Athanasios Kolefas Comment On Regulatory Notice 22-08
Athanasios Kolefas
N/A
I use the ProShares Ultra Short S&P 500 (2X) as an efficient hedging vehicle vs. long positions in U.S. stocks and stock funds for my personal accounts. I do it in a limited, judicious way and it affords me a smoothing mechanism to offset deep downturns in the broad market, of which we've had several in the last 4-5 years, allowing me to compound a higher level of principal in bull markets. I don't see why these need to be regulated; I know precisely why, when and how to use them. Are you going to protect my principal in a down market? And while we're at it, why are you are over-regulating the mutual fund and ETF market and not taking a closer look at the rampant naked shorting being done by hedge funds? They are raping and pillaging while the individual investor is being looked at under a microscope for jaywalking. Why is that?
Athanasios Kolefas Comment On Regulatory Notice 22-08
I use the ProShares Ultra Short S&P 500 (2X) as an efficient hedging vehicle vs. long positions in U.S. stocks and stock funds for my personal accounts. I do it in a limited, judicious way and it affords me a smoothing mechanism to offset deep downturns in the broad market, of which we've had several in the last 4-5 years, allowing me to compound a higher level of principal in bull markets. I don't see why these need to be regulated; I know precisely why, when and how to use them. Are you going to protect my principal in a down market? And while we're at it, why are you are over-regulating the mutual fund and ETF market and not taking a closer look at the rampant naked shorting being done by hedge funds? They are raping and pillaging while the individual investor is being looked at under a microscope for jaywalking. Why is that?