Ricardo Bonilla Comment On Regulatory Notice 22-08
I want to express my disagreement with the restrictions that are to be imposed in order not to operate certain assets as is currently being done.
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I want to express my disagreement with the restrictions that are to be imposed in order not to operate certain assets as is currently being done.
Restricting my ability to used leveraged and inverse funds would reduce my ability to generate taxable income. I love that I can support government programs through taxable income earned in leveraged and inverse funds.
I am writing to comment against passage of proposed rule #S7-24-15. As a retiree the use of inverse and leveraged funds are important vehicles for managing risk to my retirement. They provide diversification that is not available in any other products. I do not need to be protected from using these products. Indeed if these products had not been available to me my retirement portfolio would be much smaller.
I am an educated investor and aware of the potential risks of utilizing leveraged and inverse funds. To take away these tools from the average investor will significantly impact their ability to compete with the pros. Please do not continue down this regulatory path. This is not going to accomplish a positive goal for the general public.
I would like to purchase leveraged ETFs
Focus your time and energy on stopping NAKED SHORTING INSTEAD!
I have used leveraged funds in all my accounts both retirement and taxible accounts since they have been available. I use the funds in several ways one as a hedge and the other as part of a longer term strategy and am aware of the risks associated with these types of accounts and how they operate and close out positions each day. I do not want to have to jump through any more hoops to be able to continue to use them and feel the existing warnings etc. currently employed are more than sufficient as is. Thank you for your consideration. John m Brug
I am an investor and use leveraged and inverse funds in my IRA and taxable accounts. This enables me to hedge and follow my trading targets. I do not need regulators telling me what I can and can't do.
I should be able to choose the public investments that are right for my family and I. Public investments should be available to all of the public, not just the privileged.
I oppose the proposed Rule#S7-24-15 for the following reasons: 1. You have no right to decide for the public into what vehicle the public can invest their own funds. 2. You have no right to decide which individuals are allowed the right to invest. 3. You are creating a discriminatory system for investors decided by agencies on what is available. You are basically creating a secret system available to the wealthy that is cut off from the general public.