McPhetridge Roger Comment On Regulatory Notice 22-08
It is my right to succeed or fail by my own decisions , not based on government control. The American government is to big and uncontrollable. State sponsored leadership.
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It is my right to succeed or fail by my own decisions , not based on government control. The American government is to big and uncontrollable. State sponsored leadership.
I believe this proposed regulation is unnecessary and an overreach. I fully understand the risks associated with leveraged and inverse ETFs and don't believe I should have to take any "tests" to prove that I understand what I am doing. I use them as part of my overall investment strategy to manage my risks and/or enhance my returns. These types of investments are only a limited part of my total investment picture as I understand the nature of having a diversified portfolio. Thank-you !
I want to be able to invest where I want to go please this is a right not a privilege to invest in what I want I worked hard and the money is mine there I should say where it goes
Public investments should be available to all public Thank you
Limiting investment options is clipping the wings of the myself, an average investor, and many others, allowing those who are already the elite to profit off of a public market that was designed for the benefit of everyone. Leveraged and inverse funds allow every day investors such as myself to take calculated risk based on their investment plan.
If you feel these types of investments are not good for the public, then they should be illegal and not offered to anyone. If they are legal and allowed, then anyone should be allowed to invest in them. I am not opposed to regulation, I believe in it, but not at the benefit to some and the restriction to others. Either allow anyone to invest in them or take them off the market. Period.
I am against the restriction limiting investment in leveraged and inverse funds. Education of risks of investing in these instruments is needed, but not the ability to buy/ sell these instruments. Limiting the securities could potentially have the unintended consequence of reducing liquidity leading to distorted pricing and adding to volatility.
Please reconsider your position. Thank you.
It poses a severe threat towards market fairness. It's like locking people in home because of Flu. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are. Also, the liquidity will be severely affected if passed.
The government has no place in regulating when and how Americans decide to invest our own money. We understand the risks and it is in insult to every American that the government thinks that they know what is best for us. Keep your government over reach out of my finances and freedom to live the life that is best for me and my family.
Comments: I purchased $80,000 of FAS in a client account prior to Wells banning it in 2008. We did not trade the position and recently sold it for $1,000,000. The position was paid for in full and not leverage. It beat holding individual bank stocks, by triple. Leveraged funds if used conservatively fulfill a need. Keep them.