Bill Leach Comment On Regulatory Notice 22-08
Leveraged and inverse funds are important to my investment strategies.
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Leveraged and inverse funds are important to my investment strategies.
I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. Like any normal thinking person, I am capable of understanding what leveraged and inverse funds can do as well as their risks. I do not need your restrictive limitations imposed on me.
I not you regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged few who can buy your votes with spare pocket change.
I am 80 years old and retired last Friday, living on Social Security and investment income. I do not want government regulators to say what I can and cannot invest in. The two inverse leveraged ETF positions I currently hold in my IRA are up 4.14% and 15.15% since purchase. The one inverse leveraged ETF position I have in my brokerage account is up 41.78% since purchase. In this down market, my entire 401K is invested a MetLife Stable Value Fund which is up 0.52% YTD. So, please do not tell me I do not know what I'm doing and please do not limit my freedom to invest.
I strongly oppose restrictions to my right to invest in any public investment, especially the leveraged index funds, that are particularly right and most suitable for me.
I am a retired Ph.D. Physicist who are good in math and has accumulated more than 40 years of experience in managing my own funds.
Good afternoon.
As an individual investor and low wealth individual I believe that I should determine which investments are right for me. Leveraged and inverse funds are important to my investment strategies. Public investments should be available to all of the public, not just the privileged.
Comments: It is unconscionable to restrict the free buying and selling of leveraged etf's. This would be tantamount to restrictions on buying and selling options which you don't do. I will not be able to freely sell these securities if I am restricted from buying them. That will shake my confidence in the market completely and it would be the same for millions of investors.
Please dont mess with the leveraged ETFs. They are an important part of my investment platform.
I am an experienced investor who is aware of how ETFs and inverse type funds work. Like any other investment there is due diligence and risk, which I accept. I dont think FINRA should over reach and and limit availability and access to these instruments. Instead, they should focus more in investor education, especially to younger generations that are crafting their investment strategies, and not focus on closing access to these instruments.
Hello - I am contacting you regarding recent communication I have received from my broker that may restrict my ability to invest in leveraged and other higher risk assets. I have spent the last two years studying these securities and understand them very well. I use well thought out risk management and diversity to ensure I would never lose a large sum of money in a major market move. For regulators to prevent me from investing as I wish is preventing someone like me with less capital than institutional investors to benefit from putting my hard earned money to work as I see fit.
We are adults and do not want others controlling our lives and money. Thank you.