I am a dentist and experienced trader. I beleive firmly in my autonomy and select complex investments with their inherent risks. These leveraged funds are an essential compoonent of my well managed portfolio and my ability to meet my long term goals will be hobbled by regulations such as the ones proposed.
Please avoid regulating these asset classes in the manner proposed.
Dear Elected officials of the citizens of the United States. I think investors and not the regulators know what's best for us. Investment products like " BITO " give us a chance to diversify our investments. With the money printing going on in Washington, I think this product will serve me well. Please let me make a choice with my money.
If regulators were truly concerned with retail investors well being there would be actual transparency when it comes to dark pools. There would be jail time for breaking the law, not fines that are rolled into the cost of doing business.
Dont worry about me and my money. Go after the financial terrorists that manipulate the stock market daily.
I do not support these changes. I should not need approval from my bank to make an investment. These rules are ridiculous! I consult with a financial advisor from a well known institution. These investment tools are risky, but I feel they are unique and productive. They are made up of reputable companies. Regulators should be more concerned about crypto. A real pyramid system.
I support this proposal. I believe enhancing the short interest reporting methods can help put an end to market manipulation, and can help prevent illegal activity as well.
Regulatory ObligationsSEA Rule 15c3-3 (Customer Protection Rule) imposes requirements on firms that are designed to protect customer funds and securities. Firms are obligated to maintain custody of customers’ fully paid and excess margin securities and safeguard customer funds. Firms satisfy these requirements by keeping customer funds in a special reserve bank account and by maintaining customer
Comments:Why do you propose new rules when these are just fine? They give access to profits, previously only available in much higher risk commodity futures trading. Do you propose to limit that too? The risk and rewards are made abundantly clear, as they are stated in the prospectus. Just leave well enough alone. Ty.
Over regulation is hurting not only Stock Brokers ,it is hurting Insurance Agents as well. Regulators should not be able to kill an industry just so they can justify their jobs. With Fixed Index Annuities the suitability forms and requirements are beyond reason, and have killed millions of dollars worth of sales, and hurt millions of agents and potential customers.
I appreciate the ability to sometimes purchase leveraged or inverse funds as it as an alternative to using options, especially in times of volatility when the IV of the underlying makes options too expensive. During the start of the pandemic I purchased some inverse leveraged funds as a way to cushion my portfolio. It worked well, and I would not want that ability taken away.
I am totally opposed to restrictions on purchases of leveraged funds as well as shorting. Stock holders should have the ability to choose what they wish to purchase. This should not be left us to regulators. Public investments should be available to all of the public, NOT just the privileged. Leveraged and inverse funds are important and should be a part of my investment strategies.
