James Caudill Comment On Regulatory Notice 22-08
Leveraged ETFs are important for option trading
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Leveraged ETFs are important for option trading
I oppose limitations on my investments in leveraged and inverse funds. I want to be able to invest freely.
Please do NOT take away my rights to use leveraged funds. these are important tools in my financial plan. DO NOT regulate my personal choice. Thank you Kurt Pommerening
Regulators should not have the right to limit my choice of investments - Public investments should be available to all investors and not just the privileged elite - I should not have to go through a special process to invest in leveraged funds - Leveraged and inverse funds are a necessary part of my investment strategy m to hedge against market pullbacks - Any limiting regulations tells me something big is coming and the wall street tycoons want the public not to have the ability to hedge.
Please do not limit or create hurdles for United States Citizens to invest how they'd like in legal and potentially lucrative investments.
Schwab has a detailed descriptions of these funds that you have to read and agree to, and I fully understand the risks. For this reason, they should not be restricted.
I have been investing in inverse funds for years. I am well versed in their advantages and risks. I take full responsibility for my investment choices and believe I should have the choice to invest in what I want. After researching inverse funds years ago I have been integrating them in my overall investment objective. Why should I not have the same advantages as managed accounts get when I am educated and take responsibility for my choices. Since when did investment vehicles feel the need to protect the buyer from their poor choices?
I am fully aware of the risks of these investments. I should be able to decide how I invest my money, not you. You are attempting to infringe upon the rights of citizens by your proposed actions. Stop!
To Whom it May Concern, The Government should not impede investors from investing in any vehicles or securities they desire to invest in. I personally utilize leveraged ETF products when appropriate. Do not eliminate a tool that could allow us to assist clients and their families with successful retirements as a result. Please FINRA do not overreach in this regard as government 'trying to help' only causes more problems for it's citizens.
I am vehemently opposed to limiting current investment vehicles. Better attention to be paid to existing companies who are not reporting accurately (ex: Twitter and TSLA). Anyone using leveraged ETF's are educated enough to understand potential risks. The same for any listed stock on any exchange.