Dear Regulators,
These leveraged and inverse funds are important part of my investment strategies. It helps me hedge my portfolio during market downtimes. I am aware of the risks involved. Any restriction around buying and selling will significantly harm my existing positions in these funds.
In fact, what we need is better supervision to eliminate any manipulations.
Comments: I think providers of leverage and index funds are doing a fantastic job warning about the risks. Instead of handcuffing us with this ruling, perhaps make the training and certification more rigorous? Better idea, how about you stop Congress from being able to have unfair trading practices before you start interrupting the retail investor?
VANGUARD STOPPED LEVERAGED ETF IN 2019 SO HAVE TO BEEN A HOLD INVESTOR OF SHARE I HAD OWN AT THAT TIME AT THE TIME PURCHASE SPXL WAS LESS 3% OF MY NET WEALTH SENSE DAY OF PURCHASE SPXL IS UP ABOUT 153 % SPY IS ONLY UP 59% BETTER OFF INVESTING 19000.00 SPXL THAN 57000.00 IN SPY IN DOLLAR GAINS
Comments: The problem is not the product, it is the breadth of knowledge of the solicitor. FINRA enforcement of the solicitor is more important and a better use of time and resources than restricting use of the product. There is no more complex product than indexed annuities and its numerous moving parts, possibly the most oversold by the most uninformed of all products available to the consumer
I use leveraged inverse funds to hedge my portfolio during times of market turbulence. This means I eliminate volatility from my portfolio during volatile times. I am able to do this with leveraged funds and reduce the amount of margin I may need to use since the fund is leveraged at a better rate. Please let investors make this decision for themselves.
I strongly oppose restrictions to my right to invest in any public investment, especially the leveraged index funds, that are particularly right and most suitable for me.
I am a retired Ph.D. Physicist who are good in math and has accumulated more than 40 years of experience in managing my own funds.
Among all available ETF funds which I have mostly invested in, I have found the 3x leveraged ETF
The checks and balances are already in place. The prospectus' already make clear what the risk of leveraged investment or inverse investment tools are. The clearing brokers also ask the right questions before trading in these tools is allowed. The losses suffered by small investors who do not understand the risks they take are a just prize for ignorance. Nothing trains the
Dark pools need to be eliminated and naked shorts are ILLEGAL but are still an ongoing practice among hedge funds. SSR needs to also be enforced much better. The hedge funds are able to do whatever they want and don't get punished for their actions. SEC, please step up and stop illegal practices and be more transparent in regards to stock market information.
Why dont you go and regulate all the corruption in the governing industry? Leave the people alone and let them make some money for crying out loud sheesh! This just like the vape industry, the people get something that is good or better for them and you [REDACTED] step in and try and control it. Leave the people alone because there are more of us than there are of you! LOL!
I need these inverse ETFs to properly run my personal portfollio. If these funds go away, the only way I can manage my retirement accounts is to buy put options that expire and carry a lot more risk than just a simple inverse ETF. I also like having the leverage. It allows me to add only a fraction of the risk associated with options with better results.
