Chakradhar Voleti Comment On Regulatory Notice 22-08
Please do not have limitations to trade pro shares
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Please do not have limitations to trade pro shares
A license to sell leveraged ETFs, and specifically inverse ETF's, is a license to steal. Period. It should be a requirement that any designed financial instrument show in the prospectus how an investor may actually make money not just the risks of loosing it. Take TVIX, a long term chart shows in 2011 the price was 2,235,849,984, today its value is $112 dollars. A loosing investment start to finish, if you bought. They say it's a short term vehicle. But to be one there has to be some predictable relationship to something, anything, that could indicate an opportunity to buy.
The ability to freely invest should be held as the highest priority of any regulation. I oppose limitations on the ability to buy "complex products".
As an individual we should have the right to exercise the daily leveraged and intervein ETF'S in our own portfolios as we are aware of the risk. We have a strong understanding of the characteristics and risks L & T funds etc. That we are monitoring the L & T funds. My brokerage firm provider us with the warning risks that is associated with L & T funds and other complex products.
Hello, I started investing in crypto a few months ago as a way to improve my finances. What I invest in should be my choice, not anyone else's.
I also do not need to take a government regulated test to determine if I qualify to invest in something. I am using crypto to improve my long term finances and that of my family, to break the cycle of poverty in my family.
I know many, many folks who are doing the same thing. Don't take that away from us. Let us make our own choices, and our own mistakes.
I invest in leveraged etfs all the time and I'm fully aware of the risk involved it would be an injustice to remove my ability to use this investment vehicle thank-you
Don't handicap the smaller investor, [REDACTED]!!! I want the same tools the corporation have. We have been taken advantage of for so many years.
regarding FINRA's notice #22-08 for comments about investors buying certain complex products, I comment that my access to leverage and inverse products is appropriate and has provided positive returns using a daily trading basis. I sign an agreement with my brokerage firm each year stating that I understand the risks involved when trading such products.I have a bachelors degree in mathematics and a cpa certificate.I do not think that my access to leverage and inverse products should be restricted.
I oppose limitations imposed by this change. Leveraged and inverse funds should be available freely as publicly traded instruments. They form an important part of my investment and existing disclosures are sufficient for me to understand risks associated with these instruments. The imposed restrictions will significantly impact liquidity associated with the trades.
These securities should be left as publicly traded like they are now.
Taking away our right to invest is one of the dumbest things you can do, it shows that you are just trying to keep the poor, poor.