Mike Kerr Comment On Regulatory Notice 22-08
This is absurd, these funds are less leveraged than options and futures!
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This is absurd, these funds are less leveraged than options and futures!
I believe that inverse funds are necessary to effectively manage my portfolio. As an individual investor it can be very challenging to hedge against market volatility and large draw-downs in the market. Inside retirement accounts, I have very few tools to hedge my portfolio, shorting and options are generally not allowed. That leaves buying of inverse ETFs as one of the few options to provide some hedging protection for my long positions.
I oppose ANY regulation limiting my choice to invest in any product or service of my choice.
We 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.
We shouldn't have to go through any special process
like passing a test before we can invest in public securities,
like leveraged and inverse funds. I and others are
capable of understanding leveraged and inverse funds helping me protect (hedge) my investments and their risks.
I have worked hard to make money and have found inverse products to be a great way to protect my investments over the years as well as a great way to make return and to protect my investments. Please dont take this great product away for just average older investors
I want the freedom to use investment vehicles I deem appropriate for my risk tolerance. leverage seems to be a problem for the large institutional investor. Individuals like myself use leverage at a much lower exposure. Regulate the institutional investor not the individual.
It is with utmost concern that I am reading this proposed rule change to limit retail investors like myself from trading leveraged ETF's. Trading these has been an incredible tool to enhance my portfolio. To "protect retail investors from the potential risk associated with ETF's" is just a cynical attempt by the FINRA industry to force retail investors back under their control. I completely reject this proposal.
Government over regulation at its worst . Free markets also mean free to invest In them.
At least you should wait for the stocks to hit all time high (that will happen eventually) before you force people to sell their leveraged investments.
Otherwise you force selling at loss.
I am writing to voice my opposition to the proposed regulations limiting my ability to invest in leveraged and inverse funds. I believe I am the perfect example of someone who will be hurt from the proposed regulations. I have an education in business and finance and experience in the field. I did not grow up in a wealthy family and have worked hard to earn a small amount to trade and invest. It is only in the past year or so that I have had the ability to trade and invest seriously. I am growing my account in large part due to trading the types of funds that will be regulated.
Let me decide how to invest !!