As prepared for delivery
Good afternoon. Thank you, Wayne [Abernathy], for that kind introduction and for the invitation to speak with you today. It is a pleasure to address this group, which plays such a unique role in facilitating the open discussion of important issues facing our economy and financial system.
Most of you, I assume, invest in the stock market. Many of you invest through
I have been responsibly investing for years with a complex and diverse portfolio that I base on my own personal risk tolerance. At times, this means I may include products like leveraged or inverse leveraged funds in my portfolio, as they can be effective tools to gain exposure to certain sectors, or conversely to hedge against a downturn in a sector. Of course, as with any investment decision or
Leveraged ETFs, including inverse funds are an important tool to everyday retail investors to hedge their assets and to increase their chances for successful investing and trading. These funds give the small investor an opportunity to compete with the big brokerage firms in a highly manipulated market, often fueled by high frequency trading of stocks, bonds, and options. I strongly reject the
Any restriction of investable assets has a large, negative affect on not only retail investors, but investors of IRA's and other retirement vehicles. Ever since the proliferation of online investing, the average American, and non-citizen has seen an unparalleled opportunity for wealth creation.
I was born into a meager household, but due the vast array of equities that I am able to trade
Restricting purchasing/selling of inverted or leveraged ETFs is pretty much equal to stoping regular people from the opportunity to earn income in stock trading. Leaving this privilage to only "professionals" or traders with huge capital will hugely increase the gap between rich and poor and will make poor suffer more.
People who doesn't understand the nature of such
Hi,
I have been an active trader for the last 10 years and have used many trading tools, ranging from simple stocks to complex derivative strategies. Leveraged ETFs/instruments are excellent tools I use to hedge my trades and enhance performance. One of the main reasons these are excellent assets is their ease of access. While they carry more risk (clearly stated with every brokerage platform I
I should be able to choose the public investments that are right for me. Public investments should be available to the public. I shouldn't have to go through any special process to be able to invest in these securities. Leveraged and inverse funds are important to my investment strategy and allow me to trade broader sectors with less exposure and capital investment. I understand the
Hello, Thank you for the opportunity to voice my opinion regarding this issue. As a small investor, I value a lot the opportunities presented from reversed and leverage assets. Public investments should be available to all the public, not just the privileged ones. I shouldnt have to go through any special process like passing tests before I can invest in public securities, like leveraged and
Good afternoon, Chairman Reed, Ranking Member Allard and distinguished Members of the Subcommittee. NASD is grateful for the invitation to testify regarding the regulatory consolidation of NASD and NYSE Member Regulation.
I am of the strong opinion that individual investors should be able to make their own decisions on the vehicle they choose to invest in. It should not be governed by ones net worth, passing of a test or any other qualifications..if so you are limiting the ability to invest in these instruments to the top few you are once again taking away the ability of the small investor to invest/risk their
