Scott Miles Comment On Regulatory Notice 22-08
Dont limit my right to invest in leveraged and inverse funds. I am an adult free to make my own choices. Dont intrude on my rights.
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Dont limit my right to invest in leveraged and inverse funds. I am an adult free to make my own choices. Dont intrude on my rights.
I strongly oppose limiting investors ability to trade leveraged and inverse funds. These can be great tools of various usages like market timing and hedging.
These funds are probably riskier than their corresponding non-leveraged funds, but there are tons of real stocks that are much more risky than these funds, so why not put limitations on those stocks?
I want to let FINRA know that I want to maintain my current freedom to invest in public securities of your choosing. I dont want FINRA to change the way I invest in ultra, ultrapro and ultrashort shares.
To Whom It May Concern:
I believe I am responsible for the way I invest my resources and the products I choose. Limiting my choices by intervention of regulators and the steps they take to limit my choices is improper. Inverse fund investment is part of my financial method of preserving my resources. Please do not take any steps to limit my actions in this manner.
This rule only benefit the rich. The rich can get richer and regular people is stuck.
Not fair for the limitation.
Leveraged and inverse funds are an important tool for me in achieving my investment goals. For an individual, self directed investor such as myself, they are one of the few tools available to protect my portfolio in bear or volatile markets.
I have used them successfully recently to stabilize my portfolio.
I beg you to keep the complex products, leveraged ETFs, options on the table for us retail investors. As a retail investor that has had to suffer through the 1999, 2008, and 2020 crashes, I cannot make up ground to retirement without more complex financial instruments. If I don't have ways to access options and ETFs in my IRA I am not going to take a big financial hit long term.
The Big Banks & Wall Street firms have the ability to make money when the market goes up or down. The average person should be able to do the same thing, whether with options or with leveraged or inverse funds.
To whom it may concern,
I oppose restrictions to my right to invest, and I should be able to chose the public investments that are right for me. I shouldn't have to go through any special process before I can invest in a public security.