Kyle Druskin Comment On Regulatory Notice 22-08
Change the tax code to a flat tax leave this Proshares alone
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
Change the tax code to a flat tax leave this Proshares alone
Disagree as believe this reduces investment freedom and favors large institutional investors
I know how to invest, so I oppose restrictions to my rights and abilities to invest.
An inverse ETF or even a leveraged ETF takes far less knowledge and understanding to invest in safely than a whole host of other publicly traded securities for which no similar requirements are being imposed. All one has to understand is that the security is designed to and reasonably likely to trade in the manner it is advertised by its promotors .... which is usually tracking an index or the inverse of an index. That is the same amount of knowledge needed to invest in the index itself.
I do not feel there is a reason for additional requirements for investing in any public investments. I don't believe I should have to take classes or any other requirement in order to invest in any type of investment especially leveraged and inverse funds. There is enough information and restrictions provided by Brokerage houses.
We need to stop treating people like idiots when it comes to our finances. There are a lot of us that are not fantastically wealthy yet fully understand how to invest our money. Why limit the ability to have larger returns to those in the upper levels of wealth? Further regulation of investment vehicles will increase the wealth gap and make it harder for younger people to build wealth and stay ahead of inflation.
I oppose the legislation in the proposed rule #S7-24-15. I like the ability to invest in leveraged funds, specifically SQQQ. When the market indicators show that the markets, in this case the Nasdaq Composite, is going to go through a contraction, funds like SQQQ allow me to realize a greater return with less capital. Funds such as SQQQ help level the playing field for other investors that do not wish to have a large percentage of their net worths in stocks and bonds.
As a regular investor, I 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 shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. 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. Leveraged and inverse funds are important to your investment strategies.
I buy leveraged etfs for years and I like them. I also support my freedom and the freedom of every trader and investor to make their own decisions. I am against regulartion and regulators controlling my investments and purchases. Public investment should be available to all the publi.
I should be able to choose the public investments that are right for my family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process before I can invest in public securities. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed. Leverage and inverse funds are important for my investment strategies, as they help me protect my overall investments, so I only use them in a portion of my family's overall portfolio.