Kevin Penny Comment On Regulatory Notice 22-08
If this needs to be regulated, please do. There too much fraud and fast cats getting rich preying on unknowing investors already. Do what you know is right.
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If this needs to be regulated, please do. There too much fraud and fast cats getting rich preying on unknowing investors already. Do what you know is right.
I NEED leveraged and inverse funds
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 the privileged.
Leverage funds help me meet my financial goals.
I oppose restrictions on my rights to invest in public investments. As an investor, not regulators, I should be able to choose the public investments that are right for me. It is important to use the right strategy to protect my capitals and hedge. In addition, I assess and evaluate the risks of my investment choices, and I understand fully. So that I do not need these measures imposed on me. So please take my comments seriously and continue letting me to invest these type of investments of my choice. Thank You.
To whom it may concern,
Leveraged funds play an important role in my overall portfolio management program. I am fully aware of the volatility that these funds experience. I use this fluctuation to enhance my returns, although I rarely trade them. I usually just buy them and let time provide the returns.
I feel that investors are fully aware of their decisions and regulators should not question wisdom and/or knowledge of risk involved taken. Markets do have risks and should not be viewed as a casino. Real investors do know of risks involved.
As a small independent retail investor I find leveraged and inverse funds a valuable tool in hedging my investments. They enable me to ride out ups and downs of the market without having to sell, short, and/or rebuy securities in turbulent times. Such funds are an invaluable asset, and access to them should not be denied, or limited to high net worth, professionals.
I find the very premise that in the largest capital market system in the world, there are regulators that are attempting to not allow inverse or leveraged ETFs. To say this is disingenuous would be taking it easy. Lazy is another word. Brokers, and financial advisors exist for reason as does compliance departments. The reality is the average investor is not going to know how to short or buy futures effective, don't have the time to do so, and/or will wind up paying much larger fees by buying the futures/options or utilizing a margin account.
I agree that investor education is critical and that both high level and detailed materials should be made more available that explain these products in terms that the average investor can understand. I oppose putting hurtles in the way of investors who want to use these products. Net worth limitations would be especially egregious.
Please stop regulating everything and everyone. Thank you.