Jackson Floyd Comment On Regulatory Notice 22-08
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.
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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.
Please do not block this opportunity, TQQQ has been a wonderful share that I have been trading from so many years. So please allow this to be traded by everyone.
You not regulators should be able to choose the public
investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
It is very important that you express your views in your own
wordsyour comments are more likely to be taken seriously
by FINRA if they reflect your own experience and perspective.
Not only do you have the right to share your views,
but the regulators are required to take your comments into
Levered ETF's are a critical asset class to help hedge market exposure. People should attest they have read the prospectus but nothing more.
As a professional investor, I should be able to choose to invest in public funds and what's suitable for my investments. I use these inversed and leveraged funds to hedge my investments, I shouldn't have to go through any special process, like a test in order to invest in these public funds. I understand the risk involved in investing in leveraged and inverse funds, I do not need to have these measures imposed on me. These are easy access funds and it provides an easy path to hedge my portfolio.
I think investors should have the freedom to invest the money they earn without a lot of restrictions. I have been using leveraged funds and options for many years and they have helped increase my earnings and protected investments that I have made. I request no special rules be implemented regarding leveraged or inverse funds.
Don't do it!
I align with the principle that it is an investors right to freely access the entirety of the public securities markets without arbitrary restrictions.
Yes, I do oppose restrictions to my right to invest in public investments!!
I've found when I'm forced to invest a certain way, the returns are less than satisfactory. Limiting people's choices and telling people how to invest is unamerican.