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Harold Levkowitz Comment On Regulatory Notice 22-08

Dear Sirs- I have been successfully using leveraged ETF's that follow a multiple of either the S&P500, The Dow, and the NASDQ to bolster my investment portfolio, together with bell shaped conservative funds, using a diversified mix of funds. I am an aggressive investor. I have had success with a 10 or 15% mix of 2x and 3x bull market etf's. I have found the S&P500 and Nasdaq bull ETF's to be the most marketable, and have the lowest service fees.

Jeffrey Brumitt Comment On Regulatory Notice 22-08

This is my money and I should able to choose my own investments. Inverse and leveraged funds are a strategy to combat the hedge funds and institutional money - both are market manipulators. Try regulating them. And, try regulating Congress - they abuse the system and make investments off inside information but no regulations there. So, let's just regulate the common people, of course. Just another example of let's regulate everybody but where the problem lies.

Grant Holloschutz Comment On Regulatory Notice 22-08

I do not feel that I should have to go through hoops to make investments that I feel I am comfortable making. The government doesn't regulate my selection of houses I could buy (an investment in a volatile market), so I should not be restricted on my investment selection within the stock market. While I am Series 7 licensed, I still think it is excessive for anybody to have to take what is ultimately a competency test in order to invest. Sounds similar to the competency tests certain people were required to take in order to be able to vote many decades ago.