Mehrdad Ketabchi Comment On Regulatory Notice 22-08
Leveraged ETFs (long and short) are important tools for hedging positions. Eliminating or restricting them will hinder the ability to effectively hedge positions.
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Leveraged ETFs (long and short) are important tools for hedging positions. Eliminating or restricting them will hinder the ability to effectively hedge positions.
Please do not limit my ability to make my own trading and investing decisions. I am a grown adult and able to make decisions for myself.
I am a highly educated adult with decades of trading and investing experience including venture capital and angel investing. Don't pretend that your regulations are protecting me. I fully understand the risks and am prepared for potential loss. Get out of my hair and let me go make money. The leveraged investment vehicles happen to be working incredibly well for me. Freedom America, not leave me be.
Greetings,
I have been using inverse and leverage funds for years as a way to MITIGATE risk in my portfolio. They have proven time and again to be great vehicles for preserving wealth and capital in times of uncertainty. During the COVID crash, Inverse funds allowed me to hedge my portfolio quickly and easily and preserve most of my capital while the "buy and hold" crowd lost 30% of their portfolio in a matter of weeks.
I strongly oppose the proposed rule changes that would restrict or even block access of certain investments including leveraged and inversed funds.
I am not sure what the concern is with respect to these type of investments. I appreciate that they exist so I can take a bet that values will fall (inverse funds) and take a leveraged bet so as not to tie up too much of my money with the bet or hedge as the case may be. I believe the disclosures are adequate. I appreciate that you might be well intentioned with this approach, but I wonder how long it will be until you start restricting my ability to drink alcohol or sweet drinks, etc. in an effort to protect me from myself.
I do not agree with the proposed changes to leveraged and inverse ETF funds. These are required in my portfolio to help balance out market volatility.
Further restrictions may not serve in anyones interest.
Please do not proceed any further.
Typical Government - Trying to take MY RIGHTS AWAY!!!
I should be the one to determine what investments are right for me and my family. The privileged should not be the only ones that can make public investments.
I really don't appreciate when a governing body thinks it knows more then I do, especially in matters of finances when you all can't e-v-e-n keep your own house debt free.
So your regulation on leveraged funds - what do YOU Actually know about it, hmmm.
Do YOU invest??
If you did, you would NOT be making such stupid assumptions about the rest of us who make a conscious CHOICE when we invest in these products.
Go back to school - and stay there - don't come out into the real world - you and your regs do NOT belong here.