It is a free market, and people can protect themselves. Anyone in the market should understand the risk and accept the consequences. The regulator only needs to ensure the ground is level and rules are followed. It sounds like the rule is to benefit Wall Street at the right time.
I am advised that I am now incapable of making my own investment decisions re leveraged or inverse investments This is quite surprising as I have been doing this for decades, with much satisfaction and no regrets I am quite content working with my own risk parameters and object to others telling me what I may or may not do, and oppose such efforts and oversight
I do not feel that I need someone else to determine my ability to choose the investment vehicles most appropriate to implement my investment strategies.
The ability to purchase inverse ETF's is necessary to obtain gains when the stock market goes down. Let me decide which investments are best for me.
Please let investors invest freely. Take risks and rewards on their own judgment. Financial markets should be open to all participants.
It's absolutely absurd to consider inverse or leveraged funds as "complex products". The absolute maximum restrictions that should be similar to having to apply for options approval. Every broker I have used to invest in these types of funds does an excellent job explaining the risks. Imposing regulations would over-complicate it.
I have routinely used leveraged and inverse ETF's for years both to enhance returns as well as to hedge my portfolio. To restrict their use to a select few is a huge unnecessary government over-reach. The use of leverage and inverse ETFs do not require any "education" or "test". You should look at retail use of options and futures before you look at ETFs.
I need to be able to choose public investments. Stop this unfair rule change. I do not need to go through any test before I can invest.
Please do not enforce these regulatory rules for investing. I myself am in a situation where investments do help me but I do not have large funds. I think everyone should have the right to do what they want with their money without having to jump through hoops to do it.
