X F Comment On Regulatory Notice 22-08
Leveraged ETFs are an essential tool for my investment strategy. I understand they are risky, and I am able to take a big drawdown. Please dont ban them from small time investors!
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Leveraged ETFs are an essential tool for my investment strategy. I understand they are risky, and I am able to take a big drawdown. Please dont ban them from small time investors!
I oppose establishment of restrictions upon individuals to make investments as described in the proposed rule, #S7-24-15. While I support providing individuals with opinions and recommendations, restrictions intrude on decisions best made by individuals who weigh risk vs reward of investments made with their money.
Specific to crypto, individuals need no more restrictions than alternate investments such as equities, bonds and the like.
I am competent to make these decisions as I am a retired CPA with a degree in accounting.
All public investments should be available to all. Any access restrictions to leveraged or inverse funds is wrong. All investments have risks and those risks are taken by the investor not the regulator. Placing restrictions on funds or trading hours based your portfolio size or any other credential is wrongful discrimination.
If an 18 year-old can go into hundreds of thousands of dollars of student debt which his/her degree may or may not allow to be paid off, then a 40 year-old who has made enough to invest should be able to manage his speculative portfolio of investments as he sees fit.
I am opposed to regulators preventing investors from investing in leveraged or inverse funds. These funds serve a purpose including hedging other positions. The hedges would be difficult if not impossible to accomplish without access to existing leveraged or inverse funds. We, the investing public are not stupid and can judge the risks associated with these products. Regulators give the public far too little credit. Please don't limit our investing freedoms by restricting such instruments.
I believe that the proposed regulation in its effort to protect investors way oversteps the line between being helpful by ensuring that investors can make informed choices and being harmful by assuming it knows best what those choices should be and who should be allowed to make such choices and who should be banned from making them. Leveraged funds have been a part of my portfolio, including my retirement accounts, since 2015. I believe they are on average less risky than investments in many individual companies.
LINGMUYI CAHello, regulators! We invest in stocks and all public investments, including ETFs, based on a portfolio of shareholders using surplus funds from the company's operations. Thanks for the risk tips for leveraged and inverse funds. Before investing, carefully evaluate the financial situation and put the company in a low-risk capital structure; at the same time, fully understand the risks and possible fluctuations of investing in these. We are completely immune to these risks. As any kind of public investment, it is open to all investors in society.
Leveraged and inverse funds are important to my investment strategy. I use them for enhanced returns and I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.
I agree that investor education is critical and that both high level and detailed materials should be made more available that explain these products in terms that the average investor can understand. I oppose putting hurtles in the way of investors who want to use these products. Restrictions based on net worth or other financial metrics would be especially egregious.