Robert Eiben Comment On Regulatory Notice 22-08
As an American and a Veteran who loves the freedom to buy and sell securities and Crypto currencies, I oppose any restrictions on my ability to do so.
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As an American and a Veteran who loves the freedom to buy and sell securities and Crypto currencies, I oppose any restrictions on my ability to do so.
I have used leveraged and inverse funds for years without problems. I can understand the desire to provide increased protection for the retail investor, but that could be handled by using the existing system of trading levels that brokerage houses use to limit trading in options and futures. I would think that it would be appropriate to require investors desiring to purchase these ETFs to be at the trading level required for the lowest level to buy put and call options. That way they are required to have read the numerous documents outlining the risks involved.
Time and again you try to pass regulations while pretending to be doing it to protect our investments. We do our own research before investing. There are enough disclosures about the risk we are taking. Instead of focusing on regulating valid investments you should focus on naked short sellers that are destroying our wealth.
I can understand looking at the leveraged ETFs, because they can be dangerous, although for me hedging my portfolio with the inverse leveraged ETFs is inexpensive and effective, and I don't need to buy puts. But the inverse (non-leveraged) ETFs are crucial for hedging. I can't understand why you would take those instruments away from investors.
I want my financial advisor ro make purchases he deems proper for me and my family. We don't need more government interference.
I DO NOT WANT IT! My voted representative are the only ones to make these changes. AND I WOULD NOT VOTE THEM IN! My Brokerage House screened me on experience And rejected most of my friends for lack of experience. These investments Are In a category similar to gambling, vacation funds, sports equipment, boating with a possibility of enhanced returns.
I strongly oppose this measure of controlling investor activities related to "complex products". FINRA shouldn't be stepping on people's toes and trying to tell them where they can and cannot invest. It should be up to individual investors to educate themselves and decide. Instead FINRA can provide the means and encouragement for related education.
Sincerely,
Nirmal Gandhi
Really? Dude come on keep taking away our freedoms and there are going to be a lot of problems.
Dear Officer,
As a retail individual investor I found that the leveraged ETFs enhances our ability to have more returns with acceptable risk. Although it can lead to losses in downturns and choppy market conditions, overall I find it a useful tool for parts of the portfolio. I request you to not take them away from us as it will lead to more asymmetrical privileges for people who already have more sophisticated tools.
Having some portion of the leveraged/inverse funds helps make the investment more diverse.