Robert Bugglin Comment On Regulatory Notice 22-08
Please do not restrict my access to leveraged ETF funds. I find these to be a useful addition to my investing strategy.
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Please do not restrict my access to leveraged ETF funds. I find these to be a useful addition to my investing strategy.
I understand that FINRA is considering putting additional restrictions and / or eliminating a whole range of ETF products. This greatly concerns me.
Perhaps you should focus on regulating banks like Goldman who has taken 874b in bailouts and paid over 9.8b in fines/damages since 1998 instead of erecting a firewall to protect the same big banks.
I agree with Milton Friedman. Free to choose.
As an individual investor who started with very little and has put countless hours into learning the markets to be successful, Im completely outraged at the the thought of another government regulatory entity over-stepping their bounds in an attempt to protect me from risk. The money I invest comes from my employment wages, so there is careful calculation and consideration put into each position I enter in to. I have been trading leveraged and inverse funds for many years and have done so successfully without the need for passing tests or proving knowledge and/or skills to a brokerage.
With all due respect to well-intended policy anything that restricts the ability of individuals to invest according to their own choosing is unacceptable in America. We are not children and should not be treated as such. Doing this sort of thing is an easy way to cause massive Revolt of the people.
I want to be able to choose public investments that I choose, NOT regulars.
These are public investments and should be available to all of the public,not just the privileged and/or elite class.
Government has no constitutional right to regulate the investments I choose to invest in. Quit taking my rights away
Restricting rights to investing , ties the hands of people and is just another form of government over reach. We shouldnt be restricted because of overly fearful control freaks .
Comments: inverse ETFs: investors with small accounts and limited knowledge or no access to options have no way to hedge their position without inverse ETFs. Putting small retail at that kind of disadvantage exposes them to more risk and potential losses. It forces them into trying to time getting out of the market, and/or taking gains in the short term bracket instead of holding and hedging and taking profits in the long term brackets. For leveraged ETFs: some of the above applies for hedging, with lower capital.
Hi, please do not make any changes to the purchase of leveraged or inverse funds. There are sufficient warnings provided by the brokerages. Thank you.