Vance Regan Comment On Regulatory Notice 22-08
Please make no changes in the regulations involving leveraged and inverse funds. I for one know the risks and need no help in determining the suitability of an investment vehicle for my portfolio.
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Please make no changes in the regulations involving leveraged and inverse funds. I for one know the risks and need no help in determining the suitability of an investment vehicle for my portfolio.
I have been responsibly investing for years with a complex and diverse portfolio that I base on my own personal risk tolerance. At times, this means I may include products like leveraged or inverse leveraged funds in my portfolio, as they can be effective tools to gain exposure to certain sectors, or conversely to hedge against a downturn in a sector. Of course, as with any investment decision or change in my personal finances, I conduct thorough research and ensure an investment into one of these types of funds is aligned with my personal goals before acting.
Enough already!
We are not children who need your guidance.
Its our money - spend your efforts going after real fraud and leave our investment options to us.
I am an adult of an intelligent age and like all things one is able to do when they are of age, choosing my own investments, employing strategies, and, fully understanding and accepting the risks of a diverse spectrum of offerings, I need the regulators to stay out of my private life.
Our governing bodies should look inward and address their own serious problems. Of the people, By the people, For the peoplePlease acknowledge. WE ARE THE PEOPLE!
I am vehemently opposed to FINRA trying to impose restrictions on my ability to invest in public investments. As an experienced trader, this type of nanny state is absolutely unnecesary and completely and thoroughly at odds with our capitalist system. We all have the responsibilties and rights to learn about investments and to be able to invest unfettered in publicly traded products. Creating regulations like passing a test is a ridiculous attempt to control the free market. I am very imposed to these new regulatory ideas. Thank you.
I am an accredited investor, and I am asking you to reconsider restrictions on leveraged funds. My investing expenses would dramatically increase due to destruction of liquidity. I can move to options or other products but again they are more expensive. The proposed change increases investing costs for anyone making sensible portfolio choices. Leveraged funds are a powerful tool when properly used as a part of a larger investing strategy. If investor education is felt to be inadequate, provide education by making the contents of the form prospectus painfully obvious.
I strongly oppose restrictions to my right to invest and not the regulators to tell me what t do with my investments. Public investments show be what they are supposed to be : PUBLIC without going through any special process to invest in public securities. I don't need any permission what securities to buy
I trade the leveraged funds, like I would trade options trading. I am allowed to do that, then why not this. Also if I am not allowed to buy, what will I do with all my holdings which amount to more than 1000,000 USD when I will not be able to sell them either. This is not legal. You will need to put these regulations in place only after giving enough notice for unwinding my positions. This will cause a major market shift and a complete distrust in open markets. I am completely opposed to this regulation.
Leveraged funds are a stalwart of my investment strategy. If these are no longer available I will lose my ability to invest. These give a means for the small investor to have the ability to make income when the market is in a bear position. They also give a non-positioned way to income off a bull position as these are non-specific ways to invest in a diverse market. They simply follow they S&P or DOW index in a positive or negative way. They are leveraged for a way to get in and out in a short term to make profit. If these are gone, I will be liquidating everything.
Limiting access to leveraged and inverse leverage ETFs based on the criteria mentioned by FINRA is another move to suppress low and middle income investors to a path to generate significant wealth. The current securities market has been very volatile across the spectrum of investors from retail to institutional. All securities from small cap to mega cap entail risk that investors need to understand. If a test of understanding is required for leveraged products then there should be a test for investing across the range of investment products.