Amitava Karmaker Comment On Regulatory Notice 22-08
I oppose the regulation
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I oppose the regulation
Disclosure requirements are fine, but restricting public access to investments is just not equitable. Punishing the little guy is unnecessary, unfair and discriminatory.
I am perfectly capable of making the right investment choices for myself and have been doing so for sometime. I immensely enjoy trading and investing. Leveraged ETFs, play a small, but important role as part of my total investment strategy. In fact, pulling the plug on their use at this very point in time in a bear market could cause irreparable harm to many investors. It is just the wrong approach.
I oppose the restrictions on the rights to invest. The proposed regulation is discriminatory. It gives an unfair privilege to the rich giving them the ability to grow their wealth at an increased rate, while leaving the poor with limited choices. This is discrimination in its ultimate form, and it should not exist. Further, it deprives investors of their basic rights to invest.
Leveraged funds are an important part of my portfolio and help me optimize my investment strategies.
Please do not introduce this unfair and potentially unconstitutional regulation.
It is unfair if institutional can easily get leverage. Regulators can ask special test for the individuals. Dont kill a free options for individuals in the name of their own benefits. That is not American way.
Taking this away will not in any way save people from risk. Leveraged and inverse funds are like any other and should be made available to all.
If regulators want to prevent people from gambling, then restrict the worst first. start be preventing online sports betting. then prevent sports betting at casinos. Then prevent slot machines at casinos.
and if the wish to help small investors, make Robinhood and others disclose how much they are paid for "pay for order flow"
And if they wish to help all investors, make big players disclose short positions and options positions. Allowing Citadel and Archegos to go without disclosure is a fraud perpetrated by the SEC.
I believe triple leveraged index funds should not be restricted, as they are inherently tied to indices which are the safest form of long term equity investment.
Leave the decision to me.
I should be given right to invest as it is now. No one should able to stop my rights.
I believe I should be able to invest in these leveraged and inversed funds.
I should not be restricted to do my investments since the brockerage unit already makes its due diligence to see if I am able or not to do such investme3nts, as it happens with options, currencies, etc.
These investments are important to me as it makes me able to balance my portfolio and actually minimize risk