I read with concern the notice from Ameritrade that there is pending regulation on my ability to self-direct my investments in my company's 401k plan into leverage ETF funds. For the life of me, I cannot think why this proposed restriction would be necessary. Self-directed investors are well aware of the risks involved with any sort of investment and should be free to take additional risk with the possibility of additional reward, particularly since it does not involve any other investors in any kind of pooled account. Please reconsider any restrictions on these types of investments in leveraged exchange-traded funds. It would severely impair the ability of some more advanced and aggressive investors to pursue the returns that they seek.
Dr. Wise Comment On Regulatory Notice 22-08
I read with concern the notice from Ameritrade that there is pending regulation on my ability to self-direct my investments in my company's 401k plan into leverage ETF funds. For the life of me, I cannot think why this proposed restriction would be necessary. Self-directed investors are well aware of the risks involved with any sort of investment and should be free to take additional risk with the possibility of additional reward, particularly since it does not involve any other investors in any kind of pooled account. Please reconsider any restrictions on these types of investments in leveraged exchange-traded funds. It would severely impair the ability of some more advanced and aggressive investors to pursue the returns that they seek.