Said Khorram Comment On Regulatory Notice 22-08
Hi, please do not stop me from using leveraged and inverse funds, I am fully knowledgeable about these investment tools. Thank you.
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Hi, please do not stop me from using leveraged and inverse funds, I am fully knowledgeable about these investment tools. Thank you.
I believe leveraged and inverse funds play an important role and provide a desired product in the marketplace. I rely on these funds to enhance my returns in a diversified manner. I have been investing for over 30 years managing my own portfolio. I believe that I am capable of understanding the risks associated with leveraged and inverse funds, and I can judge to what extent I want, and can, withstand exposure to them in my portfolio.
I oppose of the regulations because I think that gives me more opportunity to invest.
I wish to make my opinion know that I oppose any restrictions on my ability to trade leverage and inverse funds offered by ProShares. As a retired individual, I rely in no small way on my ability to trade these assets to great supplement my retirement savings. Any restrictions levied upon my ability to trade in these assets will great impair my ability to financially provide for my family's well-being. As an investor and trader, please know that I consider it my right to freely access the entirety of the public securities markets without arbitrary restrictions. Thank you .
Taking the rights of investors away, to choose their investments regardless of how risky or silly they may be perceived to be, really runs contrary to the goals of free markets. Yes, put warning and red flags in place to warn potential investors that certain funds are very risky, but do not restrict our ability to choose the amounts of risk we take in our individual portfolios.
I appreciate the ability to sometimes purchase leveraged or inverse funds as it as an alternative to using options, especially in times of volatility when the IV of the underlying makes options too expensive. During the start of the pandemic I purchased some inverse leveraged funds as a way to cushion my portfolio. It worked well, and I would not want that ability taken away.
I do not need regulators to protect me from myself, and I should continue to be allowed to invest the money I earn in publicly traded Leveraged and Inverse funds. These investment vehicles are already approved for trading by the SEC, and I already receive "warnings" about their potential risks when I chose to trade them. Requiring me to "prove" I am worthy to trade them is a gross overreach in your responsibility as a regulator.
I am strongly against SEC Proposed Rule # S7-24-15. Individual Investors such as I need to have a tool such as these leveraged products in order to be able to compete with the big boys.
I am opposed to you limiting the investments I can invest in. I have a masters degree in Finance and have been managing my own money for 24 years. I should not have to pass a test or demonstrate high net worth to be able to invest in leveraged or inverse ETFs. I know full well the risks involved and I use leveraged ETFs as a vital part of my overall investment strategy. These types of investments should not be limited to the rich. I am more than capable of deciding which investments are suitable for my family, and I don't need you to decide these things for me.