Arif Fahim Comment On Regulatory Notice 22-08
Opposes
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Based on my own investment and accounting experience, education and forma FINRA licensing I am capable of understanding leveraged and inverse funds and their risks. I should not be required to go through any special process or passing a special test before I can invest in any public securities, including leveraged and inverse funds. I should be able to choose whatever public or private investments that I deem are right for me and my family not just who you deem are privileged investors.
Regulators need to focus their time and energies to stop the other Bill Hwangs out there that are making millions/billions doing illegal trading than us small fish trying to earn a few dollars on Inverse and Leveraged ETFs!
Very wealthy individuals use leverage to increase their wealth..... I feel the same option should be available to the small investor.......... Leveraged funds level the playing field for the intelligent small investor, and they should not be eliminated.
Please do not restrict my rights as an individual to invest in public investments yet allow a privileged class to continue to invest without any restrictions. This is unfair to individual investors. Your assumptions that we are too dumb to understand complex investment strategies is an insult to all American investors. Your regulators are not our parents to make us do special process to invest. This is America where an individual has the right to pursue liberty, happiness and freedom to invest his or her choosing. We do not need any nanny government regulation to hinder our pursuits.
I am against regulators limiting investors from trading leveraged and inverse funds. They provide me a useful way of hedging so I don't have to sell portions of my portfolio that have tax consequences. These funds also provide additional liquidity to markets allowing them to function. These types of funds are easy to understand so the public should not have to be accredited or pass any test to be able to invest in these. I have a Series 65 license and speak with this experience.
I understand the concern over novice investors utilizing securities they no little or nothing about. The same could be said for novice equity investors - do they understand the companies they are buying? I oppose any further regulation on my right to invest in public investments. Leveraged ETFs are an important tool to use in hedging equity portfolios and for those of us managing retirement funds with little ability to hedge or short common stocks, they are a critical tool.
The entire investment universe should be made available to anyone accepting the risk
Please do not stop our freedom to invest. You would NOT LIKE your investments messed with
Hello, Hope you have nice day. I am writing you this time to make my voice be heard, I OPPOSE THE NEW RESTRICTIONS TO MY RIGHT TO INVEST!!!! I believe that I should be able to choose the public investments, that I believe are right for me.Public investments should be available to ALL OF THE public, not just the privileged!! I am very much capable of understanding leveraged and inverse funds and their risks, I do not need these measures imposed on you.