To FINRA Regulators,
Please do not infringe upon my right to invest my money as I see fit. Any benefits or losses from my investments into any inverse funds such as the ProShares Trust Ultra VIX Short Term Futures (UVXY), should be solely my responsibility.
Please do not impose any more regulations on these types of investments.
Thank You,
Ho Kim
Palmdale, California
I oppose of the regulations because I think that gives me more opportunity to invest.
I wish to make my opinion know that I oppose any restrictions on my ability to trade leverage and inverse funds offered by ProShares. As a retired individual, I rely in no small way on my ability to trade these assets to great supplement my retirement savings. Any restrictions levied upon my ability to trade in these assets will great impair my ability to financially provide for my family's
Taking the rights of investors away, to choose their investments regardless of how risky or silly they may be perceived to be, really runs contrary to the goals of free markets. Yes, put warning and red flags in place to warn potential investors that certain funds are very risky, but do not restrict our ability to choose the amounts of risk we take in our individual portfolios.
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 do not need regulators to protect me from myself, and I should continue to be allowed to invest the money I earn in publicly traded Leveraged and Inverse funds. These investment vehicles are already approved for trading by the SEC, and I already receive "warnings" about their potential risks when I chose to trade them. Requiring me to "prove" I am worthy to trade them is a
I am strongly against SEC Proposed Rule # S7-24-15. Individual Investors such as I need to have a tool such as these leveraged products in order to be able to compete with the big boys.
I am opposed to you limiting the investments I can invest in. I have a masters degree in Finance and have been managing my own money for 24 years. I should not have to pass a test or demonstrate high net worth to be able to invest in leveraged or inverse ETFs. I know full well the risks involved and I use leveraged ETFs as a vital part of my overall investment strategy. These types of investments
Gentlemen: Do not close the very valuable tool of leveraged ETFs. They are useful in all kinds of hedgeing and investment strategies. They are also a terrific balancing tool in tamping down wild swings in the markets. Respectfully, Tom Watts, Nstaragdiesaples, Fl.
