Wiliam Bolek Comment On Regulatory Notice 22-08
Comments: These products are no different than any other etf. Read the prospectus Do the investment or do not. Buyer beware.
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Comments: These products are no different than any other etf. Read the prospectus Do the investment or do not. Buyer beware.
I'm writing in support of allowing continued use of leveraged and inverse etf's. I use these one a frequent basis as an investor. And, as a result pay a higher amount of federal income tax from profits related to trades involving these investments.
Do not limit investors ability to invest in L & I products by "enhancing" existing rules.Comments:
Comments: My comment is I study the markets daily and I have a MBA in Finance. I understand the risks of the leveraged and inverse ETFS. I trade the products as part of a comprehensive overall strategy on a short term trade basis.
The Direxion L & I funds offer unique and easy access to important investing products and concepts. Please stay away from changing access to these concepts which make it easy for everyone to use small investments. Everyone understands the risks and should always have trouble-free access.
Comments:I have used L& I funds for investments for many years and find that they are safe predictable investment tools.
Comments: Please don't underestimate people's ability to understand complex products. We have enough hurdles and unanticipated consequences to deal with without big brother butting in even more. Leave the ETF rules as they are.
Comments: To whom it may concern . My broker keeps me very informed of the risks that ETF holds . Unless you are going to come into the common peoples lives and rule how we manage our private money, whether that is gambling , drinking , excessive buying or saving, then you need to stay out of how I do my own stocks . ETF etc are my right to pick and choose . Not your right to say who or what I can do . Again unless you plan on telling me where and how to spend ever dime in my personal life , stay out of my financial affairs completely .
Short and simple FINRA, leave things alone. Don't manipulate my access to my investments. My money, my choice.
Inverse leveraged ETFS have helped me to hedge my long term stock investments. I have been warned to not hold them for long, and I can use a trailing stop to avoid big losses. Because of these products I dont panic in a sell off, and I can continue to hold my stocks and collect my dividends. Please dont take these tools away because of some reckless traders.