Nestor Sevilla Comment On Regulatory Notice 22-08
I wish to retain my current freedom to invest in public securities of my choice.
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I wish to retain my current freedom to invest in public securities of my choice.
Comments: All investing involves risk. Stocks, Bonds, Mutual Funds, ETFs, Commodities, Currencies. Imposing sanctions, regulations on a specific sector or industry that market "complex products" is arbitrary, biased and prejudiced when not imposing the same sanctions, regulations on other risk assets as Stocks, Bonds, Mutual Funds, ETFs, commodities, etc. Those who market these "complex Products" have done their part in providing notice of the risks involved conspicuously displayed on their websites.
I want to write in and let whoever is considering this rule change to know that as a retail investor I am fully aware of the risks that I take by investing in securities.
Please do not eliminate leveraged ETF products. I have made good money investing in them.
I am writing as a free American who works hard for his money and is able to make his own decisions on what to with his money. I am very capable of doing my own research and to think on my own. I do not in any way need you protecting me from my self my actions are mine to own good or bad. If no one failed we wouldn't know success. Please allow us to think and invest how we please. When I think of a free America it does not include restrictions to make the game harder for some. The rules should be the same for everyone.
Comments: The education around the risks of these products has been openly communicated to me and other investors. Investing in any of these products is the sole risk of the investor. Many want to stay away from them. For me, it provides a great opportunity for my investment goals. These products cater to a unique need in the market and preventing anyone with those investment goals from accessing these products is a great disservice to their financial future.
We should be heard.
There are a number of "complex" investment instruments available to the public which enhance ones ability to manage investment risk (which has been very beneficial today with the major indexes down 15-20% for the year). These tools are advantageous and are no more difficult to understand or risky then other investment instruments (i.e. options, industry and specialized ETF's, crypto currencies, high yield bonds, small cap growth stocks, etc.). Placing additional burdens on investors to utilize leveraged and inverse funds to me seems misguided and aberrant.
I have an investment/finance degree and have managed investments for numerous years including stocks, bonds, options, futures contracts, etfs, leveraged etfs and inverse leveraged etfs. I do understand risks involved with leveraged and inverse funds and accept those risks. By limiting investment transactions through this regulation WILL take away market efficiency. By taking away market efficiency, asset valuations will go to more extreme (high or low) levels before retracing back to a correct valuation at that moment in time. I am against this regulation!
I am extremely concerned about the threat to my freedom with regards to my investments. I am fully aware of the risks involved in the leveraged funds I choose. I do not need intervention of the government to make decisions for me and my family. I need to make investment decisions to hedge my finances against the governments decisions. For example, the current administration's policy on energy has created excessive fuel and gas prices. My proshares investment has allowed me to continue to afford to put gas in my car and heat my home.