James Jacobbi Comment On Regulatory Notice 22-08
I spend full time studying leveraged ETFs. There are part of my investment strategies. The work better for me than options. There is no expiration as options have making selling at the ideal time.
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I spend full time studying leveraged ETFs. There are part of my investment strategies. The work better for me than options. There is no expiration as options have making selling at the ideal time.
I have been trading and investing using leveraged ETFs for over a decade. I use them responsibly, and I am fully aware of the risks involved.
I can understand that some amount of regulation may be necessary, I do not think banning leveraged ETFs is warranted.
I oppose restricting the publics access to leveraged ETFs.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST!!!
Individual investors should have access to all public investment vehicles without regulators dictating which are appropriate/inappropriate. Rather, regulations should focus on transparency and full disclosure of the strategies employed by fund managers and most of these regulations already exist. Rather than rely on regulatory intervention, individual investors should accept responsibility for their own failures to educate themselves on risks and conduct due diligence prior to investing.
Having been an investor in Inverse and Leveraged funds over the last several years, I am strongly opposed to any governmental restrictions on my freedom and right to invest in these public investment securities. Like Cigarettes', requiring the current warning labels is as far as the government should go to warn the public about the risks involved.
I oppose any additional regulations that limits or additional proof
of my ability to manage my investments of to purchase leveraged funds
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
1.I am senior investor,I have more than thirty years investment experience. I understanding leveraged and inverse funds
and their risks. So I dont need go through any special process like passing a test before I can invest in public securities
2.I have the right to choose public investment
3. Leveraged and inverse funds are important to my investment strategies. I use leverage and inverse funds, they help me protect my investments and I use them as a limited part of my overall portfolio.
Every investment carries a level of risk. While leveraged and inverse ETPs might not be well known to most retail traders, those who know about these products tend to understand how they work and how to use them. Prohibiting adults from purchasing a leveraged index fund when there are people losing money on riskier assets like cryptocurrencies and non-fungible tokens is ridiculous.
Brokers already have hoops to jump through to get into these investments. These investment vehicles should be made available to everyone and not just privileged people. I already understand the dangers of buying leveraged products, and I should have the right to invest in the products that I want to. If access to these products were to change, they would absolutely adversely affect my portfolio in non-recoverable ways. Please stop regulating the retail investor and only providing these products to privileged institutions.
oppose limitations on invested investments!
I am capable of making my own decisions to invest in whatever products for my own well-being. FINRA has no right to impose any restrictions on my investment choices.