Richard Klein Comment On Regulatory Notice 22-08
Please Do Not Pass this legislation restricting our ability to invest in these types of funds and other investments as most of us know what we want when investing in these stocks or funds.
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Please Do Not Pass this legislation restricting our ability to invest in these types of funds and other investments as most of us know what we want when investing in these stocks or funds.
Individual investors should be free to determine their own level of acceptable risk. The responsibility should be on those offering securities to clearly explain the risks and in individual investors to accept those risks. Individual investors should not be required to pass tests or meet a bar of net worth in order to purchase publicly available securities.
I firmly oppose restrictions on my right to invest in leveraged funds at my own risk.
It is unethical for only the rich to be able to see an opportunity in a market and not be able to invest into it. During unusual activity or volatility in the market it is essential that we all have the opportunity to invest and survive times like these.
I am capable of understanding leveraged and inverse funds and their risks. I don't need Government regulators making my investment decisions They help you protect (hedge) myinvestments or seek enhanced returns,and if you use them as a limited part of your overall portfolio.
1st of all I was a 30 yr account executive/financial advisor. inverse and leveraged investments are an important tool to counter volatility in your portfolio during extreme market conditions and over valuations. As I have seen in the past that 10 years of earnings can be erased in 2 months. We need these funds to insure our financial well being especially in retirement years. We can't survive on low rate bonds and CD's, so we need to invest in an intelligent way and need these tools!
Please do not remove my ability, as a small investor, to trade leveraged ETFs. I have used such positions many times over the years to hedge against specific risks and without these, I would have had no way to do it, either out of a lack of access or because it would have been too expensive or too complex.
Inverse ETFs are very useful hedging instruments for smaller investors like myself. Please do not discriminate against individual investors by taking away the freedom to choose our own investments.
This is an unfair rule preventing ordinary investors from taking full advantage of the market. As a graduate of law school, I am perfectly capable of making these types of decisions without being forced to take burdensome tests. There should be no such requirement provided I am offering no advice to others about investment. I strongly oppose this measure.
Your proposal is treating investors like children. I am opposed to ptoposed rule S7-24-15. I have a PhD in business administration and am capable of deciding my own investment strategy without the hoops you propose for investors to jump through.