Michael Cosgrove Comment On Regulatory Notice 22-08
Michael Cosgrove
N/A
Good morning, It is my understanding that there are proposed restrictions on individuals using leveraged and inverse ETFs investment instruments. My use of ETFs offer me diversity, liquidity and income. The ETFs invest in a large number of stock which spread risk. The active ones also trade millions of shares per day which offer the ability to sell shares quickly and because of their volume the spread between bid and ask is very narrow. With the criteria I now use in trading I have a more frequent stream of income; not having to wait three months for dividend to arrive as is the case with the majority of my investments. My investment strategy for ETFs involves a small percentage of my investments with limited positions using conditional exit instructions. I am capable of making my own decisions about risk limiting my allocations and using prudent exit strategies. I do not need additional government restriction on my life and livelihood. I strongly encourage you to abandon implementing additional restriction on the trading of ETFs as proposed.
Michael Cosgrove Comment On Regulatory Notice 22-08
Good morning, It is my understanding that there are proposed restrictions on individuals using leveraged and inverse ETFs investment instruments. My use of ETFs offer me diversity, liquidity and income. The ETFs invest in a large number of stock which spread risk. The active ones also trade millions of shares per day which offer the ability to sell shares quickly and because of their volume the spread between bid and ask is very narrow. With the criteria I now use in trading I have a more frequent stream of income; not having to wait three months for dividend to arrive as is the case with the majority of my investments. My investment strategy for ETFs involves a small percentage of my investments with limited positions using conditional exit instructions. I am capable of making my own decisions about risk limiting my allocations and using prudent exit strategies. I do not need additional government restriction on my life and livelihood. I strongly encourage you to abandon implementing additional restriction on the trading of ETFs as proposed.