Bill Leung Comment On Regulatory Notice 22-08
Comments: leveraged ETFs are right for me
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Comments: leveraged ETFs are right for me
Comments:Leveraged and Inverse ETC. I am aware of the risk involved in these vehicle and suspect that most are also aware. Please do not limit my options Stocks get extremely difficult to short. Thank you! Glenn Williams
No changes are needed. I have traded these products for years. They are neither "confusing" or "complex." Stop insulting us.
As an institutional and self-taught individual investor, I have utilized leveraged and inverse funds successfully for twenty-five years. I believe them to be a valuable strategic/tactical portfolio option. While I agree that knowledge of these complex products is imperative, the ability and willingness to self-educate or receive training is too readily available to require an onerous process to qualify. With such an approach, I may not have had access for years before I began working with brokers.
CommentsThe definition of the term COMPLEX IS TO GENERAL LET AN INDIVIDUAL TAKE RESPONSIBILITY FOR THEIR OWN ACTIONS :
These funds like all ETF, Stocks and options come with risk and potential loss of capital. These ETFs should be allowed to trade at the traders discretion.
While it may seem reasonable and prudent to limit access to leveraged ETFs to novice traders, experienced traders with 2 years of experience or more, should be able to enjoy the full and unrestricted freedom of trading such instruments.
Dear Sirs: Please DO NOT make ETF investments more expensive or more difficult. Leveraged ETFs are the corner stone of my, in retirement, investment strategy. Leveraged ETFs provide an index for specific sectors that i havent been able to find anywhere else. The premiums on options for leveraged ETFs are also beneficial. I dont understand why you are planning a disruption of a beneficial investment, perhaps a little restraint is in order.
Comments: As an individual investor who understands the use of leveraged and inverse funds in my portfolio, I find it appalling that FINRA would swoop in to "save us". The risks are ours to take and adjusting government regulations is not needed. If we make an investment of any kind it is our sole responsibility to recognize how it fits into our holdings. Please do not put restrictions on my (our) ability to trade "complex products". Thank you,
Comments:In my view. 2X, 3X and Inverse Investments should be traded only*after* the brokerage firm has qualified the investor, just as is currently done for investor trading in IPO's.