Skip to main content

Charles Engelberg Comment On Regulatory Notice 22-08

Dear Sirs and Madams: As a former managing director of a broker dealer I can tell you with certainty that regulations for leveraged and inverse ETFs are long past due. Although I have over 45 years of investment experience I was also ill informed about their characteristics and basically lost all of the money in my IRA which I luckily could afford. Now that I understand them I am profiting handsomely by shorting them. In no instances should they be allowed in retirement accounts. They are basically only suitable for day and computer training.

Michael Basso Comment On Regulatory Notice 22-08

I oppose restrictions to limit my right to invest in leveraged or Inverse funds. I should be the one to decide if I use these funds and not the regulators. Leverage and Inverse funds are very important part of my Portfolio strategy and by limiting them will adversely affect my investment options. I have used both leveraged and Inverse funds for many years and understand their usage.

Gail Joseph Comment On Regulatory Notice 22-08

Public investments should be available to all of the public, not just the privileged. It is very important that I shouldn't have to go through any special process like passing a test before I can invest in public securities. I am capable of understanding investments and their risks. As such, I should be allowed to invest in any securities as it is my right to free choice as a citizen of this great country.

Oscar Jennings Comment On Regulatory Notice 22-08

To whom it may concern: It should be my choice as to where I invest my hard earned money. I should not have to go through any special process like passing a test before I can invest in public securities, or leveraged and inverse funds. I am perfectly capable of understanding leveraged and inverse funds and their risks. I do not want nor need these measures imposed on me. Thank you.