David Broockman Comment On Regulatory Notice 22-08
Don't exclude the public from access to these funds.
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Don't exclude the public from access to these funds.
Please do not impose restrictions on my ability to trade leveraged and inverse strategies. I believe the current advisory system issued to investors is sufficiently effective in educating the public of the inherent volatility in such strategies. More regulations will greatly limit the participation of the general public in such investments and would lead to these investments only being available to a select elite few. That is both un-American and un-acceptable in the realm of free markets.
Personal liberty demands freedom of expression, including freedom to invest as I see fit. If you want to protect the vulnerable, ban sports betting and state sanctioned lotteries which are truly regressive by every measure.
I should have the right to choose public investments. Regulators do not need to impose any measures to test my knowledge of leveraged and inverse funds and the risks involved. I use these investments to protect me and to seek enhanced returns as a limited part of my overall investment portfolio.
Let capitalism work itself out and stop adding regulations. There's risk in anything and everything we do.
It's up to me to info myself as to what I think is best for my investments, inverse holding are a good way to huge against some losses. Personal liberty requires that all free people have a chose even if it's a mistake. The best think for any agency is to see that the information needed is made available and thats all.
I oppose any limitations or restrictions on my ability to my acquire any type of publicly traded funds.
There is nothing illegal about it, its just another trading vehicle. All currently permitted forms of trading involves some dimension of risk. It is upon the investor to understand the risks.
I should be able to choose the public investments that are right for my family. Public investments should be available to all, not just the privileged. Leverage and inverse funds help me hedge my investments.
Inverse funds are helpfully in a down market. I am using one with success. They are an alternate for shorting in retirement accounts. However, I believe some details in how they are structured could make them more useful.