Rahul Soparawala Comment On Regulatory Notice 22-08
Not fair for retail investors
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Not fair for retail investors
I oppose the rules being considered. Individuals have the right to invest according to their own wishes. Is America a free country or is it a fascist dictatorship?
I feel strongly that I should not have to prove to anyone that I am capable of choosing my own investments. Such a restriction would prevent me from using inverse ETFs to hedge during downtrends in the market (such as we are currently experiencing) and also prevent me from taking advantage of downtrends in the market. Cooling off periods may expose me to a complete inability to protect my money if such a period coincides with a period of high market volatility. This is a serious risk to my financial stability, not a protection.
The market does not only move up, we must be able to see the Macro effects of policy that effects the ecomomy,
Individuals should be able to participate in the free market in any public investments they so choose. Regulators should not be able to choose who is allowed to invest and what they are allowed to invest in, as it only benefits the privileged and the brokerages. Any regulation that limits what type of funds the common man can invest in, including leveraged or inverse funds, is not a protection of the common voter, but a protection of the institutions.
I should be able to choose the public investments that are right for my family and I. I shouldn't have to go through any special testing to invest in public securities, including leveraged/inverse funds. I'm more than capable of understanding leveraged and inverse funds and their risks.
Attest to reading certain materials
We do not need more regulations we need a free market one that is void of 15.5 trillion $ free giveaways we no longer have a functioning market. Stopping this type of investing will do nothing to correct the underlying ills we find ourselves. REGULATE THE FED not the investors
I very often use leveraged inverse ETFs to hedge my portfolio at the most efficient way possible. The loss of this choice would significantly reduce my potential to protect my portfolio from downside losses during market corrections. I strongly request putting restrictions and limits on leveraged and inverse ETF investing be terminated from consideration. Going forward with these restrictions is very UN-AMERICAN.
I should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before you can invest in public securities like leveraged and inverse funds. Explain that you are capable of understanding leveraged and inverse funds and their risks. Thank you!