I, not regulators, should be able to choose public investments that are right for me. Why is it that investors such as Bill Hwang have access to unlimited amounts of leveraged derivatives through banks? How exactly is that fair to individual investors? This proposal will deprive individual investors of access to tooling that fund managers such as Hwang have access to and used to make substantial returns for themselves and their limited partners.
Quite frankly, this proposal is absolutely disgusting. If an over-leveraged hedge fund blows up and sparks the next recession, no big deal, right? But thank God the little guy can't buy $1000 worth of a 3x leveraged ETF. I acknowledge that I'm being slightly pedantic in this comparison, but leveraged ETFs simply aren't a threat here. Instead, how about you go after regulating the holes in capital markets such as total return swaps than allow for billionaires to make or break the entire financial system.
Jeff Wiemold Comment On Regulatory Notice 22-08
I, not regulators, should be able to choose public investments that are right for me. Why is it that investors such as Bill Hwang have access to unlimited amounts of leveraged derivatives through banks? How exactly is that fair to individual investors? This proposal will deprive individual investors of access to tooling that fund managers such as Hwang have access to and used to make substantial returns for themselves and their limited partners.
Quite frankly, this proposal is absolutely disgusting. If an over-leveraged hedge fund blows up and sparks the next recession, no big deal, right? But thank God the little guy can't buy $1000 worth of a 3x leveraged ETF. I acknowledge that I'm being slightly pedantic in this comparison, but leveraged ETFs simply aren't a threat here. Instead, how about you go after regulating the holes in capital markets such as total return swaps than allow for billionaires to make or break the entire financial system.