This is clear government overreach. I am well educated (PhD in physics) and have served the government for most of my career. As a public servant, I did not have a high income, but I managed to build wealth using, among other tools, leveraged and inverse funds. DO NOT TAKE THIS FROM ME!! PLEASE
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.
Please leave are investment options well enough alone. Being allowed to trade freely with our own decisions is a freedom that American's enjoy. Forcing people to go to brokers will make them "broker" and add undo complications. Leave government control of an individual investors money out of the equation.
The ability to freely buy inverse funds is absolutely crucial for investors, as they are among the best things that can protect against a down market. It's a given that ALL investments have risks, and many investors, including myself are well aware of the risks we CHOOSE to take. I strongly OPPOSE these restrictions.
I am an informed and educated retail investor and i make investments in leveraged ETFs that are indexed to various sectors to hedge risk. I need this ability and it is my right to invest as i see fit for my success. I believe investments tied to sector indices are no more riskier than individual stocks which i invest in as well.
I want to maintain my current freedom to invest in public securities of my choosing.(SQQQ)
I understand well leveraged and inverse funds and their risks. I have capable to invest leveraged and inverse funds. I do not need these imposed measures. I oppose those restrictions on my right to invest.
Thank you very much.
I have held and trade the leveraged Proshares such as TQQQ and UPRO since 2009. They have been important investment vehicle for me and my family. To restrict my right to trade such ETFs is going to great harm to my financial well being. I urge the regulators not to restrict my right to trade these ETFs.
Im a normal citizen with a professional job and consider myself an average but informed investor. My investment plan is focused on long term gains and uses leveraged funds to do that. I follow a systematic investment program that uses safety switches and signals to reduce exposure to leveraged funds while also maximizing the benefit leveraged funds provide in the long term.
Im more than
Please let me keep my right to invest the best way I see fit for myself. I understand the risks of leveraged funds and options as well, trading funds like these has given me hope to a bright future. Thank you for your time.
very truly yours
Andrew Deger
I need to access commodity funds, emerging market funds, and cryptocurrency funds as the alternative investment in my IRA account. These investment vehicles have been working so well in the downtrend of the stock market. In such a high inflation rate environment, these alternative funds are the critical investment opportunity in the long-term investment strategy.
