John Conlisk Comment On Regulatory Notice 22-08
I protest to any restriction to invest in financial instruments of any kind.
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I protest to any restriction to invest in financial instruments of any kind.
I should be able to choose what I want to invest in. You cannot continue to regulate my decisions. Free range and free will are important.
I would call myself a KNOWLEDGEABLE investor. I use a SMALL PERCENTAGE of my investable funds to sometimes buy inverse (or bear market) funds that are leveraged, as these leveraged funds are often the only ones available. I current own shares of SCO (a 2X leveraged bear fund based on the price of oil). While these funds are certainly not for everyone, my ability to invest in them should NOT be restricted. I am all for financial regulation. Let us NOT repeat the financial crisis of 2008.
This act is another form of financial oppression. The motives for why these ETF's are having access revoked is because the retail investor/general public can make too much money in eyes of the financial industry. They are not revoking access to protect us, the retail investors. They are revoking access to protect themselves, the financial institutions, from losing too much to retail investors. These inverse and levered products should remain available if America is in fact the land of the free.
I want the ability to make my own decisions on what investments to make and when to make them. Timing can be everything. A "cooling off period" could miss the opportunity. You don't have to take a test to invest in the market, go to Vegas, or buy expensive cars and toys, so why single this out? Some people aren't good at tests but are capable of incredible knowledge and understanding. Leveraged and inverse funds are a smart part of my investment plan. If my stocks and bonds tank at least I have my inverse funds!
Hi - I am an educated investor. Inverse leveraged ETF helps me to hedge/protect my portfolio. Kindly do not take that away from us. Thank you!
Pro Shares levered funds provide an avenue for individual investors to balance investments.
It is not right that I as a private investor be denied the access to inverse funds, I use to hedge my account against market declines. you are going to remove or limit one of my safeguards. This is not needed or wanted.
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 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. Leveraged and inverse funds are important to my investment strategies. They help me protect (hedge) my investments or seek enhanced returns.
This should not be decided by regulators. This should be a freedom decided by the investor whose money is at risk. Should penny stocks, crypto and other equally risky assets be banned as well? Should investors not have the right to buy or sell assets during certain market conditions that regulars deem unsafe for the investor? No, these are decisions for those with assets who have decided to take on these risk. Putting bans on these assets won't stop until all risky assets are banned greatly hampering the rights of freedom of the American investor.