I am a sophisticated investor with 45 years experience in investing in the stock market I have mutual funds, bond funds, and stocks in my portfolio. It is an investment built over the years to its current value of 2.2 million dollars. I could net have done this without the Leveraged funds I have invested in. I use the them as a long term investment and I use the inverse funds like TQQQ as a hedging device for long positions in the market. They are critical in my portfolio.
I believe it is my right to invest in any publicly held stock.
I should not have to go through any specialized process to invest in leveraged funds.
I am capable of understanding leveraged funds and the risks of the modern market. Those risks have increased in recent years but I have adjusted to meet those risks.
Please keep leveraged funds available to the public investor, Do not exclude them by making it the purview of professional traders and large hedge fund operators. Give us the same capability as those professionals. Keep the playing field level.
Johnny West Comment On Regulatory Notice 22-08
I am a sophisticated investor with 45 years experience in investing in the stock market I have mutual funds, bond funds, and stocks in my portfolio. It is an investment built over the years to its current value of 2.2 million dollars. I could net have done this without the Leveraged funds I have invested in. I use the them as a long term investment and I use the inverse funds like TQQQ as a hedging device for long positions in the market. They are critical in my portfolio.
I believe it is my right to invest in any publicly held stock.
I should not have to go through any specialized process to invest in leveraged funds.
I am capable of understanding leveraged funds and the risks of the modern market. Those risks have increased in recent years but I have adjusted to meet those risks.
Please keep leveraged funds available to the public investor, Do not exclude them by making it the purview of professional traders and large hedge fund operators. Give us the same capability as those professionals. Keep the playing field level.