Raj Desai Comment On Regulatory Notice 22-08
I oppose any regulations which limit my ability to choose any leveraged or not leveraged funds.
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I oppose any regulations which limit my ability to choose any leveraged or not leveraged funds.
Leveraged and inverse funds are important short-term investment strategies which should be easily accessible to retail investors. Retail investors already have limited access to hedging besides bonds, particularly short-term hedges. Other hedging choices like covered calls through options derivatives are more complex than inverse or leveraged funds. Putting increased barriers for retail investment only hurts the average person. Lastly, there are already numerous warning signs about the long-term risks of inverse funds and leveraged etfs before buying these products
My experience over the last several years has demonstrated the value in modest and moderate usage of leveraged ETFs for ordinary investors such as myself. Fully aware of the risks, I have made significant gains which would not have been possible otherwise. Requiring these additional steps would cut off all but the wealthy from the benefits of these assets, forcing investment in instruments which are, in reality, higher risk than these in the hopes of achieving similar gains.
I have been a member and executive of the Chicago Board of Trade and served as the Chairman of the DOW Jones futures committee for 40 years. I believe it is in the best interest of if FINRA the SEC to allow inverse ETF products to be continued to be freely traded. It give the investors the ability to hedge risk of current equity holdings or there 401-ks
I strongly oppose restrictions on my right to invest in public investments.
I am thoroughly capable of understanding leveraged and inverse funds and their risks. I've been in the market for more than 15 years and have accrued a winning portfolio. Leveraged and inverse funds are EXTREMELY important to my investment strategies. I need to be able to choose the public investments that are right for me.
Public investments should be available to all of the public, not just the privileged.
Thank you for your consideration.
I fully believe in the freedom of the capital markets and my choice as a participant in those markets to remain unencumbered. There have been too many instances of the elite class not allowing the everyday person to use these markets. I use leveraged products as part of my trading strategy. It helps me greatly to have these products available to me. I think the current prospectus for these products explains how to use them properly.
I should have the right to invest my money as I see fit . It's up to me to learn the pros and cons of different financial instruments . While I'm at it I am tired of calling hedge fund operators who tell me I must have a certain net worth and income to invest in their funds . If I have $20k to invest in these funds they should be more than happy to have me as a client . Thanks .
To all regulators.
I oppose restrictions
on my right to invest in public investments.
I'm aware of the risk and I fully take responsibility for my investments.
I vehemently oppose limitations on MY investments! Please stop this regulation process!
I want the freedom to invest as I see fit.