Yoonik Kim Comment On Regulatory Notice 22-08
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
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I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I have invested for several years using leveraged and inverse ETF's as part of a hedging strategy. I would like and expect to continue to have these as strategies open for public investment.
The adoption of limiting my ability to trade leveraged ETF's such as provided by Proshares will drive me to find a brokerage that does not belong to FIRNA. Alternatively it will result in my removal of all funds from FIRNA regulated brokerages. I can't say with enough weight this effort to limit my investing options to increase the brokerage profit has severely degraded my trust in FIRNA regulated brokerages. Placing restrictions based on some TBD suitability test degrades my trust even more.
I use my leveraged funds to hedge various positions. they are useful for reducing the amount of funds necessary for taking a position.
I feel your rules may limit my access to these useful tools.
My brokerage houses provide extensive information and they outline the risks and of these products.
Robert Pallaron
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
Comments: Anybody ever hear of free market anymore? Don't restrict my access to Leveraged and inverse funds. They play an important role in hedging my risk from time to time. Leave things alone please. thomas clark
I have a strong understanding of Leveraged and Inverse ETFs: Three keys to ongoing successful use: Short term trades only Position appropriately sized. Continuous monitoring of position. My contention is we do not need additional government regulation / guidance as it relates to these products. I do not have any financial interest other than being able to use these products as I consider appropriate in managing our investments.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I used leveraged funds as a very small part of my investment portfolio. I understand the risk associated with them, have talked with financial advisors and explored the risk on my own and use it as part of a diversified approach. I do not need government or regulatory oversite to make a financial decision. Public options should be available to the public, not just those who a select group can deem worthy enough or smart enough (that is a slippery slope) to have access.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST