I am a retail investor that has been successfully trading in leveraged investment vehicles for more than four years. These vehicles are important to my personal investment style and I am very comfortable with the EFT I have chosen.
Through my own study of the EFT and the prospectus provided by the fund, I am well acquainted with the risks inherently involved in the purchase and sale of my chosen EFT stock. I do not use an investment adviser.
I am very concerned that the proposed rules will ultimately exclude me from participation in leveraged investments at any time in the future.
I want the regulators to preserve investor freedom to buy public securities without additional government-imposed limitations on investor choice. I see no advantage in the rules but only hindrance or worse. I want to maintain my current access to leveraged investment funds.
Note that my net worth is not "high." However, I am 76 years old, use a safe strategy, and have no foreseeable need to withdraw from the market. I have been very successful in the EFT I have chosen.
I would describe my investment knowledge as acquired through study and experience specifically directed to my investments and NOT of a specialized nature sufficient to pass a regulator devised or imposed test.
I have no idea what would be the result of cooling off periods during which I cant invest. However, the prospect bodes very ill to my strategy and could prove much more costly than helpful.
I have no problem reading certain materials deemed helpful by regulators, or attesting that I have done so.
If approval from my broker is required, I firmly believe it would be granted, as my accounts have always been with the same broker and are open books to them.
Paul Woosley Comment On Regulatory Notice 22-08
I am a retail investor that has been successfully trading in leveraged investment vehicles for more than four years. These vehicles are important to my personal investment style and I am very comfortable with the EFT I have chosen.
Through my own study of the EFT and the prospectus provided by the fund, I am well acquainted with the risks inherently involved in the purchase and sale of my chosen EFT stock. I do not use an investment adviser.
I am very concerned that the proposed rules will ultimately exclude me from participation in leveraged investments at any time in the future.
I want the regulators to preserve investor freedom to buy public securities without additional government-imposed limitations on investor choice. I see no advantage in the rules but only hindrance or worse. I want to maintain my current access to leveraged investment funds.
Note that my net worth is not "high." However, I am 76 years old, use a safe strategy, and have no foreseeable need to withdraw from the market. I have been very successful in the EFT I have chosen.
I would describe my investment knowledge as acquired through study and experience specifically directed to my investments and NOT of a specialized nature sufficient to pass a regulator devised or imposed test.
I have no idea what would be the result of cooling off periods during which I cant invest. However, the prospect bodes very ill to my strategy and could prove much more costly than helpful.
I have no problem reading certain materials deemed helpful by regulators, or attesting that I have done so.
If approval from my broker is required, I firmly believe it would be granted, as my accounts have always been with the same broker and are open books to them.
Submitted May 4, 2022