Rodger Mcccarty Comment On Regulatory Notice 22-08
I object to restrictions allowing me to purchase inverse equities
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I object to restrictions allowing me to purchase inverse equities
You 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. We are perfectly capable of understanding leveraged and inverse funds and their risks. Don't limit our free options.
Investments have many safeguards to prevent individuals from investing in products they don't understand. These range from a formal prospectus all the way to a (highly) informal google search (which will readily enumerate the risks involved in investing in leveraged ETFs. That information is easily accessible to anyone who might choose to invest in these products. As a result, regulating these products further takes choice away from investors who have every opportunity to ensure that they are fully informed.
Please do not take away tools from small, individual investors. There are too many ways the big guys have to beat small investors with their unfair rules. The markets are rigged to their advantage. I NEED to use inverse and leveraged funds to avoid financial disaster in my retirement account.
I should decide my investments it is my financial obligation.
I should be able to choose the public investments that are right for me and 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 like passing a test before investing in public securities such as leveraged and inverse funds. Having used these funds in the past, I am capable of understanding leveraged and inverse funds and their risks.
Stop taking away PUBLIC investment choices
I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. You 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. I spent 22 years in the securities industry and have been active on my own for 20 years ever since.
It's especially important regulators hear from you in your own words. Please use the body of this email to customize your response. This proposal doesn't make any since, unless you also plan on doing away with the Options market too.
I oppose any and all restrictions that might be applied to Leveraged and inverse funds, because they are important to my investment strategies. I currently use Leveraged and inverse funds to help me protect (hedge) my investments or to seek enhanced returns, and I use them as a limited part of my overall portfolio.