I have been a member and executive of the Chicago Board of Trade and served as the Chairman of the DOW Jones futures committee for 40 years. I believe it is in the best interest of if FINRA the SEC to allow inverse ETF products to be continued to be freely traded. It give the investors the ability to hedge risk of current equity holdings or there 401-ks
I strongly oppose restrictions on my right to invest in public investments.
I am thoroughly capable of understanding leveraged and inverse funds and their risks. I've been in the market for more than 15 years and have accrued a winning portfolio. Leveraged and inverse funds are EXTREMELY important to my investment strategies. I need to be able to choose the public investments that
I fully believe in the freedom of the capital markets and my choice as a participant in those markets to remain unencumbered. There have been too many instances of the elite class not allowing the everyday person to use these markets. I use leveraged products as part of my trading strategy. It helps me greatly to have these products available to me. I think the current prospectus for these
I should have the right to invest my money as I see fit . It's up to me to learn the pros and cons of different financial instruments . While I'm at it I am tired of calling hedge fund operators who tell me I must have a certain net worth and income to invest in their funds . If I have $20k to invest in these funds they should be more than happy to have me as a client . Thanks .
To all regulators.
I oppose restrictions
on my right to invest in public investments.
I'm aware of the risk and I fully take responsibility for my investments.
I want to invest myself not by regulators.
It is of utmost importance that people have the full freedom to deploy their money into whatever they want without major obstructions.
As it is, to protect investors, ETFs already have disclaimers, which spell out the risks. In addition, some broker accounts won't even let investors buy some ETFs or penny stocks unless the risk profile is set to be "aggressive".
When
I should be able to choose what investments are right for me. I know the risk in leveraged funds, and know only to invest a small portion of my money in them, and to have a diversified portfolio.
Let everyone invest, No one should have the right to say who can invest
