Edward Herger Comment On Regulatory Notice 22-08
I oppose adoption and enforcement of SEC Proposed Rule #S7-24-15. It unreasonable resists access to trading instruments.
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I oppose adoption and enforcement of SEC Proposed Rule #S7-24-15. It unreasonable resists access to trading instruments.
I oppose limitations on my investments in leveraged and inverse funds. I want to be able to invest freely.
I believe individuals can and should do proper research and use their own abilities to assess risk exposure. The ability to trade inverse and leveraged funds is indispensable and key to holding a balanced portfolio or responding to volatility in the market. Without inverse funds I personally would have to pull my assets out of the market to react to current and possible future market conditions.
I should not have to pass a test before investing in public securities. I have been investing in all kinds of markets for more than 55 years. I am fully aware of what leveraged funds are and what inverse funds are and what their benefits and risks are. I essentially use leveraged and inverse funds to protect my long term investments.
I should be able to invest like any other investor.
SEC proposed rule s7-7-24-15 would create an environment would remove the abilities to protect long term investments through a short term volatile environment. The rule would ultimately create additional volatility in the equities markets by eliminating the open access to inverse funds to the open market. I strongly recommend against adopting this rule.
It is not fair to impose restriction on leveraged and inverse ETFs for most citizens. Under the new rule, people need to demonstrate a high net worth in order to invest. This is definitely discriminating as it treats investors differently based on social status. It favors high net worth individual.
Leave it as it is. Nothing is wrong.
This proposed regulation seems GROSSLY UNNECESSARY. Individual investors should have access to a wide variety of investment options. They can assess the level of risk they are willing to take on any particular investment. What data do you have that shows any significant number of investors that have been harmed by simple access to these products? Fraud must be prosecuted when it is found to exist from investment sponsors, but denial of access to investment options is a terrible limitation.
I oppose limitations on my investments. This is freedom country. I freely invest at my own risk.