Michael Valley Comment On Regulatory Notice 22-08
Let every investor decide their risk tolerance and allow for the general public to invest in leveraged funds.
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Let every investor decide their risk tolerance and allow for the general public to invest in leveraged funds.
I oppose restrictions on my right to invest in public investments. I strongly believe public investments should be available to all investors .
To price Americans out of investing instruments or to impose any measures that keep retail investors from accessing investment instruments is just about as un-American as it gets. Many investors, myself included, find leveraged and inverse ETFs as unique opportunities to obtain margin without needing a margin-enabled account or without taking on direct debt to invest in the stock market.
The FINRA is a private group working FOR the government and should not have this oversight. Anyways. I should be allowed to invest in leveraged products (inverse or otherwise) and explode my own account if I want to. There's nobody to blame but my self if I make a stupid [REDACTED] investment and get nuked.
I have been investing for quite some time and several years ago started looking into leveraged/inverse funds. I feel it is a better way to diversify my portfolio. Putting regulations on investing in them would only hurt people who use them in a way to do just that. I wish I would have learned about them much earlier in my life. I do not feel regulators should limit the right to invest in these types of investments based on demonstrating high net worth. Investments should be available to all and not just the super rich.
I believe public investments tools should be available to all of the public, The fund company follows SEC regulation to offer the prospectus of the fund to investors and investors evaluates own risk tolerance to make decision.
Please do not restrict common investor's ability to invest in leveraged public investments. As individual investors, having access to those leveraged products provides us with a much better environment for risk management and long term investment.
I oppose any restrictions in any manner to my right to invest in any inverse or leveraged fund. It is my responsibility and right to choose the investments that are appropriate for myself and my family.
I have successfully used inverse funds as a hedge in volatile markets. For me, these are one of the valuable investment tools that I use to moderate risk.
Please do not impose any special process or cooling off period as barriers to our right to choose what our investments are and when we want to make them.
Comments:The wide use of leveraged ETF offer me the complexity of investment features not found anywhere else. i have the broad knowledge and financial understanding of how these investments work and have utilized them for decades to benefit both me and the clients i serve in my investment management practice. I ask that new rules not be implimented, doing so will not dissuade an investor from using these products.