Ammon Hitchcock Comment On Regulatory Notice 22-08
There is no reason for the government to regulate these, no one is forced to buy them, they make a choice. Stay out of it.
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There is no reason for the government to regulate these, no one is forced to buy them, they make a choice. Stay out of it.
Leveraged and inverse funds are important to our investment strategies. For over 20 years, my family has used leverage and inverse funds, as they help us to protect our investments or seek enhanced returns, and we use them as a major part of your overall portfolio. My family and I strongly oppose restrictions on our right to invest in these public investments.
In today's investing landscape, it's important that regular people have access to leveraged and inverse funds. As the market is falling, the only saving grace to my portfolio has been leveraged and inverse funds. I am fully capable of understanding leveraged and inverse funds and their risks. If I so choose to buy them regardless, that is my choice and my right. I don't need regulators to save me from myself. Me, not the regulators, should be able to choose the public investments that are right for me and my family.
It's especially important regulators hear from you in your own words. Please use the body of this email to customize your response. Regulators should serve the public interest not control how they invest. This is "Land of the Free, Home of the Brave"
I want my ETFs inverse or levereaged!!!
Are you people out of your mind? The market is going down, the economy is bad, a negative GDP number today, and buying inverse ETFs is the way people can protect themselves from falling asset prices and being put out of work. Why in the world are you doing this now? It seems like a desperate move to keep the market from reaching lows. You are not helping me. You are hurting me, and I do not want you FINRA people involved in this at all. Are you people willing to put your money where your mouth is and pay me if the market does go down and you prohibit me from buying it?
Do NOT restrict in any way my ability to buy leveraged ETFs! That would be ridiculous.
I oppose the proposed rule that hinders my ability to invest in these type of funds.
I lost tons of money by holding inversed leveraged ETFs, but it has more to do with Feds willfully propping up the market with easy money than misunderstanding of the risks of these type of instruments. Investors should have the freedom to invest in what they believe, and the regulator should be make sure fair rules for everyone, not by limiting the instruments available to investors.
Expect regulators to serve public interest not control how they should invest. This is "Land of the Free, Home of the Brave"