Charles Wharton Comment On Regulatory Notice 22-08
Please dont impose this arcane help to the investor. We dont need your help. There are too many refs already.
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Please dont impose this arcane help to the investor. We dont need your help. There are too many refs already.
Nanny state tactics that determine how, when and why I invest need to stop. I have gotten by so far without government oversight and can continue to do so very well.
Hello, Public investments should be available to all of the public, not just the high net worth individuals. Despite their risk, Leveraged and inverse funds enhance returns when they are used as a limited part of my overall portfolio. It isnt right to only offer them to the rich under the assumption that they can afford to lose more. We, with less money care just as much about our money but want a fair chance as well. Leveraged and inverse funds are important to protect against a choppy and volatile market.
Rule #22-08 is a violation and restriction to OUR FREEDOM! No special tests are required! We are free adults, and must be treated as such! And WHY are "Unelected Bureaucrats" writing and passing laws limiting our RIGHTS?
we dont need this extra protections from the government, we can manage our own money, thank you
I have been investing - on my own using my own methods - for over 30 years and don't need the Government to tell me how to do it. I fully understand the risks of leveraged and inverse funds and us them diligently as part of a balanced portfolio. I do not need additional regulation imposed on me. In fact, it is my current positions in leveraged inverse funds that is protecting me in the market right now! I'm short and making the money that off-sets the loses from the stogy investments you are trying to limit me too.
I understand and have been trading leveraged funds for a few years and do not need to have the rules changed years after making it available to me. The leverage is not anywhere near the leverage on options and these do not expire like options do.
I am writing in strong opposition to this proposed rule. I and my advisors should be the ones to determine if investments are right for me, NOT the government regulators. I also should not have to pass a test before investing in public securities. I understand full well the risks and rewards of leveraged and inverse funds, and it is not up to the government to suggest or tell me otherwise. The Biden administration is choking businesses of all types with new regulations and reinstatement of bad policies from years ago.
This possible new regulation makes no sense as you already have to be approved by many brokers to invest in leveraged funds. This seems like a new way to limit the possible returns an investor can make, as well as cater to more institutional investors rather than individuals.
I am writing to oppose restrictions on my right to invest in leveraged and inverse funds. I use such funds as protection for my portfolio. I, not regulators, should be able to choose the public investments that serve my investment intentions. There is plenty of opportunity for individual investors to gain understanding of individual investments and their risks.