William Kelm Comment On Regulatory Notice 22-08
Do not limit my ability to invest in leveraged funds. They are an important tool I use to manage my investment risk.
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Do not limit my ability to invest in leveraged funds. They are an important tool I use to manage my investment risk.
Direxion put out a request for investors in their products to comment on this proposed action. I figure it would be better to avoid going through their portal. The consensus seems to be that the proposed action, in its details, would ban most investors from purchasing inverse and leveraged funds. These comments apply to exchange traded inverse and leveraged funds, and not similar products that may be illiquid or have redemption restrictions.
While I am not against some basic check of investor knowledge of leveraged funds (similar to what is commonly required to use options), access to these funds should not be restricted for retail investors.
There are several reasonable use cases for leveraged funds, and retail investors should have ready access to them, just as professional money managers are able to employ leveraged systems.
I oppose any further government regulation on our abiltiy to invest. More red tape and regulations mean higher costs and lower potential returns.
Restricting investors ability to invest as they seem fit is NOT a proper way to do business. Leave things as they are.
Investors should have the autonomy invest in whichever assets they like. Inverse leveraged funds are a beneficial investment strategy during periods when the Federal Reserve raises interest rates. It is blasphemy that investors would be limited from investing in this type of asset.
Dear FINRA,
Please allow retail investors to continue investing in leverage and inverse ETFs. I understand the risks however they also allow me to hedge against uncertainties in the market. I think retail investors should have the same advantages as the market makers. Thank you for talking the time to read my comment.
I oppose any and all of the proposed regulations.
I should be allowed to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged, elite. Keep the government and the "nanny state" out of my affairs! I don't need your so-called protection! I am perfectly capable of making up my own mind about my private investments and affairs. I understand the risks involved in more highly-leveraged investment products! Now, go take care of some real problems [REDACTED] and stay out of the private citizens' business!
This would only cause the gap between the haves and the have nots to widen even further!