Sarah Greer Comment On Regulatory Notice 22-08
There is no need for regulators to be controlling how individuals invest their money. This is a gross overreach and (as most of these type policies do) favor the super wealthy.
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There is no need for regulators to be controlling how individuals invest their money. This is a gross overreach and (as most of these type policies do) favor the super wealthy.
I, 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 privileged.
I should not 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.
Leveraged and inverse funds are important to my investment strategies.
Hence, I do not want these measures imposed on me.
DO NOT RESTRICT OR OTHERWISE HINDER MY ACCESS TO LEVERAGED AND INVERSE ETFs.
I should be able to freely choose my risk tolerance as well as methods of hedging my risks and enhancing my returns. I should not be required to go through any special process to use leveraged or inverse funds. They are valuable tools in my toolbox to adjust my risk based on market conditions and portfolio.
Any test of specialized knowledge should be dependent on the specific investments being considered. The degree of investor awareness required to invest in a leveraged S&P 500 2X fund is suitable for many investors who are aware basically of the risks and have been informed of the proportion of net worth they could / should invest.
I have been investing and managing my own funds in the stock market for over 20 years. I want to maintain the ability to freely invest my portfolio in any US or foreign security, included leverage funds, without arbitrary restrictions. I, like most investors, understand the elevated risk with leverage funds. However, leverage funds serve their purpose when used sporadically and carefully. I, like most investors, dont want to lose that flexibility.
I oppose having restrictions placed on my right to invest in whatever public investments that I may choose.
I do not want to have any special process, like passing an exam/test, before I can invest in any funds. I believe it is my right to choose without these processes. I have been investing in leveraged and inverse funds for many years now and have been throught the good and bad that these funds generate. I do not want regulators imposing restrictions on me now.
Inverse ETF's are the only way I can manage stock risks. Don't take this option away
Leveraged funds are crucial to one of my investment strategies which I pair with options. Limiting their use will devastate my strategy while adding testing, high net worth and/or special brokerage approval requirements will adversely hurt the options market in these products.
Please retain ability to invest in these Inverse and Leveraged funds. Per earlier notes, there is enough knowledge and background to invest in these responsibly. And I will be happy to undertake any evaluation, screening to demonstrate knwoeldge and understanding around these instruments
Investors should be able to utilize leveraged and inverse ETFs as they see fit. It should not fall on regulators to limit what I can invest in as long as the risks/merits of the investments are easily visible which they are on the Prospectus.