Shridhar Damale Comment On Regulatory Notice 22-08
Comments: I as a retail investor understand the risks of leveraged / inverse ETFs. I use it as a hedge. Please do not take away my ability to invest in these products.
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Comments: I as a retail investor understand the risks of leveraged / inverse ETFs. I use it as a hedge. Please do not take away my ability to invest in these products.
More choice is fundamental too stability of any portfolio and I don't want to be limited by anyone especially a LIBERAL REGULATOR. That's what's WRONG with the country now. Mindless regulation based on liberal ideals!
We as individuals should have the right to pick and choose our investments as we see fit. These regulations would be an assault on my ability to manage risk in my portfolio.
All investing comes with risk. By choosing to invest, we investors willingly assume that risk. Regulations should not be used as an to attempt to save unwise investors from themselves. The State allows lotteries and widespread sports betting, which inevitable causes more financial harm to unwise investors than leveraged and inverse funds. Thus, I see these proposed regulations as unnecessary and unjustifiably restricting.
My money is none of your business. I earned it and if I want to invest in something, I will. We need to get rid of all regulators.
Please do not restrict public purchase access to Defined Outcome ETFs, ETNs, ELNs, Market-Linked CDs, Structured Notes, Principal Protected Notes, Derivatives hedging ETFs, Opportunistic/Tactical Multi-Strategy ETFs--all of which serve to REDUCE portfolio risk. Restricting access stifles liquidity, thereby increasing volatility creating even more risk to market function and more risk to investors! Restricting public access to ETFs trading in assets such as commodities, currencies, real estate, crypto, etc..
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NO NEED TO TEST ANYONE FOR INVESTMENTS OR ANY OTHER FINANCIAL DECISIONS. WE ARE THE PEOPLE. WE WILL VOTE YOU OUT OFFICE . OR YOU CAN JUST BE IMPEACHED.
Continue in your endeavors to find the truth and obtain justice.
Trading leveraged/inverse funds has been a boon to my ability to hedge upside and downside risk without the complexity of options. Also, through products like SARK and SQQQ, I am able to hedge against downside risk without margin.
I think smaller traders like me will lose a lot of flexibility if unable to trade leveraged/inverse funds.
Fidelity already shows comprehensive warnings about trading leveraged funds and requires a phone call to enable trading of inverse funds.
Are they doing some radical stuff like bringing back regulations that were put up to prevent another Great Depression? is the problem that we don't understand our investments and their risks?