Kaid Contractor Comment On Regulatory Notice 22-08
Please let me decide my investment strategy
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Please let me decide my investment strategy
Leveraged instruments are important for experienced retail investors to go long the market and hedge in uncertain market conditions. We accept the risk of loss, and do not put more in these instruments than 25% of a portfolio. Still, they also have been some of the greatest generators of wealth when going long after a prolonged bear market. It's unacceptable to take this opportunity away from retail investors. A small amount such as 20k, can be life changing after a 500% run after having purchased TQQQ near the covid lows of 2020.
Please do not take any current options for maximum flexibility in the free market trading of US securities. The market is already over manipulated by government regulations and the enforcement agencies, including the Federal Reserve. If you are looking for a more open and fair market, start by taking away the right to invest in individual stocks from the US House of Representatives and the Senate.
It is no one else's business how much I earn or what I want to invest in. It is my money and how I want to spend/invest it is my business and my business alone.
I oppose SEC proposed Rule #S7-24-15. The small investor should not have rules applied to them that the SEC does not apply to the large investor. Indivindual investors(Adults) have the means to read a prospectus and do their own research. My analogy is ignorance of the law is no excuse when you break the law and get in trouble. Ignorance of an investor not knowing what they are investiing in is no excuse when they lose money
I very much oppose any attempt by regulators to prohibit me from investing as I see fit. I am fully aware of the risks of investing in leveraged funds and have taken those risks into account.
I am strictly against limitations of trading leveraged or inverse tools. It is a usefull way how to enhance profit or hedging a portfolio. I just want to keep the system running freely as it is currently now. Thank you Ivan Cenov
This proposed rule is not fair to the common people. If you want to make a new rule, target the big banks instead.
Limiting and restricting investors ability to utilize leveraged and inverse funds is a grave disservice. Through use of said funds I have been able to substantially increase profits.
I have been trading and hedging my account for years. Please do not restrict their use. Please allow me to choose