Wallace Tolbert Comment On Regulatory Notice 22-08
Hi,
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I am against regulators to decide my investment options. There should be no regulations or restrictions for me to invest in any public investment. To have a balanced portfolio, leveraged and inverse funds are necessary in volatile markets.
It poses a severe threat towards market fairness. Retail traders or investors, like myself, should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are and how they work. Also, the liquidity will be severely affected if passed.
Almost all of investors are already well aware of the meaing of investing in leverged or inversed efts and no one can or should limit the personal choice for investing with their own money and assets I totally oppose for the FINRA regulatory notice
Leveraged ETF's like QQQ Proshares or Inverse ETF's can significantly enhance returns and consolidate effort, like any fund. Why would FINRA or any gov't agency assume we as investors are too dumb to understand the risks/ benefit analysis?
In response to info that my PERO leveraged and reverse funds are going to be dis-allowed, I have submitted my objection to them at your sugestion, THANKS Dale Reed a client of Fidelity.
Almost all of investors are already well aware of the meaing of investing in leverged or inversed efts and no one can or should limit the personal choice for investing with their own money and assets I totally oppose for the FINRA regulatory notice
I have been investing in TQQQ, a Proshares investment tool for over a year and have made a lot of money with it. It has an element of risk to it. I understand the core of how it is invested. I know that it is designed for profits on a daily basis. I am not a day trader but the platform clearly follows a pattern of the NASDAQ, and is predictable. With the Fidelity platform it is easy to get in and out. The risks may not be for everyone and I would not think some people should be in it. but it has worked for me so far.
I like to invest, and I have experience
I would like to continue investing in leveraged ETFs. I feel I am acting in my familys best interest. Thank you.