Robert Ramstack Comment On Regulatory Notice 22-08
I have been trading and hedging my account for years. Please do not restrict their use. Please allow me to choose
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I have been trading and hedging my account for years. Please do not restrict their use. Please allow me to choose
Greetings, Please do not implement regulations that may limit or prohibit investment in leveraged and inverse funds. Our investments have benefited from such investments. The alternative for my wife and I would be put options which are far riskier than funds such as UDOW, SDOW, SQQQ, etc. Leveraged and inverse funds allow for simple shares to take positions on a given index or sector. Limiting the ablility of any investor to assess the choices available would be a net negative. Thank you very much for considering this input.
I strongly oppose any regulations which further limits my ability to invest in public securities such as leveraged and inverse funds. I fully understand how these work, and the associated risks. It is completely unnecessary to implement any special process, measures or approval to utilize these funds. These need to remain accessible to EVERYONE, not just "trained" brokers and other privileged & wealthy individuals. My portfolio is carefully constructed to meet my needs and risk tolerance, and I've found both leveraged and inverse funds very beneficial.
Dear Sir, Please retain our ability to trade freely. Our actions are informed by massive amounts of information from diverse sources like Standberry Research, Motley Fools, Dividend Investors, etc. These are not gambled decisions. Thank you.
Regular investors already can not purchase shares in private companies. These newly proposed rules will make access to good investment even more elitist. Frankly, this is a severe move backwards and will enrage thousands. Regulators are supposed to help and protect the people. These rules do none of that. These rules give can edge to a class of people and investors that already have a huge edge. How is someone supposed to build their wealth and become a sophisticated investor/trader if you cut off their access to perfectly good products.
To whom it may concern -- I am a fairly knowledgeable investor who looks to maximize my returns utilizing levered funds. I know the risks that go along with my investments and accept those. I do not see where FINRA ought to be involved in creating a nanny-state mentality to protect investors. There are more than enough regulations in the financial sector to cover investors. Additional regulation or elimination of these funds is pandering to the uninformed, blame shifting, and incompetent drones. The right to invest my money where I think it is important should be left to me, not you.
I use 3X ETFs (TQQQ and SOXL) in my standard long term investing strategy has it provides compounding of my assets. It has outperformed most other ETFs over the past 10 years and I have held on through down turns. They are a tax efficient means of saving for retirement. In addition, during times of appreciation I sell a small portion to fund expenses and provide donations to charities. These ETFs work long term because they are the best of breed of American Growth Companies.
The SEC is established to protect investors, I know...but limiting choices and eliminating options to protect my portfolio from rising rates is actually harmful...not helpful. Anyone that is in inverse indexes like TBT, knows the risk.The vehicle is not ideal and not 100%...but it gives some level of flexibility for me to profit and and protect.In the absence of alternatives...its better than nothing. Respectfully and thank you.
I use these funds for hedging and have done so for many years. Please leave them alone! I dont want new regulations and limits!
I am writing in opposition to proposed restrictions regarding inverse etfs. I use these etfs as a convenient hedge against possible downsides in the markets. Please do not put restrictions in place that would require me to take a test or have a cooling off period before purchasing them.