Paul Spink Comment On Regulatory Notice 22-08
It is my hard earned money and I have a right to use it or invest it as I see fit, and not some unelected board.
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It is my hard earned money and I have a right to use it or invest it as I see fit, and not some unelected board.
At a time when the value of a dollar is being diluted daily, removing a key hedge used to preserve wealth and worse, limiting its use to high net worth individuals is unconscionable. Access to such instruments was democratized when they became exchange-traded, though some brokerage firms (e.g., Vanguard) already restrict access to them.
I oppose the proposed regulation to limit my ability to trade leveraged and inverse funds. Keep the markets free and open the way they should be.
Since how I invest my money is my business---and no one else's and especially not a government regulator's, I strongly oppose the restrictions on my rights to invest tin public investments.
I am fully able to choose the public investments (which should, of course, be available to all of the public, not just the privileged.) that are right for me and my family.
Leveraged and inverse options should be maintained. They are like any investment product, and all licensed brokers or adviser make clients aware of the volatility decay associated with them. There are currently requirements for different levels of option investing, and a similar clearance could be required for those who invest in leveraged equities.
Hi, I am an adult and I can take my own risk. I don't borrow money to invest and I response to my investment risk. Thank you.
It is important to allow investors to use leveraged and inverse funds in their portfolios. These add an opportunity to participate in a sound and well managed personal investment effort to be successful. Brokerages provided valued information and warning about these produces to their clients.
Individual investors put a lot of time and effort to understand L&I Funds. I know that I do and have participated in them for a long time. No change is needed in this regard.
Thanks Tom
In regards to your proposed legislation to apply special criteria to investors who wish to trade in some leveraged or inverse funds. At the best, the proposed legislation is an additional burden to investors. At the worst is that it is discriminatory that shuts out small investors in favor of wealthy investors an private wealth or hedge funds. I currently have held one of these funds for over 11 years. It has allowed me to turn a small investment into up to 11 times it's size. I know it goes down farther than market swings, but it also goes higher than market gains too.
I have invested in leveraged and inverse funds for 20-odd years as a hedge against rising rates and over-priced securities. Please let me continue to do so.
Please allow investors to continue in leveraged funds, this is a way for Americans to counter the high inflation caused by economic factors and political activity.