Darwin Davis Comment On Regulatory Notice 22-08
I want my rights to buy public investments! Sell and buy is risky! We take risks since we came to this world!
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I want my rights to buy public investments! Sell and buy is risky! We take risks since we came to this world!
Leveraged ETFs provide a convenient way for investors to have expanded exposure to an asset with less capital upfront. I understand the expanded risks of these instruments including volatility decay, but I feel that they suit my investment objectives of gaining expanded exposure to a diversified underlying index such as the S&P 500. I have done the math and assessed the risks, and I position my portfolio accordingly to account for the potential risk and return. Please allow investors to retain the ability and freedom to position their portfolios according to their objectives.
Dear Sirs, I am writing today re: Proposed Rule #S7-24-15. This rule should not be adopted for the following reasons: I should be able to choose the public investments that are right for me and my family, not you. Public investments should be available to all of the public, not just the privileged few that you deem worthy of making that investment. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds.
If you are going to limit an investors preference to invest in defensive ETF's then you should not allow any ETF's. There is no law against puts or shorting. This change will simply disadvantage small investors . Stop trying to run our lives...you can't even run our government,
Do not limit my ability to purchase leveraged and inverse funds. You have done nothing to stop senators and congresspeople from purchasing or selling stocks when they have inside information, so DO NOT limit the rest of us. This would be ridiculous.
Dont pass the SEC proposed rule s7 24-15
Once again the Federal Government is going to try and decide what is good for the public, the same public that pays for everything. The only person that should decide how I invest MY money, is ME. If you are going to impose a "test" in order for me to show understanding of the financial instruments I choose to invest it, I guess you're also going to reimpose the "poll tax" and "literacy tests" that people of color had to endure during Jim Crow in order to vote, yes? You must be Democrats, that's all I can figure.
The regulations being considered are discriminatory. As Capitalist it is essential to have the freedom to purchase the specific assets or investment vehicles on the open market that work best for yourself or family. As Sophisticated investors this is not robinhood or gambling. WE UNDERSTAND THE RISKS and have years of experience trading in the markets. [REDACTED]
This has all the hallmarks of market manipulation similar to what was seen during the Bush Administration in 2008. This type of manipulation wouldn't be necessary but for the incredibly loose monetary policy and failure to properly regulate IPOs, and especially SPACs, that seemed designed to take money from retail investors and give it to insiders. You can't possibly be worried about losses on leveraged short positions when it's so easy to lose 50% or more in a short time in DASH, BTTC, PTON, NFLX, FB, CVNA, and the list goes on and on.
You 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.