Eric Phillips Comment On Regulatory Notice 22-08
I have a high (I guess net worth) and have a lot of experience in trading stocks and options. Leveraged ETF's are very valuable to me. They are no more dangerous than any stock or etf . Thank YOU
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I have a high (I guess net worth) and have a lot of experience in trading stocks and options. Leveraged ETF's are very valuable to me. They are no more dangerous than any stock or etf . Thank YOU
It feels like all these additional hurdles and restrictions are being considered to benefit the larger hedge funds and money managers and restrict individual investors from access. I have always been able to choose the type of investments that are right for me and my family, I understand the risks as well as benefits to investing. I am an adult and would like to continue the freedom of choice in making adult decisions without the need for regulators to inform me.
I oppose restrictions on my right to invest. All investments carry both risk and reward. A healthy market has abundance of both, best left to each individual investor to analyze, not gate-kept by an overseer. I don't want my market investments funneled through and likely excluded by regulators. I use leveraged funds to hedge my investments and should not have to pass a wealth-hurdle to do so.
I oppose any legislation restricting my right to invest in any public investments. I, not regulators, should be able to choose the public investments that are right for me and should be available to all of the public, not just the privileged. I am perfectly capable of understanding leveraged and inverse funds and their risks. I shouldn't have to go through any special process before investing in public securities.
It is absolutely unfair that you would limit the ability of people to invest in an inverse fund or any stocks in general. This country was built on freedom. Dont restrict the people!
I've invested in funds in question periodically over the past 15 years. They have provided a steady and comfortable addition to my portfolio without fail. The choice was always mine whether through personal research or following due diligence of a recommendation. Leveraged funds allowed me to pay off our home and to buy a car for cash... something not possible to do rapidly with regular growth. Most importantly, investors are not stupid. It's our money and in order to have that money to invest requires intelligence and discipline.
These types of securities are no more complex than calls & puts that have been a mainstay of public markets for decades. I have been in the investment & private equity businesses for about 4 decades and these should be allowed to be purchased by the general public just the same way SPAC's (blind pools) have been able to purchased by small investors.
I've been trading leveraged and inverse funds for a couple years now and they are critically important for my trading plan. I realize the risks and fully own them, but they are absolutely necessary for my future plans. I believe as a free American citizen it should be by right to make such financial decisions for myself and not regulators.
It is not a "free market" having proposals like these to restrict retail investors from protecting our investments.
I oppose limitations on my investment to freely invest and I oppose limitations on my ability to buy the.fund because detrimental as an investor and will eliminate the opportunity to earn profits for me and family