Benjamin Boyd Comment On Regulatory Notice 22-08
I appreciate having the flexibility to take on the risk for the potential upside these funds offer.
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I appreciate having the flexibility to take on the risk for the potential upside these funds offer.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
Financial instruments in America should not be concentrated amongst only the wealthiest. Expand Fin Education and allow all persons to choose their invesments.
The investor not regulators 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.
Investor like me shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am
capable of understanding leveraged and inverse funds
and their risks. I do not need these measures imposed on me.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I have invested for several years using leveraged and inverse ETF's as part of a hedging strategy. I would like and expect to continue to have these as strategies open for public investment.
The adoption of limiting my ability to trade leveraged ETF's such as provided by Proshares will drive me to find a brokerage that does not belong to FIRNA. Alternatively it will result in my removal of all funds from FIRNA regulated brokerages. I can't say with enough weight this effort to limit my investing options to increase the brokerage profit has severely degraded my trust in FIRNA regulated brokerages. Placing restrictions based on some TBD suitability test degrades my trust even more.
I use my leveraged funds to hedge various positions. they are useful for reducing the amount of funds necessary for taking a position.
I feel your rules may limit my access to these useful tools.
My brokerage houses provide extensive information and they outline the risks and of these products.
Robert Pallaron
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
Comments: Anybody ever hear of free market anymore? Don't restrict my access to Leveraged and inverse funds. They play an important role in hedging my risk from time to time. Leave things alone please. thomas clark