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Charles McManus Comment On Regulatory Notice 22-08

I am a simple accountant from Long Island, NY. I have been investing in inverse ETF's for 13 years. In 2009 I left a low paying job as a tax auditor for the Pennsylvania Department of Revenue. They cashed out my accrued pension benefits, which were worth $6,500. I deposited this money into a traditional IRA rollover account with a broker in February 2009. I invested 20% of the proceeds in a Proshares leveraged long index structured product and 80% in a Vanguard index fund.

Nathan Brown Comment On Regulatory Notice 22-08

This regulatory notice goes against everything that the United States is founded upon. Freedom to pursue life, liberty, and pursuit of happiness as long as its no danger to others. What investment fund I choose to place my own hard working money in is my own choice. Even If I lose my money, it was my own adult autonomous decision I made to do so, no regulatory body should be able to restrict me from doing so.

Kathleen Spangehl Comment On Regulatory Notice 22-08

The use of inverse and leveraged funds is an important instrument allowing me to be able to keep the majority of my portfolio goals long term. They support my returns during volatility and many times have greatly enhanced my returns over a short period of time. I use them sparingly, yet they ARE VERY IMPORTANT in my strategies. Buyer beware is in every aspect of our lives, those who get burned, or follow memes perhaps should be encouraged to leave the market rather than be protected at the expense of those who responsibly invest.