Eric Larson Comment On Regulatory Notice 22-08
I am a responsible investor and it should be my right to choose the avenue in which I choose to invest. Thank You, Eric Larson
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I am a responsible investor and it should be my right to choose the avenue in which I choose to invest. Thank You, Eric Larson
I have been trading leveraged and inverse products almost since their inception. I understand these products and have used them for close to 20 years and have never had a problem. They are the majority of my trading/investing strategy. I cannot understand how taking a test is going to be a better metric for understanding these products than 20 years of "skin in the game". Also I believe these products should be available to all equally.
I reject your intrusive attempts to stop investments into leveraged and inverse ETFs. Stop treating investors as if they have no understanding. It's patronizing and demeaning, and it's not who you are. Lead by positive action to create more choices in the market....not less.
I have been managing my own investments, and trading leveraged and inverse funds for many, many years. "I", not regulators, should be allowed to invest in the products of my choice. I worked as a CPA for many, many years and consider myself to be well informed regarding leveraged and inverse funds. I am not trading on margin. I am using my own hard earned money for trading. Regulators don't tell me what house or what car I should buy or sell, and neither should they be be telling me what I can or can't invest in. Leveraged and inverse funds are just a part of my portfolio, not ALL of it.
1. Public investments should be available to all of the public, not just the privileged. 2. Explain that you are capable of understanding leveraged and inverse funds and their risks. Tell regulators you do not need these measures imposed on you. 3. As a small investor in a volatile market driven by big players investments need to be protected by leveraged hedging. 4. It attacks small investors ability to manage risk
Leveraged / Inverse ETFs are important tools for smaller investors to be able to easily hedge and take advantage of market opportunities and changing conditions. Denying investors this level of flexibility is a clear attack on the little guy. Smaller investors can use these tools to have immediate access to hedge trades which can protect a portfolio almost instantly without having to engage in complicated option strategies.
I not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
I am against SEC Proposed Rule #S7-24-15. I not regulators should be able to choose the public investments that are right for myself and my family. Public investments should be available to all of the public, not just the privileged. I use covered call options on inverse and leveraged funds to make money, regardless of the market direction. Yes, there are risks, but they are risks I understand and am willing to take. This is a small portion of my investment portfolio, and I should be able to use it as I wish without interference.
I am not a major investor but have some funds that I actively manage which I am hoping to use for my kids college fund. I need the flexibility to decide if I want to be long, short, leveraged or not on my positions. I am not a high new worth individual or professional investor but I understand the risks I take in going short on a position or having a leveraged position. Largely these positions are a hedge against other assets we have. I am not interested in further federal regulation or limitations on my decisions. Please do not move the SEC rule S7-24-15 ahead.
Markets need to be free and available for all. Adding disclaimers is fine but disallowing or restricting to trade is not a good sign of free market economy.