I oppose the restrictions to my right to invest. The proper use of leveraged products is a key part of my financial plan. I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs which I have used successfully for several years. These funds are important to me as they improve my performance over the long term. I am not engaged in reckless trading, and I understand the effect of daily magnification of an indexs price movement. I use this magnification to my advantage.
I do not want a third party evaluating my capability of managing these funds, and certainly do not want one preventing me from buying them. If leveraged funds are restricted to only accredited or wealthy investors, the wealth gap in the country will increase as the rich get richer in sophisticated products while everybody else languishes in plain old index funds.
Please keep leveraged funds available to all investors.
Pietro Perrone Comment On Regulatory Notice 22-08
Hello,
I oppose the restrictions to my right to invest. The proper use of leveraged products is a key part of my financial plan. I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs which I have used successfully for several years. These funds are important to me as they improve my performance over the long term. I am not engaged in reckless trading, and I understand the effect of daily magnification of an indexs price movement. I use this magnification to my advantage.
I do not want a third party evaluating my capability of managing these funds, and certainly do not want one preventing me from buying them. If leveraged funds are restricted to only accredited or wealthy investors, the wealth gap in the country will increase as the rich get richer in sophisticated products while everybody else languishes in plain old index funds.
Please keep leveraged funds available to all investors.