Brian Saltsburg Comment On Regulatory Notice 22-08
Consumers need choices, and leveraged and inverse funds should remain part of those choices.
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Consumers need choices, and leveraged and inverse funds should remain part of those choices.
You (the Govt) does not have any right to limit or restric my investment decisions. This is unconstitutional and you have no such authority. Leveraged investments are part of my investing now. What would you do, FORCE ME to sell my investments at an inopportune time. If you would do such a thing, you will be liable for any investment losses you cause as well as missed opportunities for higher returns.
I was alarmed to hear regulations are being considered by FINRA, which would severely restrict my being able to buy leveraged or inverse funds to invest for my family! The wonderful thing about Inverse or Leveraged Funds is that I can capture the same returns with 1/3 less Capital outlay A typical real life example for me would be if I... When I Invest 10,000 into 3X Inverse/Leveraged ETF and it earns 9% = $900 Return... Conversely, to earn that same $900 in a regular, similar ETF thats NOT a 3X ETF looks like-- WOULD NEED $30,000 into Regular ETF and it earns 3% = $900 Return...
I should always be able to choose the investments that are right for my portfolio. Public investments like leveraged and inverse funds should be available to everyone and not just the privileged so called experts.
There are many reasons to make trades via leveraged and inverse funds. Most importantly, leveraged funds such as SSO acts as a "blow off vent" so that people who are trying to chase returns (such as myself) can invest in the safer SSO instead of penny stocks and the such, which are de facto much more dangerous.
Dear Sirs: I understand you are considering regulations to restrict the vast majority of investors from investing in leveraged and inverse funds. Quite simply, stop this effort right now. I don't need someone in Washington to "protect" me from these types of Investments. I research all my investments and I'm well aware of the risks entailed in these types of Investments. I hold some inverse investments right now that are doing quite well and move in the opposite direction of the stock market. I'll be quite upset if you take these types of Investments away from me.
Hi FINRA I oppose limitations on my ability to buy the FUNDS. I want to maintain my current FREEDOM to invest in public securities my choosing. thank you for understanding Benecte Alcime Account # 0639
Dear FINRA Regulatory Team
I oppose limitations on my investments strategy or choices and I do not need any measures imposed on me due to the following reasons:
I've been investing for 20 plus years. I Have a college degree in finance and economics. I have the right to invest how I see fit, and should have the opportunities awarded to every other investor and fund manager. We don't need any further regulations meant to "protect us". We all know that's just a [REDACTED] excuse.
Stay out of my Life. I don't need you telling me where to invest my money.