I would like to continue as its very important for me to recover all my losses this year. Being limited will take away my ability to invest long-term and have my profile recovered (50%+ down). Nothing will get risk its just simply leveraging in ETF form.
Dear SEC, I use leverage funds as a hedge for my total portfolio. I understand the risks involved with these funds. I do not need any more regulations enforced on me what I can do . As an American citizen, I believe the constitution offers me the opportunity to choose how I invest the money that I earned.
ProShares is same as all other investment such as equities, options, futures, and Forex. They has it's own risk and reward. Restrictions on one asset is not fair. Investors should have the right and freedom to pick their investment; and should not have to go through any special process of test. I am strongly object.
I oppose any restrictions to my right to invest public investments. I want to be able to choose the investments that are right for myself and my family. I believe I can understand the risk of investments. I always try to study, research and make inquiries to my advisor about these important matters concerning my financial future.
FINRA is violating their role in protecting the public by grossly overstepping their boundaries by unilaterally deciding what type of investments are deemed appropriate. There is absolutely nothing wrong with investments like leveraged product. As long as the proper disclosures of risk are disclosed, these type of investments are no more riskier than equity options and other investments.
I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. Explain that you are capable of understanding leveraged and inverse funds and their risks. Tell regulators you do not need these measures imposed on you.
I find these funds to be useful for hedging my portfolio. I am aware of the risks and chose to use these tools. With the enormous market drop in store taking away inverse funds at this time would be very hurtful. I suppose I would have to start buying options directly even though that is much more difficult.
Freedom to evaluate my own risk tolerance and invest in leveraged or inverse funds as registered securities on listed exchanges is the essence of a free market. I abhor the idea of more regulation vs less and strongly oppose proposed regulation that would inhibit my abilty, my liquidity and freedom to choose such investments.
I believe that I have all the knowledge and financial ability to invest in leveraged and inverse funds without passing special qualifications. I do not want these additional restrictions on my investing. Like many investors, I use these investments for only a fraction of my portfolio, and consider them an offset to the risk of investing in individual stocks.
I believe that individual investors should not be restricted from the purchase or sale of inverse or leveraged funds. Individual investors should be able to choose the publicly listed securities that are right for their risk and return objectives without going through extra steps such as income/asset verification, knowledge tests, or any other special process.
