I want to be free to buy and sell as I please. It is my money and I do not want any restrictions in using it.
The right to invest is critical in this time of unprecedented inflation.
I am writing to express strong opposition to new rules that would further restrict investment of leveraged and inverse funds.
I have used these funds simply to protect my existing investments in the stock market. I know financial advisors who also do so. Already there are checks and balances in place in Ameritrade for trading these funds.
No further restrictions should be added.
The rule would unfair, the products provided make known their risk and reward. Relatively with other exchanges 3x is smaller compared to the British with 5x leveraged and with the Koreans up to 10x leveraged.
Leveraged and inverse funds are important for my investment strategy. I understand the risk associated with them. These investments are a limited part of my portfolio. I also use them to hedge my investments and to seek enhanced returns.
It's my money to lose. If I make a mistake and lose everything, too bad for me, I'll just retire later. My loss is somebody else's gain. This change doesn't benefit anybody except by granting financial service providers a monopoly on access.
I am not opposed to additional disclosures. However onerous requirements on net worth or certifications will only keep the poorest among us distant from complex financial tool and lead to increase the disparity between rich and poor. Given the long term results of one of the most popular leveraged etf,TQQQ, this really seems like a ploy that helps the wealthy by limiting the upward mobility of
Regulators, I oppose restrictions on my right to choose and invest in public investments. I do not need, or want, new rules concocted to determine what my investment options are, or, how, and when I am "allowed" to invest my own funds in public investments.
Thank you for considering my comments. I oppose restrictions to my right to invest. I wish to continue to use inverse ETFs without restriction. I use these funds as a limited part of my overall portfolio, primarily to hedge my long term investments. I am capable of understanding the funds and do not want to see restrictions imposed on my right to invest.
Please note that investors should have the right to choose investments that are right for us...there shouldn't be a special test, how unamerican. Inverse funds are critical to me hedging my risk, PLEASE DO NOT RESTRICT MY RIGHT TO INVEST
