Judd Kohut Comment On Regulatory Notice 22-08
It's unreasonable to tell people they cannot invest as they wish.
Period!!
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It's unreasonable to tell people they cannot invest as they wish.
Period!!
Equal access to products and services is central to a capitalist economy. Blocking investment vehicles to those on the inside furthers the perception that our financial system is rigged. Blocking a restriction access to these products will only encourage movement of funds offshore and possibly hiding them from regulators. For the sake of the industry and our nation, work to reduce regulations, not impose them.
I believe the limiiting of investment strategies would ultimately hurt retail investors.
Im against these regulations that hurts the ability to freely invest in all kinds of ETFs
I would actually prefer to see increased availability of leveraged and inverse funds. The leverage is comparable to having a margin account while using a cash account. The inverse works the same on shorting without a margin account. The funds hold the margin and manage the margin risks.
My "complication" is futures that move overnight while the funds are unavailable to trade. Could you increase the trading hours of these "derivatives" so to speak?
I use leveraged and inverse funds routinely and have done very well, so long as I hedge leveraged stock funds with leveraged bond funds. Having back-tested rules to guide the balancing is key. Please do not interfere with my attempts to improve my model.
I strongly oppose limitations on on my investments for Leveraged and Inverse Funds.
I should be able to make my own decisions when choosing the public investments for me and my family without the regulators' interference in any way, not to mention to go through any process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am totally capable of understanding the risks involved in those funds.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST 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. I'm capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.
Since inverse funds are obviously for hedging, limiting their use would make investing much riskier and more precarious for retail investors. I was able to avoid utter ruin during several market crashes by having leveraged inverse ETFs in my accounts as hedges. This is the only viable way to sufficiently hedge your portfolio if you are a retail investor.