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.
It poses a severe threat towards market fairness. It's like locking people in home because of COVID-19 . Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are and how they work. Also, the liquidity will be severely affected if it is passed.
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.
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.
It poses a severe threat towards market fairness. It's like locking people in home because of Flu, but except rich people. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are. Also, the liquidity will be severely affected if passed.
I've traded these leveraged funds for the last 4 years, to have these stripped away from the average day trader is a gut punch to the average trader and shows the average American isn't allowed to compete with the hedge funds of America. Your reasoning for stripping this access to average trader is a joke and implies someone else stands to make more money by doing so.
Please keep leveraged funds, I'm a small investor who's informed in my knowledge of how to trade and invest. My strategy is to buy and sell when it's going up but hold on when going down, so I'm not causing volatility in a down market or contributing to exacerbating a market panic. Please keep markets as free as possible. Thankyou
Please do not limit my ability to profit from market drops just as I would from market rises. It seems unfair for the little guy (me) to not be able to profit from all market directions like the big guys can. I understand the risks and trade accordingly. Any restrictions need to be applied to all directions, up and down, and to EVERYONE!
I already need special approval from the brokerage to trade these products. Leveraged and inverse funds are primarily used to hedge risk and lower volatility. These new regulations will disadvantage smaller investors. Do you want us to return to "selling short" to achieve our goals? If so, that would entail a great deal more risk.
This is a prime example of regulatory
