Piler Tam Comment On Regulatory Notice 22-08
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST.
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I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST.
Too many regulations inhibit an investor from exercising his/her right to a stable and fair playing field. The market will regulate itself. it always has and always will. We don't need anymore government intervention.
It is important to me to keep access to leveraged and inverse funds unhindered. Please do not add any regulations, requirements, or restrictions to the use of these funds.
Comments: Please allow retail investors access to leveraged funds and ETFs as small exposure can be part of an important part of investment strategy such as hedging. If the position size is small (small percentage of portfolio) then the overall risk exposure to any of these funds can never be too great. Certain sectors (micro caps) can be as risky (if f not more so) than leveraged funds in my opinion. Finally, the access to leveraged funds has been allowed for many years without great losses (speaking of my account), so empirically I have managed any risk pretty well thus far.
I love these instruments and this would be a shame if it ended. Investors know the risk involved in these funds. That's why we put money in them and use them wisely to our advantage. This is another way for the SEC to hurt the little guys.
Ive been well informed by my stock broker with written documents and explanation about the risk of leveraged and inverse funds/ETFs. Therefore, I DO have the knowledge and understanding about the risks/rewards regarding the said funds/ETFs. Thus, I would like the freedom to trade inverse and leveraged ETFs since they enable me the flexibility to profit from both rising or falling or even flat stock markets by taking advantage of the associated covered-call option trades, and also to hedge against or reduce/limit the amount of potential losses.
Do not restrict my right to invest in leveraged funds.
I strongly oppose restrictions to my right to invest
Leveraged and inverse funds are important to your investment strategies. Consider explaining ways you use leverage and inverse funds, including that they help you protect (hedge) your investments or seek enhanced returns, and if you use them as a limited part of your overall portfolio.
Comments: I use inverse EFT's and would ask that you simply require some sign off via pamphlet. Rather than complex legal certification.
Thank you