Saxxon McCarty Comment On Regulatory Notice 22-08
This will not go over well and will result in many long term issues due to the wealth gap it will exacerbate.
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This will not go over well and will result in many long term issues due to the wealth gap it will exacerbate.
This is an over reach.
I want to be able to buy and sell what I desire without unneeded regulations.
To whom it may concern, In regards to your proposed rule, I am fully capable of understanding leveraged and inverse funds and their performance characteristics, and I dont want a third party evaluating my capability to do so and potentially preventing me from buying them. I want to state that leveraged and inverse funds are important to me, as they allow me to seek enhanced returns and help me protect my portfolio.
Having flexible investment alternatives is critical to ALL investors, not just the chosen few in the hedge fund and qualified investor ranks. The average person needs the same advantages that come with wealth and power.
Dear FINRA, I've been successfully trading Leveraged & Inverse Funds (ProShares), and using them as a hedge to other investments for years now. With the ongoing NEW rules & restrictions being considered by government and FINRA, trading/investing as an individual will become more complex than it already is!! (please don't try and make me jump through any additional hoops)!! Isn't being an Investor risky enough w/o you compounding the issue with trying to implement MORE control!(for your obvious benefit, not mine)!
I oppose this ruling. This will force many retail investors that are looking for leverage into more dangerous vehicles, such as futures and options.
I believe that additional regulation on the matter of leveraged / inverse funds is not warranted nor desirable. Let people do what they want to do and be responsible for the choices they make. It's that simple.
Don't touch my leveraged my leveraged ETFs you [REDACTED]
Having used leveraged long & short funds for several years I can honestly say that they have helped me make small capital gains while hedging against market volatility. During a recent Nasdaq sell off, losses in long stocks were compensated by the shares of SQQQ that I own. WTI oil has been volatile lately. Scaling out of UCO's as oil rises & simultaneously scaling into SCO's, and making inverse sales & purchases when oil drops has allowed me to safely trade somewhat balanced positions. I'm not wealthy, but I do know what I'm doing with leveraged etf's.