Jeremiah Haremza Comment On Regulatory Notice 22-08
Jeremiah Haremza
N/A
I am disappointed in the possible restrictions that Rule #S7-24-15 would impose upon myself and other retail investors. Both leveraged and inverse funds, while not my sole investment, do hold an important place in my overall investment strategy. I have put time and effort into researching and selecting the funds I currently hold in my investment portfolio. This includes back-testing and comparing rival and similar strategies and investments. I understand the possible risks including volatility of the leveraged and inverse funds I have chosen. I have reviewed the historical max draw downs over time to help understand how market changes could impact the value of my portfolio. I believe in freedom of choice and self-direction. However, I do concurrently believe in self-responsibility and one's responsibility to society as a whole. I believe that an individual should make their own responsible choices including those related to investments. Governments sole responsibility is to protect its citizens from others - individuals and institutions - attempting to do them harm. As these security types do not exist for the purpose of financial harm, the government has no right to restrict its citizens access to these securities. This proposed rule only restricts access in such a way that the end consequence will be for the "rich to get richer and the poor poorer." High net worth and institutional investors will not be restricted from accessing leveraged and inverse funds. The public markets must always be for the public and not solely for the elite. Otherwise you will be withdrawing the American Dream only to substitute it with a Russian Oligarchy. Based on the brief reasons above I am vehemently opposed to SEC Proposed Rule #S7-24-15.
Jeremiah Haremza Comment On Regulatory Notice 22-08
I am disappointed in the possible restrictions that Rule #S7-24-15 would impose upon myself and other retail investors. Both leveraged and inverse funds, while not my sole investment, do hold an important place in my overall investment strategy. I have put time and effort into researching and selecting the funds I currently hold in my investment portfolio. This includes back-testing and comparing rival and similar strategies and investments. I understand the possible risks including volatility of the leveraged and inverse funds I have chosen. I have reviewed the historical max draw downs over time to help understand how market changes could impact the value of my portfolio. I believe in freedom of choice and self-direction. However, I do concurrently believe in self-responsibility and one's responsibility to society as a whole. I believe that an individual should make their own responsible choices including those related to investments. Governments sole responsibility is to protect its citizens from others - individuals and institutions - attempting to do them harm. As these security types do not exist for the purpose of financial harm, the government has no right to restrict its citizens access to these securities. This proposed rule only restricts access in such a way that the end consequence will be for the "rich to get richer and the poor poorer." High net worth and institutional investors will not be restricted from accessing leveraged and inverse funds. The public markets must always be for the public and not solely for the elite. Otherwise you will be withdrawing the American Dream only to substitute it with a Russian Oligarchy. Based on the brief reasons above I am vehemently opposed to SEC Proposed Rule #S7-24-15.