Stephen Mims Comment On Regulatory Notice 22-08
Please do not take away my ability to purchase 2x and 3x Proshare funds. I use them to increase my risk, but at the same time doing it across a broad range of securities (e.g. Russell 2000).
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Please do not take away my ability to purchase 2x and 3x Proshare funds. I use them to increase my risk, but at the same time doing it across a broad range of securities (e.g. Russell 2000).
This is just another example of 'Big Brother' trying to run my life. I thought this was a free country, not a communist country. Everyone should be able to make their own investment decisions. If they end up losing money, so be it. At least the Wall Street fat cats aren't getting any richer off us poor individual investors.
I would like to maintain my current freedom to invest in public securities of my choosing without regulations restricting me.
I am an individual investor and I understand the risk associated with leveraged ETFs. I should be allowed to make decision regarding investments, without paternalistic restrictions.
Limiting access to investment vehicles (such as leveraged ETFs) puts retail investors at a disadvantage, relative to institutional investors.
Please allow the use of these vehicles to retail investors. I use the TBT fund to hedge bond holdings. It saved me from considerable losses during the latest bond sell-off