Ken Morledge Comment On Regulatory Notice 22-08
This is absurd and unwarranted. Why would this only be available to the privileged? If this passes I will most likely pull out of the market entirely.
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This is absurd and unwarranted. Why would this only be available to the privileged? If this passes I will most likely pull out of the market entirely.
I oppose further regulation bills because these securities help me to spread out my risks in the overall economy.
This is WRONG! -- PERIOD! There is NO LEGITIMATE purpose for this. Let's face it and not beat around the bush, you simply do this SOLELY because you don't want the people to become wealthy and thus more independent and powerful than the criminals in positions of power who want to rule over the people. We all know this, you aren't fooling anybody.
I want to invest freely, proshares Inverse ETF is important in my portfolio
As an amateur investor, I find leveraged and inverse funds to be a huge help in complementing my investments and hedging against falling markets. I am WELL aware of the risks associated with leveraged and inverse funds, as my broker often posts warning statements on the trade screens when I buy these funds. Leveraged and especially inverse funds offer me an "all in one" product that otherwise I would have to spend time short selling and tracking prices to match the tracking index.
Individuals should be able choose which type of investments are right for them, not regulators. There is ENOUGH regulation, required disclosures, etc. and we need less not more.
I oppose restrictions to my right to invest
This is nonsense. Regulators should not chose what risk and investment I as an individual take.
I do not feel that I should be restricted or hampered from investing in these types of funds just because someone (who doesn't even know me) feels I'm not capable of undrestanding the risks. I also feel that I should not have to go through any process that will make it more difficult for me to continue to invest in these types of funds. As such, I strongly oppose restrictions to my investment rights.
Do not put additional regulations on levered sticks & ETF