Brent Agnew Comment On Regulatory Notice 22-08
Please do not restrict my ability to buy leveraged or inverse products. This vehicles serve a useful and effective hedge in these times of higher inflationary pressure.
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Please do not restrict my ability to buy leveraged or inverse products. This vehicles serve a useful and effective hedge in these times of higher inflationary pressure.
Many retail traders looking to invest in leveraged funds do not simply find the options menu in their brokerage app. Leveraged funds offer retail investors an easy and hands free alternative to margin that does not come with constant rebalancing. The knowledge needed to understand leveraged funds are much less than understanding how they are achieved. In comparison to options, leveraged funds are simple. They rebalance and aim to roughly track some other funds returns.
Investing in & trading Proshares leveraged EFTs is a core component of my financial strategy. Please do not limit my ability to use this valuable investment vehicle.
I'm writing to express my opposition to restrictions inhibiting my ability to invest in public investments.
I'm an informed and experienced investor. I have gaind my knowledge through study and experience in the markets. I understand leveraged and inverse funds and the though of restrictions and the possibility of having to navigate a special process (test taking) is unacceptable. I should have the freedom to choose what I invest in and have the same access as privileged individuals and institutions.
I am strongly opposed to any additional regulations on inverse leveraged funds. The have given me aces to hedging strategies I otherwise might not have considered.
I STRONGLY OPPOSE RESTRICTION TO MY RIGHT TO INVEST.
I 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 PRIVILEDGE.
As a FREE individual and proud citizen of the United States of America, I DO NOT need more regulations imposed upon me, especially with how I choose to utilize my own money. I DO NOT want to have my opportunity to invest in certain trades such as leveraged or inverse funds to be taken away an/or heavily regulated because it will only damage the "little guys" such as myseld, but will still benefit the larger players such as affluent investors/ companies.
I fully understand the risks of leveraged and index funds and object to the govt overreach of requiring a test to be able to trade these funds.
Exactly what do you consider high net worth. Will they only be available to the privileged rich. This should be available to all of the public.
It is up to me not the government if I want to invest in leverage securities. I have investments in both leveraged and non-leveraged. I do not need to take a test to decide to do this. Anyone that looks at a funds daily history should easily see they are more volatile than non-leveraged. If they need a test to determine this, then they should not be handling their own investments.