Leveraged ETFs are an extremely important part of my long-term investment in my taxable accounts and also IRA accounts. Please don't arbitrarily dictate what we can invest and what we can't. You will disrupt our retirement plans and perhaps we should sue the authority for the adverse actions.
I oppose restrictions to my right to invest in what I choose and why I choose it. I choose to invest in leveraged and inverse funds and have for several years as its a minor portion of my investing plan to offset smaller growth stocks. It seems unfair to put restrictions on my investing actions at this point in my investing.
I am firmly against the proposed changes to limit access to and actions on leveraged and inverse funds. For myself and others like me, they are a legitimate, useful, and profitable investing vehicle that form a significant portion of my short term investing strategy. Respectfully, I am asking that you do not over regulate where it is not needed.
The proposed legislation is vague to the point where it allows fairly unhindered interference by regulators in the market, and fundamentally skews it against the private individual investor. This is an action which will directly contribute to economic and other inequities, for which future generations will hold this administration responsible, regardless of what rhetoric it chooses to dress its
Comments: we the people do not need to be protected from ourselves. Limiting access based on high net worth intentionally separates the haves from the have nots and further increases between the 99% and the 1%. This is an un-american course of action and should be struck down immediately, in addition to all other restrictions to avenues of investments.
I consider this regulatory notice an undemocratic and unfair development that is an attack on the working class.
The inherent risk in investing in leveraged ETFs is super low relative to the alternatives of buying options or buying shares on margin, which this action would likely push investors toward.
If the regulatory notice were to pass, I will be writing to my government representative.
I strongly object to any FIRNA curbs on my ownership of "complex" public exchange traded Products, when the vendor has made adequate disclosure of the product's operation and risks. There are far more useful actions that FIRNA can take in other areas to protect investors, eg. SPACs, private equity marketing, etc.
Why would you even consider this action. With all of the other investment options on the market Leverage & Inverse funds are the last thing you need to worry about. If you allow options that provide the ability for a person to loss an "unlimited" amount why would you even consider changing Leverages and Inverse funds?
There are no restrictions needed, or wanted on investment trading. As an investor, I am capable of making my own investment decisions and neither need, or want an organization making decisions for me. Leveraged and inverse funds are important in my investment strategies. Please reconsider any action taken or proposed that would impede my investment decisions.
