Individual investors should have the right to invest in a variety of asset classes and financial securities with varying amounts of risk rather than restrict them to a privileged few (trusts, hedge funds, high net worth individuals, etc.).
I am a self directed trader like millions of others. I fully understand the risks and conditions under which I trade. Leveraged products are a vital part of my investment strategy. It would be wrong to limit access to traders like me.
Due to I got the Exemption Index ID of National Futures Association (NFA) as a person and as a CPO, I already know about the risk to reward relationship associated to invest in ETF's such as BITO among others. Then I want to be free to diversify my investments.
Comments: I am well aware of the risks of trading leveraged etfs and have been doing so for many years as a hedge to other investments. I would appreciate if as an investor I am allowed to do what Is most suitable for my portfolio.
Leveraged funds are very important to my investment strategy. I completely understand the leveraged risk involved with investing in these funds. I should be able to keep investing in them. Please do not take away my ability to use these investment funds.
Please don't be an paternalistic about what we can and can't elect to invest in. Leveraged funds, crypto ETFs, and other non traditional investments can be part of a balanced portfolio to mitigate black swan event risk and inflation.
Please, do not stop access to invest in leveraged and inverse funds. It is my responsibility to take extra risk associated with them as well as ability to get rid of them if I find myself uncomfortable with them.
Thanks for understanding
Boris Svoyskiy
I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on you.
I fully understand the risks associated with leveraged and inverse ETFs. I study my investments diligently and believe I have the knowledge to continue investing in these ETFs, especially during these times when inverse ETFs allow to hedge against the market going down.
I am a former series 7, 6, 63 from 1994 to 2001. Back then people knew risk, with all the information now the public is so much more well informed that regulation should be MINIMAL. Minimal meaning more of a mediator than a regulator.