Hello,
I am in my forties and I have been investing for the past twenty years. I feel that this is unneeded regulation. All stocks have risk. I currently use my leveraged and inverse funds to help protect my portfolio. This money has helped me to pay for my home.
My family is in an awkward position. With me as the main breadwinner, I need an income with a work from home job. I have studied stock trading for years and require access to both leveraged and inverse ETF's. Mostly, I use them for hedging my investments and this is crucial in any market condition.
The right to sell short in a stock market should not be limited to the super-rich. The average investors should have the same right through inverse funds. The risk should be borne by the investor himself, who should know what he is doing, and NOT forcibly eliminated by the seemingly good intention of the Regulators!
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I do not think regulators should play with what we can invest in when they have a record or allowing bitcoin investments and allowing ESOP investments 100% in untraded stock. Clearly, stopping leveraged investments is a play by people who do not want common traders to use them.
If I wish to lose money its my choice. You guys did nothing when General Motors ticker symbol changed in 2008 and allowed people to invest in a stock which was no longer linked to a company, now you are concerned that we are not smart enough?!??? Give me a break!
Leveraged and inverse funds give people the ability to grow their wealth and shouldn't be restricted to certain privileged (mostly wealthy) individuals. Why single out these investments? There are many risky stocks that have higher volatility and risk than leveraged and inverse ETFs. This is arbitrary and hurts the small investor.
I strongly oppose the effort of regulators to limit my ability to purchase leveraged or inverse investments. I am educated and well aware the risks of purchasing such products. As the last 5 months have dramatically proven, these types of products, like any stock, has the ability to go up or down significantly.
Please allow us to have somewhere to go to protect our money!! The stock market pirates ripped me off for over 177 thousand dollars!! The tdameritrade pirates and hedge funds that have access to my account!!@! All insider trading and front running!! Business as usual!! :(
The gambling of Wall Street must end. The entire world economy is at risk from the gambling of a few bad actors. Company's can be destroyed by dark money pools short selling and pushing down stock prices rather than their ability to perform for its clients and in the market place.
