Dear Sirs, I'm sure you think you're doing a great thing invoking the protection of Morons Act but that's Wall Street, hate to tell you and every Americans has a right to trade well or trade badly. That's his or her choice as a citizen.Ive lost and gained thousands as a small player myself to 3x's ETFs mainly because you and the Fed weren't being honest about the
Investors such as myself should be able to invest in leveraged funds without needing special processes or tests. Leveraged funds should be available to public regardless of education or net worth. Leveraged funds are far more safe investment vehicles when compared to stock options or cryptocurrency.
Leveraged ETFs are among the safest and least complex ways for a small personal investor to hedge and/or take on more risk; other options, such as investing in particular individual stocks to micromanage the risk in your positions is much more error prone for the average small investor in comparison.
These Investments were considered when they came out as just that .. INVESTMENTS . To take them away from traders like me and many others would be SCANDELOUS . Traders that purchase them know Full Well that there is just as much Risk in them as there is by purchasing a Stock like Boeing .
As a small individual investor I frequently use leveraged and/or inverse funds. I have for years and am aware of the additional risk involved in using such investment vehicles. Usually I use these funds to take advantage of short term market trends. To suggest that some special knowledge, other than reading the prospectus, is absurd. And implementing a net worth requirement will ultimately
A. Its my right to make choices of my own investments
B. I started buying securities since 1973 . I have enough experience to make investment decisions.
C. The stocks securities I am holding represent own 5% of my total assets
D. I should not be subject to any investment restrictions
For 10 years, I have held ProShares Ultra-pro short and Pro-short Funds. If you disallow investors from buying these funds, the value of these funds will evaporate since very few will be buying them. So I won't be able to sell them. I will lose everything. I appreciate your intentions and agree with them to some extent, but a sudden drastic refusal to let them be traded will severly
I understand the leveraged and inverse investments that I choose to invest in. These ETFs make it possible for the little guy to avail themselves of investing strategies that would otherwise only be available to privileged individuals with resources I can only dream of. Recently I have been able to take advantage of rising interest rates through the use of treasury short ETFs. It's
This rule is a bad rule because it takes away another freedom and choice for us.
I want to be able to choose my investments!
I shouldnt have to go through paperwork and regulations!
I know and understand the risks!
I ve been in the stock melt now for 2 years and I understand a lot about it!
I am very much opposed to restrictions on investing in leveraged and inverse funds. These funds are the average investor's only way to protect himself/herself in market downturns. An individual's potential losses in these funds are limited to the amount of the investment made as opposed to actual shorting of securities where losses can be far greater than the investment made
