Michael Schafer Comment On Regulatory Notice 22-08
I oppose restrictions on my right to invest in public investments. Including LEVERAGED AND INVERSE FUNDS
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I oppose restrictions on my right to invest in public investments. Including LEVERAGED AND INVERSE FUNDS
It's called a hedge. I want to be able to do the same thing the big institutions do. If I'm smart enough to buy long positions, I'm smart enough to short. As per usual, you are dumping on small investors and helping big banks aka: your donors. This isn't just stupid, it's anti American. It's my money, if I want to hedge, it's my business. Stay out of my business and stay out of the markets.
You not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
I have inverse funds in my investment accounts. They are a portion of the accounts, not the majority of the accounts. These funds bring some additional diversity and balance to my accounts. I am investing money that I have earned throughout my career, and I should be able to do that as I see fit without government regulation either adding needless tasks for me to accomplish or restrict my investment earning potential. Both of my brokerage accounts already include warnings and information about the inverse funds I trade. These warning pop up before I can submit each trade.
I feel additional regulation on inverse and leveraged funds who prohibit me from diversifying my account. I already invest in high risk stocks like penny stocks and I also short stocks so I maximize my annual gains. While I may lose money occasionally I fully accept that risk. I'm only putting a small percentage into these funds and the majority of my money is in less risky stocks.
Sirs, I wish to continue investing in leveraged and inverse funds.
I am against the proposal, S7-24-15, to restrict trading in leveraged funds. My wife and I depend on leveraged ETFs as part of our investments strategy, and we should continue to have that freedom, as I take the time to research investments in order to make the best choices for our accounts. That is my right as a citizen of this country. If my investments decline, that's on me and I accept that responsibility just as anyone should. I should be allowed to continue to make my own decisions for our portfolios.
I oppose any change to the current rules which would prohibit or limit the use of the funds under the proposed rule. These funds provide unique opportunities for investors - many of which are individual investors - to enhance returns that would not be available in the absence of these investment vehicles. Please do not impose this Proposed Rule. Thank you
Do not hinder the use, this investment option etf gives the little guy the ability to compete with the big boys, in other words it democratizes the investment environment.
Please don't make these restrictions. We are aware of the risks as all brokerages and Applications have disclaimer while trading leveraged stocks.