Percy Gyara Comment On Regulatory Notice 22-08
I oppose restrictions to invest in leveraged ETFs. If there is no restriction on using Options and Futures then it should not be on leveraged ETFs also.
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I oppose restrictions to invest in leveraged ETFs. If there is no restriction on using Options and Futures then it should not be on leveraged ETFs also.
Comments: I believe that limiting access to leveraged ETFs would be unfair to small traders. While leverage increases risk of loss, I think taking instruments like TQQQ away from the general public does more harm than good. You can try to prevent one person from losing money, but if that also severely handicaps someone who is actually seeing returns, I am not convinced that is a net good, all that has been done is preventing lower and middle class folks from taking on risk. To me, this doesn't sound like good regulation.
I feel that it is my right to freely access all the investments available in the markets without being regulated by any government agency.
I am not an investor but no one has the right to tell others how to use their money
Free and fair market is the foundation of the US economy. Restrictions on investment vehicles available would destroy the investors' confidence.
Please stop treating investors as if they have no understanding. It is patronizing and demeaning. You should be encouraging more investment choices, not restricting them. Your agency has lost its compass. Please stop this madness.
Keep government out of our lives
We appreciate you bringing the inverse and leveraged funds to our attention. We only use them occasionally because markets are up 2/3 of the time.
For short downtrends it is often best to wait until they are over, but in longer downtrends some money can be made.
Public securities traded should not have any special requirements for investing. These are public securities, after all. The proposed rules make trades available to the privileged more than the general public and that is not right, either.
Should be able to short sticks in ira
It is not necessary to restrict my access to different products. It is all right to send information and warnings if the SEC deem certain products are not straight forward, but it is NOT correct to restrict my ability to purchase or sell such investments.
This is nothing worse than "the government knows best." Our country is founded on freedoms. "We know what is best for you!" is substituting your opinion for my opinion.