Eric K Comment On Regulatory Notice 22-08
There are plenty of disclaimers for investing in risky assets and instruments. Additional regulation is not required in this arena.
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There are plenty of disclaimers for investing in risky assets and instruments. Additional regulation is not required in this arena.
The government should not and does not need to protect investors by limiting the ability to hedge risk. In fact taking away the ability to hedge risk creates a more perilous environment. I strongly disagree with any limits or gates being established by the government to help people save them from themselves.
please do not pass this restriction on my right to invest in the securities of my choosing. I wish to have the right to freely access to public securities markets without arbitrary restictions. Marty Dalton
On second thought, I think FINRA is doing a great job by limiting usage of these highly risky products which many investors lose money on. Bar should be set higher so folks can use these investment vehicles after proper training.
If you look at my investments over the last 2 decades, through bear and bull markets, you will see that my leveraged ETFs have far outperformed my other investments. I would be much worse off if I was unable to buy these ETFs. Please, no changes necessary.
Regarding Notice #22-08. As an investor I responsibly use leveraged ETFs as an investment strategy balancing different asset classes for long term growth. I'm well aware of the large fluctuations and it's a non-issue because I'm educated on the way the ETF works. It would be highly restrictive for the SEC or Finra to remove an option that individuals can and do use correctly as intended.
Please do not remove the ability for me to trade leveraged funds. I am aware of the risks involved and am willing to take those risks for the potential gains. I shouldn't have to pass a test or have a certain amount of money or go through any other process to be able to trade these funds. I do not need the government to tell me how to do my investing! Thank you.
I am fully aware of the risks I take with my investments. I do not need the Government to protect me from myself. DO NOT REMOVE 3X BULL/BEAR ETS's FROM THE INVESTMENT CHOICES!!!!