Paul Petrillo Comment On Regulatory Notice 22-08
It is one thing to regulate the investments invested in, but another to restrict or prohibit the investments. Please dont hinder our free markets
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It is one thing to regulate the investments invested in, but another to restrict or prohibit the investments. Please dont hinder our free markets
No, please dont over regulate the leveraged ETF. Its an important part of my portfolio.
First of all, no one can prevent a fool from squandering his/her money. You may block a few ways, but he/she will find another way to lose it.
By restricting investments, you prevent people the opportunity to grow their wealth on their own and force them to go to mutual fund managers who charge exorbitant fees.
In taxable accounts, I can trade options that allow to make money in bull markets, bear markets and sideways markets.
Comments:
Leveraged and Inverse funds provide me with a unique capability to both hedge market risks and provide a balanced portfolio. As an individual investor, I understand the risks associated with these and other products.
The market is currently stacked against a small investor because the entry is regulated by experience and wealth (not behavior). For example, the day trade rule takes a small account investor and takes away trading flexibility that they get with a bigger account. Leveraged funds (properly used) help offset this.
I strongly oppose it. It's my decision to take the risk or not.
I am not in favor of increased regulation
I should not regulators 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.
Offer education on inverse and lev. Funds. You will have done your job without oversteping.
I use leveraged and inverse funds to hedge my investments as well as in order to seek better returns. They are a limited portion of my portfolio. I have read all the appropriate documents related to their risks and I have accepted such risk in a responsible manner. Any regulation on such funds would negatively affect me by restricting my investment opportunities and options. Such opportunities should be available to all of the public, not just the privileged.
I have invested many years and money to learn about short term and leverage investing. Please at the very least, people who are already investing this way should have the opportunity to be grandfathered in if this great way of investing is to be taking away. My models are based on this form of investing. Overall, the market looks bullish for the first two weeks of May 2022.
Let us keep our right to invest.