Ronak Patel 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
Dear FINRA,
I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs. I know what I am doing. The proper use of these leveraged products is a key part of my financial plan.
These funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification of an indexs price movement, and I use this magnification to my advantage.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I can't believe that it is even be considered to restrict anyone from purchasing Contra and/or Leveraged ETFs. Why??? Are they going to restrict lottery tickets too? What about casino gambling? Is it all going away?? Horse betting? If Cryptocurrency is allowed to be purchased, then everything and anything should be.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I understand the risks with Leveraged fund.
There is risk in every investment.
It should be my choice if I want to take the risk or not.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I shouldn't have to go through any special testing or processes to make investments.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I am opposed to restrictions on my right to invest in any public securities.
I have long made use of closed-end funds and own at some now. I can't imagine that such securities are considered riskier investments than stocks.
I have purchased leveraged and inverse funds on my own in the past as part of my own investment strategies. Currently, a financial advisor I use purchases such investments on my behalf.
Additional regulations are unnecessary and would not be helpful to investors.