We don't need more "nanny" police. Investors know their investments are at risk. What are you going to do next - force everyone to only put money in FDIC insured savings accounts????
To whome it concers.
Limiting publicly traded funds to only people regulators deem apropriate is an overstep. Traders are already aknowlging these funds are risky. But it should be the traders choice to risk those funds. Not regulators.
Leveraged and inverse funds are an important part of my investment strategy. I'm reluctant to be a short seller given the risk, however, with an inverse fund, I can still grow my portfolio in an overall downtrend.
Please do not take away my ability to purchase 2x and 3x Proshare funds. I use them to increase my risk, but at the same time doing it across a broad range of securities (e.g. Russell 2000).
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Comments: My comment is I study the markets daily and I have a MBA in Finance. I understand the risks of the leveraged and inverse ETFS. I trade the products as part of a comprehensive overall strategy on a short term trade basis.
We oppose restrictions to our right to invest. Personally we use leveraged/inverse funds to manage our portfolio risk during financial crisis. We want to maintain our current access to these funds.
I fully support this regulation. As a senior, I have seen other seniors making totally inappropriate investments in complex high risk instruments. There is no reason that an investor should not be fully vetted before making these choices.
I appose restrictions to my right to invest. I am capable of making the decision to invest in an inverse fund to hedge risk for my traditional equities. I do not feel it is necessary to restrict my access to these investements.
I oppose these restrictions. I must sign an annual agreement with Schwab that I understand the risks of ETFs. The ETFs are part of my investment strategy. There are enough rules and regulations today, we do not need any more.
