I'm writing to let you know that I vehemently oppose this regulatory proposal for the following reasons.
1. I use leveraged and inverse ETF's regularly in order to manage and reduce risk in my investment. These ETF's allow me to hedge against market risk, and therefore are a very important part of my portfolio.
2. These public investment securities should be available
Comments: we don't mind trading the complex instrument
We should be able to choose!!!!!
Please leave things alone.
Please do not restrict my ability to invest in funds and products of my choosing. Your added restrictions based on the arbitrary categorization of "Complex Products" will only further disadvantage individual investors and benefit large investment firms, like pretty much every other regulation you put forth.
No restrictions on trading anything! It is not government's job to worry about people losing money in trading/investing.
Public securities should be what they say they are 'Public'. Our country was created around the premise everyone is equal. People are intelligent enough to make up their own minds . It is an insult and affront to think public investment requires special precepts. Shameful and discriminatory.
Leveraged and inverse funds are important to my investment strategy. It is my choice to invest in these types of funds and should not be determined by regulators. Please leave these funds as is.
I, not you regulators, should be able to make my own decision as to what investment vehicles are right for me to own. I do not need or want to go through any special process, like reading material and/or passing tests before I can invest in special public securities, like leverage and inverse funds. Besides, the timing of these leveraged funds can be critical. Then is NOT the time to have to stop
I oppose restrictions to my right to invest. I not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before you can invest in public securities, including cryptocurrency funds such as BITO
