Cheng Tsai Comment On Regulatory Notice 22-08
I oppose this change, I have sufficient knowledge and trading leveraged ETF like tqqq or SOXL.
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I oppose this change, I have sufficient knowledge and trading leveraged ETF like tqqq or SOXL.
I oppose any restrictions to freely trade public securities as I believe it is a limitation on my freedom to choose how I want to invest my money and the choices I have. This is a free market enterprise and it should remain so in order that all including myself can and will continue to benefit in the short, medium and long-term. I hope our voices are heard before a decision is made, as otherwise it would be a slap in the face of Dem 'O Crazy.
Thank you
I oppose regulators limiting trades on inverse and leveraged etf's and stocks where the investors are fully aware of the risks. These options allow small retail investors the opportunity to compete with large banks and funds in a way that would otherwise not be possible helping to keep the playing field level. I primarily use these to hedge my long positions in volatile markets. It requires a smaller capital investment, thereby actually reducing potential loss to provide comfortable downside protection.
We should be able to choose the public
investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
We shouldn't have to go through any special process
like passing a test before you can invest in public securities, like leveraged and inverse funds.
I use leverage funds as small part of my portfolio, since I wont be able to invest enough in all the blue chip stocks that trade at higher per value and make a meaning full return on investment.
Get rid of them now. I have lost thousands of dollars due to contango. Then drastic reverse stock split.
Why is my right take away to invest in index leveraged, important sectors leveraged products ? I strongly oppose it , and dont want my access to be taken away
If that is the case the options should be restricted and closed to 85 % of general public too, bcoz they bring higher losses in portfolios .
investors should have ability to invest in leveraged etf as they wish
I use leveraged and inverse funds to protect investments or increase returns in a very limited amounts knowing that markets can quickly reverse.
Most of the time I don't invest if the market trends are reversing lower or I do invest when the market trend is increasing. I have learned that positions sizing is very important especially in volatile markets.
Public investments should be available to all of the public,
not just the privileged.
Thank you
This is not more risky than so many other securities that are available to the public. Someone can buy Tesla, which is arguably more than three time as risky as SPY, therefore a triple-leveraged index fund is not that much of a leap. Please do not restrict this investment type.
Dear FINRA regulators,
Though I don't work in the Finance industry, I work in Corporate Accounting, leveraged and inverse ETFs are part of my personal investment strategy. I do my own research, read as much of prospectuses as possible, and understand the risks I take before making trades. As a free American, I should be able to keep using leveraged and inverse ETFs like I always have been.