regulatory Notice 22-08
Your proposed regulation is counterintuitive. Most investors are well aware of the risk/reward offer by these investment vehicles. Do NOT impose these regulations.
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Your proposed regulation is counterintuitive. Most investors are well aware of the risk/reward offer by these investment vehicles. Do NOT impose these regulations.
Individual investors should be free to make their own investment choices in well regulated markets. Taking away or making it more difficult to invest in leveraged and inverse financial products could drive investors away from regulated markets and subject them to increased fraud. The risks associated with these products is already well documented in the prospectus. These types of investment products help level the field between large sophisticated investment groups and small individual investors.
Greetings to the FINRA representatives reading this!
I strongly believe that limiting our ability as investors to trade leveraged or inverse ETFs is a huge mistake for you to make.
The beauty of the Free Market is that everyone can participate freely in it and can profit from their decisions. Leveraged ETFs help traders and investors across the nation achieve their desired results and objectives much more successfully than normal funds.
The access to those funds should remain free to everyone and easy to use!
I oppose restrictions to my right to invest in leveraged funds.
These leveraged funds are very instrumental in my investment strategy. I use leveraged funds for a small percentage of my total portfolio, buying more shares when prices are low and buying fewer shares when prices rise.
This is a volume averaging strategy involving a double leveraged mid cap etf and a triple leveraged nasdaq fund.
Again for only a small percentage of my portfolio, but a very important one for seeking enhanced returns.
It's my money and I CHOOSE how I want to invest that money.
I ACCEPT the risk.
ProShares is NOT Bernie Madoff.
I have a lot to lose if I CHOOSE poorly.
So, I am careful.
I strongly oppose to this regulation.
I use inverse funds as a simple hedging strategy for reducing risk in my investments. There is nothing complicated with doing this. It is a commonly used strategy. Taking away my ability to use this strategy is not helpful to me as an investor.
Leveraged and inverse funds are important to my investment strategies, public investment tools should be available to all public with no restriction, the decision of what tools to use for investment should come from the investor, not regulators. Restrict to use the public Leveraged and inverse funds will only make normal people lose the ability to invest smartly and effectively, and harder to do good investment and less chance to succeed on their investment.
The free availability of leveraged and inverse Exchange Traded Fund (ETF) shares are an absolute benefit to average, individual, small-time investors such as myself. The available prospectus of each fund clearly describes the risks and tells us the proper cautions.
PLEASE DO NOT RESTRICT THE BUYING AND SELLING OF LEVERAGED AND INVERSE FUNDS. THIS REGULATION HAMPERS THE ABILITY OF INVESTORS TO PARTICIPATE FULLY IN THE MARKET ENVIRONMENT. THERE ARE PLENTY OF SAFEGUARDS AND EXPLICIT WARNINGS IN PLACE FOR AN INVESTOR TO REGARD.