Dear Regulators,
Please dont put more limitations on my ability to buy the funds. Leveraged and inverse funds are so important to my investment strategies when the stock market is going down like right now. I should be able to choose the funds and the manner to invest.
Thank you.
Investing in stocks, real estate and any other legally available forms should not be restricted to retail investors only. The individual should be restricting his/her own according to his risk and benefit. If the government limits the access to leveraged and inverse funds to only the retail investors, it creates an unfair field,
Leveraged funds are better than buying stocks on margin. I understand the risks and shouldn't be punished. Additionally, having leveraged funds acts as a hedge against some trades. If you want to police the market, ban options trading which is far more intricate and can empty an account in hours.
Given the horrible performance of the stock and bond markets this year, it is incredible that the government would attempt to limit, or make more difficult, access to products that can be used to hedge positions. This sends a clear message that individual investors are disadvantaged relative to large, politically powerful market players. This is a terrible idea.
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 have used inverse and leveraged stocks for many years to help keep me afloat in down markets. There should be no idiotic process to determine my ability to invest in them. I, not you, should be able to choose which public investments are right for me and my family. And not just the privileged few!
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!
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Effective August 1, 1989, the requirement to report daily price and volume in non-NASDAQ over-the-counter equity securities ("non-NASDAQ securities") pursuant to Schedule H to the NASD By-Laws was extended to the entire
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