I agree with all your suggestions more transparency is definitely needed in this so called "free market". Instead of every two weeks why not daily or weekly. As a foreign investor the US market has a lot of issues that can be fixed with stricter follow ups on trades that happen.
Comments: Leveraged ETFs and inversely leveraged ETFs are not easily obtainable by novice and beginner investors. I request that Federal intervention not be invoked. Its my experience that investors have to submit special acknowledgement of the risk prior to be able to trade Leveraged/Inversely leveraged ETFs. "All" websearches already discourage their use. Again I personally
The government including any person working for said government needs to stay out of our private or public trading decisions. Overstepping by making a test for low IQ people is not how you make people feel like they matter. I am the only one that can decide what I want to invest in.
Stop trying to control every person in the US.
Regulations, can be made to make commerce safer for the consumer, as it can also be made to subvert competition in the market place. For too often, government has lent its hand, on the balance of trade, to favor some businesses over others, strictly for the favors of the favored. Time, for government to deal out real fairness in commerce, and to truly uphold the Constitution as written.
PLEASE PLEASE DO NOT LET THIS HAPPEN! I OPPOSE THE RESTRICTIONS AND HAVE THE RIGHT TO INVEST IN PUBLIC INVESTMENTS. LEVERAGED AND INVERSE FUNDS/ETF'S ARE IMPORTANT TO MY TRADING STRATEGIES AND I UNDERSTAND THE RISKS. I DO NOT WANT THIS RIGHT TAKEN AWAY. THEY HELP TO PROTECT/HEDGE AGAINST A DOWN TURN AND I USE THEM OFTEN. AGAIN, I OPPOSE THE RESTRICTIONS TO MY RIGHT TO INVEST THE WAY I SEE
I have been using leveraged funds since inception. I have a methodology for investing using charting and QLD and others are the best vehicle for executing my plan. If these funds are removed, then my successful plan for investing for nearly 20 years will not be feasible.
Please protect the ability to trade via leveraged funds.
Thanks for your consideration.
Sincerely,
Alan Margolis
Let me decide what to trade and invest in, please.
* Leveraged and inverse funds are key parts of my investment strategy.
* They may be complex instruments under the hood, but they have simple, clear investment characteristics, the latter being what is investor facing.
* Leveraged/inverse ETFs and their underlying indexes are SEC approved, so additional regulation is not necessary and would be
I am writing to express strong opposition to new rules that would further restrict investment of leveraged and inverse funds.
I have used these funds simply to protect my existing investments in the stock market. I know financial advisors who also do so. Already there are checks and balances in place in Ameritrade for trading these funds.
No further restrictions should be added.
I am a fully informed investor & 20+ year Investment Advisor who should be able to invest in levered & inverse funds any time. Ive been given the Prospectus before each trade. I know how they work. Dont take away my right to own them. That would be a huge government overreach & not a good use of taxpayer dollars.
Truly, the less legislators try to micromanage my private investments and trades the better. Really it is a bit galling and insulting to constitutes that you assume we don't have the knowledge to write covered calls, or puts if needed to protect our investments. Please stop trying to help where it is not needed. Go work on cutting corporate welfare it needs reform.
