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
In the interest of transparency and fairness to the market. I believe it is important to have regular and accurate information keeping and disclosure to encourage retail market participants into the market. Professional firms already have fast, accurate and bespoke trading software and information systems that provide them with a massive advantage in accurately determining price inefficiencies
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.
I depend on leveraged ETFs for my retirement. Without these returns, I would not be able to earn enough to support myself in the coming years. I understand well the risk associated with these funds and have educated myself well enough to trade them. I very much oppose any limitations placed on mobility to do so by regulators and feel such actions would be unfair and discriminatory.
To Whom It May Concern: Once again it seems we are dealing with needless government overreach. Leveraged trading vehicles for experienced investors provide valuable tools in balancing portfolios, reaching portfolio design goals, and protecting against risk. My families financial future should not rely on yet another bureaucrat making decisions for me or my family.
