I think a free market economy should not need censure of normal accepted commerce activity. Voted against. Here is why:
I think that regulatory overreach ought not occur. It's a free market economy we all participate in, not a private club for special interest groups with an agenda. Anyone with money should be able to transact funds in exchange for securities the market has demonstrated a demand for, in this case leveraged funds are some of the highest performing funds over the last several years. I for one have purchased leveraged funds and have see it as a volatile but potentially lucrative choice, and accept the risks that accompany this activity, in light of the large reward. In fact, Proshares levered funds have consistently outperformed the market, moreso in bull years than the first quarter of 2022, and the added borrowing activities such as swaps and money markets embedded in levered funds acts as a sort of simple machine, to make simple tasks like buying and selling funds more lucrative. If there is a plan to create negative restrictions on levered funds that would be the most anti capitalist sentiment ever and I would not support that. I am pretty shocked that we are sitting here discussing how to make less money with unnecessary restrictions imposed on us for no good reason. Sounds dumb.
James Taber Comment On Regulatory Notice 22-08
I think a free market economy should not need censure of normal accepted commerce activity. Voted against. Here is why:
I think that regulatory overreach ought not occur. It's a free market economy we all participate in, not a private club for special interest groups with an agenda. Anyone with money should be able to transact funds in exchange for securities the market has demonstrated a demand for, in this case leveraged funds are some of the highest performing funds over the last several years. I for one have purchased leveraged funds and have see it as a volatile but potentially lucrative choice, and accept the risks that accompany this activity, in light of the large reward. In fact, Proshares levered funds have consistently outperformed the market, moreso in bull years than the first quarter of 2022, and the added borrowing activities such as swaps and money markets embedded in levered funds acts as a sort of simple machine, to make simple tasks like buying and selling funds more lucrative. If there is a plan to create negative restrictions on levered funds that would be the most anti capitalist sentiment ever and I would not support that. I am pretty shocked that we are sitting here discussing how to make less money with unnecessary restrictions imposed on us for no good reason. Sounds dumb.