Richard McDermott Comment On Regulatory Notice 22-08
As an informed investor --I would be limited in my options if my ability to invest in proshares inverse / leveraged funds -- pls leave them as is -- we know what we are doing
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As an informed investor --I would be limited in my options if my ability to invest in proshares inverse / leveraged funds -- pls leave them as is -- we know what we are doing
Seriously? [REDACTED]? This really doesnt seem to be aimed at protecting the consumer. Seems to be protecting the current system. Ill pass all the accreditation qualifications, but I oppose regulations that keep regular people from investing in anything they wish.
My account balance is under $10,000 and I have used the triple leveraged ETF's for over 3 years. The bid/ask spread on option prices expands during volatile market drops making it near impossible to buy/sell contracts. Meanwhile I'm still able to enter and exit trades in triple ETF's during these trying market periods. Do not take this investment opportunity from small investors. Instead, you should be repealing the pattern day trading rules which handicap and harm small account investors.
Leveraged and inverse funds are important to my investment strategies. I use leverage and inverse funds. They help me protect (hedge) MY investments AND enhanced returns.
Dont restrict our freedom of buying these stocks.
This is injustice. You have found wanting,
I strongly oppose this. Do we not even have the right to invest in what we wish? Is this is really American?
Leveraged long etfs have given me better return than normal etf in past. So, I oppose any move to limit my options.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST. I, not regulators, should get to choose the public investments that are right for my investment strategies. Public investments should be available to all, not the select privileged. I oppose requirements of regulator-imposed tests, sharing private financial information, obtaining special permission, and any and all other restrictions on leveraged/inverse funds and complex trading products. Like many other retail investors, I understand leveraged/inverse funds and other complex products and their associated risks.
It's my money, let me do whatever I want. Thank You.