Daniel Doohan Comment On Regulatory Notice 22-08
This is a way for regular people to make extraordinary money. We know the risk when we buy and sell . This hurts people more than helps.
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This is a way for regular people to make extraordinary money. We know the risk when we buy and sell . This hurts people more than helps.
leveraged ETFs are important part of my overall long term investment strategy - which should be readily available to all of the public.
I should be able to choose the public investments that are right for me and my family. And, not have FED REGULATORS decide what I can Buy or Sell.
The Financial Markets are supposed to be an open Market Place, but the Big Financial Boys cannot beat the levered etf's. This is the Real reason for their shut down of levered erf's. Pretty sad, but this is the FED at it's best!
I believe Public investments should be available to all of the public, not just the privileged.
Leveraged and inverse funds are the only way I am able to hedge my portfolio. Please don't make it more difficult.
Dear Sirs and Madams, I urge you to NOT implement the new FINRA Regulatory Notice #22-08. It is unnecessary and creates a barrier to investors who use certain leveraged funds as part of their diversified portfolios. Creating barriers to investors for the use of certain investment tools further stacks the deck against the smaller investors in yet another way compared to wealthier investors, who don't face such impediments. Leveling the playing field and being "fair" means allowing everyone the same opportunities to invest.
This rule limits our freedom to invest. My uncle died in action in WWII fighting for this freedom.
I have a very diverse portfolio which includes a fund having some leveraged and inverse funds in it, but I do not manage the fund. However it has done well foe me even though it is quite volatile.. The amount invested in this fund may make up 2-3% of my total portfolio. I certainly see no reason why I should be denied access to such a fund. Please do not try to regulate what a person can and cannot invest in. Thank you from a "small guy".
I am very much against restrictions proposed in this regulatory notice. While the risk of financial loss when investing in these products is high, so is the opportunity for significant profits. Government should not control how I invest my money or make me run through multiple hoops to invest. Please do not implement the proposed rules.
I am fully aware of the behavior of leveraged funds and use them according to my own risks and not of the opinion from FINRA.
Leveraged ETF's provide a vehicle to trade momentum and volatility. Retail investors who don't have massive amounts of money like a hedge fund or other institutions would be at a disadvantage if required to pass a test or go through cooling off periods.
Placing restrictions would go against the very principle of capitalism that everybody should have access to the same investment opportunities regardless of their net worth. At the end of the day, investors are responsible for their choices and should be able to put their money wherever they see fit.