Edelmira Bizzarro Comment On Regulatory Notice 22-08
We should be able to invest without any special process. We should have access to all public investment.
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We should be able to invest without any special process. We should have access to all public investment.
I am capable of understanding leverage and inverse and
their risks and do not need these measures imposed on
me.
i use them as a limited part of my overall portfolio.
I have had trading experience over 15 years, leveraged and inverse funds are important to my investment strategies, and I use limited part of your overall portfolio to hedge or enhance my return. Public investments should be available to all of the public, not just the small group of special people.
Furthering the divide between groups of citizens that are allowed to participate in capital markets and those who aren't will ultimately destroy the markets as it's slowly ripped apart. This is not the way to protect retail investors.
It poses a severe threat towards market fairness. It's like locking people in home because of Flu. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are. Also, the liquidity will be severely affected if passed.
I should have to right to invest in any public company/fund I want to without jumping through hoops.
I understand the risks of such investments and am comfortable with them. Taking away these investment options from me would be ridiculous
To The Financial Industry Regulatory Authority (FINRA), I want to continue having the ability to freely invest in a broad range of public securities designated as complex productsincluding the leveraged and inverse funds offered by ProShares. These "complex products" have enabled me to protect my retirement portfolio from severe financial losses. Perfect example: The current "severe corrections" markets are experiencing due to the Russia-Ukraine conflict, inflation and potential higher interest rates. I have been able to hedge my retirement portfolio by buying inverse funds.
Everyone deserves the right to invest as they wish in whatever they choose without fear of being punished in any way.
I am a buy and hold investor. I might make 2 or 3 trades each year. I don't see any reason why I shouldn't be able to invest in leveraged funds with money I can afford to lose. I am 92 and have been investing for over 70 years. One learns much quicker from their mistakes than from government rules. I also started with nothing, now I am considered wealthy. I probably would not be able to pass your proposed tests.