Serge Korovitsyn Comment On Regulatory Notice 22-08
we dont need this extra protections from the government, we can manage our own money, thank you
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we dont need this extra protections from the government, we can manage our own money, thank you
I have been investing - on my own using my own methods - for over 30 years and don't need the Government to tell me how to do it. I fully understand the risks of leveraged and inverse funds and us them diligently as part of a balanced portfolio. I do not need additional regulation imposed on me. In fact, it is my current positions in leveraged inverse funds that is protecting me in the market right now! I'm short and making the money that off-sets the loses from the stogy investments you are trying to limit me too.
I understand and have been trading leveraged funds for a few years and do not need to have the rules changed years after making it available to me. The leverage is not anywhere near the leverage on options and these do not expire like options do.
I am writing in strong opposition to this proposed rule. I and my advisors should be the ones to determine if investments are right for me, NOT the government regulators. I also should not have to pass a test before investing in public securities. I understand full well the risks and rewards of leveraged and inverse funds, and it is not up to the government to suggest or tell me otherwise. The Biden administration is choking businesses of all types with new regulations and reinstatement of bad policies from years ago.
This possible new regulation makes no sense as you already have to be approved by many brokers to invest in leveraged funds. This seems like a new way to limit the possible returns an investor can make, as well as cater to more institutional investors rather than individuals.
I am writing to oppose restrictions on my right to invest in leveraged and inverse funds. I use such funds as protection for my portfolio. I, not regulators, should be able to choose the public investments that serve my investment intentions. There is plenty of opportunity for individual investors to gain understanding of individual investments and their risks.
Do not regulate inverse funds. A great tool for individual investors.
I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.
The investment landscape is currently regulated at a high level. While I understand the importance of ensuring that nefarious inversely schemes are kept at bay, the ones who do follow the guides, rules and laws should be allowed. These types of investments give me hope that I will actually be able to retire someday without reliance on social security which is a bloated beast. Funds such as ProShares often give clear and concise information to investors, allowing us to make our own decisions and choices.
It would be hurtful to my investment strategies, if my access to leveraged ETF's is limited. Short ETFs are great way for the common investor to provide downside protect in volatile markets.