James Gondeck Comment On Regulatory Notice 22-08
There is no logical rationale to start regulating leveraged ETF's. Trade at your own risk.
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There is no logical rationale to start regulating leveraged ETF's. Trade at your own risk.
leverage etf is an important tool for trading. I strongly against restriction on that.
Every investor should have access to these funds!
High net worth requirements are a horrible restriction to place on leveraged securities. A regulator imposed test , and attesting to reading certain materials is fine because anyone has the capabilities to do this, many individuals have been investing their entire lives and have a plethora of knowledge and would not be able to meet this high net worth requirement. Leverage and inverse securities do pose higher risk but so do options and short positions, why should leveraged and inverse have a high net worth requirement when these other risky investments do not?
I WOULD THE OPPORTUNITY TO BUY/SELL THE INVERSE FUNDS. I USUALLY DO NOT DO THIS OFTEN BUT WOULD TRY ONCE EVERY NOW AND THEN. IF I DO NOT HAVE THE OPTION, THEN I WOULD DEFINITELY LOOSE THE CHANCE TO INVEST THE WAY I WOULD THINK IS BETTER FOR SHORT TIME INVESTMENT.
not regulators: trading the public investments freely are the right for everybody. Public investments should be available to all of the public, not just the privileged. Trading regulation is depriving of people's right and freedom.
My feeling is that leveraged and inverse securities are very risky but the disclosures of risks are currently adequate. My broker requires a permission to trade them and only gives permission after risk disclosures are made. At some point, individual responsibility should be the focus. When used properly,,leveraged and inverse securities are very useful investment strategies and I would not favor additional restrictions imposed on their use. In fact, they are much more cost-effective than other methods of hedging for some strategies.
I, not regulators - should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. [REDACTED] NO!!! STAY AWAY FROM MY MONEY!!
Once again regulators believe we are too dumb to use necessary products in which to grow our worth. Please provide data that confirms your belief that the products we use are too "Complex". I believe that Cryptos, legal gambling and other forms of memes and schemes pose a far greater threat than established inverse and leveraged funds. What are you doing about those?
Regulators let stocks fly to the moon and then wish to take away our individual ability to profit from their downfall. And they ARE going down. You all are shameful.
I believe individuals should be free to invest their money freely, without undo regulation. I'm fine with my brokerage having me acknowledge that I understand I'm taking on some additional risk with leveraged and inverse funds. Beyond that, I should be free to invest in these publicly traded funds. For me, this is keeping me away from Options trading and associated complexities, while still be able to accomplish similar goals. Please do not add any further restrictions.