I am an ordinary investor, with a regular day job. I do not have time to take classes or tests or extra regulatory hoops in order to manage my portfolio, and yet I am perfectly capable of understanding that some investment vehicles are more risky than others.
As a regulatory organization, you are stepping over the line if you are stopping me from taking part in a legitimate investment fund
It is my responsibility as an investor to understand the dangers of any investment I make, not limited to leveraged funds. In fact, Leveraged ETFs are much safer than certain other instruments such as options.
Leveraged ETFs provide a valuable addition to various portfolios for hedging and certain long term risk parity portfolios.
Do not restrict these to individuals with high networth
Why only block leveraged products? I say block the whole stock market for people with less than a million dollars in liquidity. Please create more and tougher hurdles for pleabian class people like us so it becomes even tougher for regular folks like us to climb the financial ladder.
That was sarcasm in case it wasn't obvious to you braindead politicians/regulators.
Now for something
I oppose restrictions on my right to invest in public investments such as leveraged and inverse funds.
I, not regulators, should be able to choose the public investments that are right for me. Public investments should be available everyone, not just the privileged, or those regulators deem suitable enough.
I do not agree that I should have to go through any special process or pass a test before
I use double and triple leveraged long and short index funds as one of multiple tools to implement my investment objectives. I invest a small percentage of my investment portfolio in leveraged assets. These leveraged investments achieve a small dumbbell portfolio distribution in what is predominantly a conservative porfolio.
I am a high net worth investor and require special permission to
I, not dubiously motivated regulators should be able to choose investments that are right for my strategy. The majority of investment vehicles should be available to all of the public, not just the privileged considerating there are already plenty of investment products off limits to the public. I shouldn't have to go through any special processlike passing a test before I can invest in
This is really not going to help individual retail investors. Lots of retail investors would be losing valuable hedging and speculating tools in terms of leveraged and inverse ETF's. Many of these investors may utilize cash accounts and have no other way to go short in the market without buying put options, which is another layer of approval. As such, ETF's are the most accessible and
It's just come to my attention that there is a proposal to impose restrictions on my ability to trade publicly traded securities that may come in the form of testing, having a certain net worth, getting special approval from my broker, having read certain materials or being subject to "cooling off periods" while investing.
I am an intelligent, volitional human being who
To Regulators,
Restricting investments to people who do not meet your income or asset requirements is again a way to try to control the average retail investor. Just because you think you are doing something good by preventing average investors for making risking decisions that may or may not result in profitable outcomes does not mean you are doing something that is right. Adults should be
(a) The term "ADF-eligible security" means an NMS stock as defined in Rule 600(b) of SEC Regulation NMS.(b) The term "Clearing Broker-Dealer" or "Clearing Broker" shall mean the member firm that has been identified in the ADF as principal for clearing and settling a trade, whether for its own account or for a correspondent firm.(c) The term "Correspondent
