I oppose restrictions and barriers of entry to investments such as leveraged and inverse funds. I utilize leveraged funds in particular as a part of broader strategy both as a hedge and to enhance returns. Investors such as myself are capable of understanding and weighing the risks and potential rewards. Unnecessary restrictions do not help us and are a waste of time and effort for investors,
Hello,
All investing has risk involved for the better or for the worst.
I must have the ability to choose what investment vehicle is correct for my situation without regulation. I do not have a pension and leveraged or unleveraged funds/ETF/Stocks can help me to become self sustaining in my later years. Please leave it alone.
TO: All NASD Members and Other Interested Persons
On March 17, 1986, several amendments to SEC Rule 10b-10, the customer confirmation rule, will become effective. The amendments will require broker-dealers to report on customer confirmations trade prices and mark-ups and mark-downs in principal transactions in reported securities. "Reported securities" include NASDAQ National Market
I have a right to invest freely in what I deem to be an acceptable risk for myself and family. Inverse and leveraged funds help me prospect and hedge against unanticipated moves in the market. By forcing people to jump through hoops by passing certain tests etc. it just creates more headache and slows down the efficiency of markets.
Prior to retirement I was in the securities industry for over 40 years, a substantial period was spent as a partner of a major securities firm as VP in charge of derivatives. I dealt with people and firms with an interest and need to hedge their risk - my own portfolio is hedged appropriately with the instruments you mention. The proposals that you consider are needless and counter productive.
Please stop adding more government regulation burdens. The cost to investors greatly exceeds any benefit. I am an investor. Assessing risk is what I do. I don't need or want any help from the government.
More government, higher cost of government, higher taxes is just the opposite of what investors need.
Hello: I am deeply unhappy that regulators are considering limiting access to alternative investments. It is incredibly important for investors to have access to a wide variety of investment options. It is up to investors to understand the risk and rewards of any investment vehicles. I don't appreciate "Big Brother" to tell us what we can and can't invest in.
This regulation would be unnecessary. Brokerages already include many notifications to let you know that these securities are complex in nature and carry additional risks. Additionally, these types of securities are obscure and hard to find. Average investors are not accidentally investing in leveraged or inverse securities. Let ordinary investors continue to have access to these types of
I strongly oppose restrictions on my right to invest in public investments. I should be able to choose the public investments that meet my investing goals without going through any special process or seeking someone's permission. I understand the risks of leveraged and inverse funds. Leveraged funds are an important strategy in enhancing my returns.
Freedom of making legal decisions is one of the core foundational principles of American democracy. Public investments should be available to all of the public, not just the privileged. Small individual investors are perfectly capable of understanding leveraged and inverse funds and their risks, regulators you don't need to impose restrictions on us. Thank you for your consideration!
