William Scarcella Comment On Regulatory Notice 22-08
I don't see a need to regulate these types of investments, However I Do see a need to regulate those who cause unnecessary regulation!
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I don't see a need to regulate these types of investments, However I Do see a need to regulate those who cause unnecessary regulation!
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
Inverse funds serve an important function to hedge investment portfolios. By precluding retail investors from doing so, it is locking out this class of investor from having any form of protection during periods of down markets. It is inconceivable that in the U.S. there is a proposal to preclude investors from being able to decide what they do with their own finances. Why are high net worth individuals given special privileges? You are putting the retirement investments of tens of millions of Americans at risk by not allowing them the right to protect their portfolios.
No reason to penalize everyone for a few bad apples. I use inverse ETF's during times when the stock market is going down to balance out (hedge against) losses and so I can hold on to my winners. If the inverse ETF's are subject to special processes beyond the usual rules for all stocks, this would be unfair.
Stop with the over regulation
The ability to invest how ppl want to invest it critical. I use inverse or leveraged inverse funds to mitigate my stock exposure during volatile times without having to sell stocks and pay capital gains. Eliminating my ability will cost me money as well as restrict my freedom. I strongly encourage you to scrap these unnecessary plans.
I - not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
I personally believe that investor education and knowledge is key to keeping investors safe. All investments should have risks outlined in simple language for investors to understand. However, restricting certain investment to only a select few basically increases market manipulation and puts such power in the hands of some unscrupulous operators. How many times in the history of our markets has a small investor been responsible for a market meltdown or fraud ? Please do not make another tool for the select few. Enact legislation to improve transparency, not decrease access.
Leave us alone. We have been doing this for years. I totally disagree with changing the regulation!
SEC Leveraged and inverse funds are used in particular situations to hedge or enhance certain positions I may have. Rather than selling some or all of a position and causing taxes, I can use an inverse fund to protect my investments. Today, my broker provides information to ensure I have the needed information about using these funds. Please don't add increased scrutiny or requirements to use these instruments.