George Lea Comment On Regulatory Notice 22-08
Public investments should be available to all of the public not just the privileged
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Public investments should be available to all of the public not just the privileged
I and not regulators should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged. America is still free and the land of opportunity,right!?!?!
I feel that I am well aware of the particular risks and benefits that are involved in leveraged and inverse funds. In view of the ever changing policies of the Federal Reserve regarding interest rates and so-called "tightening" of their monetary strategies, I find it imperative that I have the flexibility to invest defensively. Leveraged and inverse funds allow me to have the discretion to invest accordingly -- i.e. hedge my portfolio in order to seek enhanced returns. I have been involved in investing both professionally, and personally, for close to forty years.
Those of us who lost everything when the large investors were able to cause the price of TVIX to drop over 90% "after hours", which should not have been possible, is likely the cause of this regulatory notice. This was clear manipulation and someone should have to pay. It is they who need better regulation oversight, not the small investor. We still need these types of investments to recoup our losses. Please do not keep us from using these funds. Find a way to prevent large overnight drops.
This is disgusting!! once again, you limit the options for the average american and give even more advantage to the rich in the stockmarket! Obviously, your motive is to prevent declines in stock prices,90% of which are owned by the top 10% of the population. Leveraged and inverse funds are easier to trade and safer than options and futures. The rich don't need any more advantages than they already have. Quit oppressing the middle class! We don't need any new regulations!
I can understand the goal of protecting novice investors from complex investment tools they lack the sophistication to understand; however, requiring vendors to supply documents to educate the investment community and requiring users to sign off on having reviewed those documents should be the limit of any requirements. Restricting access based upon net worth is absurd.
I have the right to buy Any funds Even it is high risk
The leverage of some of these funds is strong and they enable hedging portfolios without triggering large long-term capital gains , thereby adding stability to the markets.
We should be able to choose our investments if they are public without any constraints or additional approvals. Those who are interested in investing in these funds understand the risk and should be able to do so.
We do not want any additional measures imposed on us!
I use These investment types to improve my performance and as protection at times. It is clear that the whole portfolio would not be invested in these type of vehicles.
Thanks for taking into consideration.
Stop this non sense. Do not regulate leverage ETFs