Sarra Murray Comment On Regulatory Notice 22-08
We should be able to do what ever you want to go do
We should be able to do what ever you want to go do
I am opposed to restricting my right to invest in leveraged and inverse funds (used to hedge other funds)
All people have a right to invest!!!!
I should have every right to invest my assets in any way that I chose, not by anyone or any organization.
I have been investing in equity markets for over 50 year. These investments are a small amount of my total equity and I limit to only investing in options so I know exactly what my worse case scenario is. No margin calls. Plus my total cash invested of my own money is never more than $2000. average per month. Most quarter a lot less. It would be a shame if I lost the opportunity to invest in these manages funds because I don't have the time to do so on my own.
I oppose restrictions to my ability to invest in leveraged funds. Each investor should have the ability to invest their money as they see fit and take risks they can tolerate. I fully understand leveraged investments and use they frequently to boost returns against rising inflation. Restricting access to leveraged ETFs only helps large powerful brokers and undermines the average investors ability to maximize their earning potential.
We 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 run a systematic quarterly rebalancing plan that is powered by leveraged ETFs. I know what I am doing. The proper use of these leveraged products is a key part of my financial plan.
These funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification of an indexs price movement, and I use this magnification to my advantage.
I do not want a third party evaluating my capability of managing these funds, and certainly do not want one preventing me from buying them.
It is unfair to place restrictions on lay people. Let us continue to have the ability to control our investments.We can evaluate our own risk levels.
I appreciate if you do not restrict me from buying ProShares
Thank You!