Please do NOT make any regulations or changes to the ways leveraged funds are traded. Especially with the recent downturn of the stock market, you would take away people's chances to recover from the recent downfall, and regulations would cost individuals thousands, if not hundreds of thousands of dollars, per person.
Comments: I purchased $80,000 of FAS in a client account prior to Wells banning it in 2008. We did not trade the position and recently sold it for $1,000,000. The position was paid for in full and not leverage. It beat holding individual bank stocks, by triple. Leveraged funds if used conservatively fulfill a need. Keep them.
I do not want you to regulate further my right to purchase stocks, bonds, nor bitcoin on my own accord. I am smart enough to do the research. To regulate THIS would be like regulating people's abiliry to play the lotto, expecting them to take courses about the poor odds!
I have made over $700,000 investing in inverse and ultra funds over the last two years. I'm a highly educated investor and use the Elliott wave methodology to invest. I'm retired and have no other source of income. I couldn't make this type of return if I invested in individual stocks and bonds. In a down market, which we are in currently, I use inverse funds to make
Dear Sirs,
I have been investing in leveraged securities since 1979 and have never had a margin call. For 20 years, I traded commodities on the Chicago Futures Exchange and held a full-time job as a construction Teamster. I counsel people to not do that. I just wish to make the point that I know how to safely handle leverage, and don't need a hand-holder. I do my own research, having
Please do not restrict my rights to choose what I invest in. Any publicly traded stock should be just that. Public. If I want to buy it I should not have to pass any kind of test. I am just as smart as any regulator and am able to make my own investing decisions.
There are plenty of warnings regarding the use of leverage with stock market investing. As a manager and individual investor, the disclosure and disclaimer hoops are already plentiful. This issue is less significant than the investor confusion created by dual licensing of brokers as RIA reps and Series 7 agents. The BIC rules didn't reduce the confusion.
I'm shocked and appalled at the idea of this. Why is it that the powers that be never fail at trying to crush the little guy? When I received notification from my Broker I had to call to verify because I just knew it was a scam to get my info. Is this not AMERICA? Let me tell you a little about me. I'm a High School dropout. I always wanted to be a rock star so my studies
This is an overreach by regulatory powers.
As retail participants in the stock market, we are already having to compete with large institutions and automated algorithms.
Having ability to use inverse and leveraged instruments is one of the few ways we can level the playing field.
Please do not make these instruments inaccessible to ordinary people.
As a layman, I find the practice of share lending to be disappointing. Many people trust their brokers and relevant institutions to act in ways that aren't detrimental to their portfolio. Lending shares (even from ETFs) to satisfy the borrowing needs of short sellers? This needs to end. Retail's confidence in US capital markets has all but evaporated at this point. So really, things
